The federal reserve plays a major role in what model is used from quarter to quarter… !!!! Know what they are demanding or offering to lenders. Know where you fit.
The Federal Reserve doesn’t even allow for denials. Banks are doing whatever tf they want because there aren’t enough consumers complaining. Banks are BORROWERS, not lenders. Your credit is your right! It’s yours, not the banks’.
@@calbarton can you answer my two comments posted here to you? The initial comment is in the thread it has highlight above it I think. Here's my second question: Would I have to constantly use my 5 high limit credit cards in order to prevent the potential "closure of an account of my 5 cards for lack of inactivity" ? Or could I use one of my 5 high limit business credit cards say with $150,000.00 dollars at Zero (0%) percent interest rate and I payback half of the high credit limit amount $75,000.00 and I haven't had to use my other 4 high credit limit cards would the lenders look to close those business credit limit cards for lack of inactivity ?
@@calbarton here's my initial comment I never got an answer upon as follows: What do you precisely mean when you said your LLC was approved a $2K limit ? When you formulated it which state did you go with? What state offers the very best tax incentives? And I am seeing some require a information report ...while some doesn't require that information report be filed each year nor any fee like most other states require yearly or bi yearly fee of whatever the amount is indicated.
New subscriber 👋🏽 I'm giving a lecture on key tasks for small businesses pursuing bank loans. The information providing in this video is very useful. Thank you.
What do you precisely mean when you said your LLC was approved a $2K limit ? When you formulated it which state did you go with? What state offers the very best tax incentives? And I am seeing some require a information report ...while some doesn't require that information report be filed each year nor any fee like most other states require yearly or bi yearly fee of whatever the amount is indicated.
just trying getting the new card from Wells Fargo because it has a lot of categories that would be useful for me including upcoming purchase of camera equipment. I was denied for too many cards over last 24 months. (7 cards) despite my last personal card being back in July 2023. Figured since I had Bilt that might help me since already in their eco system. Have a 770 score, barely any personal debt, six figure income, and no late payments. they stated the inquiries on my letter. dumb.
I forgot to mention that I had a BK 7 years ago and NFCU was on the hook for $2000, what I don't understand is why they allowed me to come back. I'm hoping that if I can show them that's in the past and get as many products as I can they will see something positive, I don't need their cc but I just thought it would be nice to be back in good grace with them, I will attempt a pledge loan in the next 90 days and see what happens because they did not even want to give me their secured visa which I won't understand, Cal, I received their letter of denial and it's because of the write-off they had to do, do you think writing a letter to them and explaining the circumstances of the BK or do you think I just wasting my time.
I opened a Capital One checking and savings account...partially because they had a good rate on the savings...but also thinking it might make it easier for me to get the Venture X. Nope. denied twice.
I did the same thing only checking i withdraw all money from the account they keep denying my approval after all the deposits I did now they get ZERO (0) if I was you I'll go US Bank open an account get the Altitude Reserved I think it's better then the X
@@Usmc031189 That worked for me with US bank for the Reserve card and the checking account free of monthly service as long as you maintain a credit card account.
@@ow5966 Brother I did the same thing after getting denied for the VX once, and for six months I would check my approval odds on the CAP1 tool, my odds actually got worse, and afer listening to Cal data points I just pulled my money out and accepted the fact that I will never get approved for the CAP1VX with the bonus. I am concentrating my spend on Chase, AMEX, and a little bit of Bilt. Yeah I would of love to hold the VX for the flex and the $5 they give you to hold the card.
Wow it's funny I just open an account about 2 weeks NFCU applied for platinum FICO 778 Denied 2X one day after reconsideration I'm waiting for a letter and closing my account they say"our mission is our customer" NOT.
Wow nice growth on your channel Cal! Keep up the hard work!
Love your channel bra! Got approved instantly for CSP by following your advice. Thanks so much - next stop: Venture X and AMEX Platinum!
Wow, big congrats on that approval, and thank you for the feedback! Do you mind leaving me a quick testimonial testimonial.to/cal
@@calbarton will do
What’s CSP?
California is different 💳
The federal reserve plays a major role in what model is used from quarter to quarter… !!!! Know what they are demanding or offering to lenders. Know where you fit.
The Federal Reserve doesn’t even allow for denials. Banks are doing whatever tf they want because there aren’t enough consumers complaining. Banks are BORROWERS, not lenders. Your credit is your right! It’s yours, not the banks’.
This is a REALLY GD VID!!! WOW!! It's a 💎 thanks for all the info. This is amazing but simple knowledge 👏
Glad it was helpful!
@@calbarton can you answer my two comments posted here to you? The initial comment is in the thread it has highlight above it I think.
Here's my second question:
Would I have to constantly use my 5 high limit credit cards in order to prevent the potential "closure of an account of my 5 cards for lack of inactivity" ? Or could I use one of my 5 high limit business credit cards say with $150,000.00 dollars at Zero (0%) percent interest rate and I payback half of the high credit limit amount $75,000.00 and I haven't had to use my other 4 high credit limit cards would the lenders look to close those business credit limit cards for lack of inactivity ?
@@calbarton here's my initial comment I never got an answer upon as follows:
What do you precisely mean when you said your LLC was approved a $2K limit ? When you formulated it which state did you go with? What state offers the very best tax incentives? And I am seeing some require a information report ...while some doesn't require that information report be filed each year nor any fee like most other states require yearly or bi yearly fee of whatever the amount is indicated.
Thanks for the video 🎉
You’re welcome 😊
Thanks for the content, very informative!
My pleasure!
@@calbarton
I've gotten information from you before but I need all your information HIGH LIMIT CREDIT CARDS PLEASE.
New subscriber 👋🏽 I'm giving a lecture on key tasks for small businesses pursuing bank loans. The information providing in this video is very useful. Thank you.
Thank you so much. I'm happy I was helpful.
What do you precisely mean when you said your LLC was approved a $2K limit ? When you formulated it which state did you go with? What state offers the very best tax incentives? And I am seeing some require a information report ...while some doesn't require that information report be filed each year nor any fee like most other states require yearly or bi yearly fee of whatever the amount is indicated.
just trying getting the new card from Wells Fargo because it has a lot of categories that would be useful for me including upcoming purchase of camera equipment. I was denied for too many cards over last 24 months. (7 cards) despite my last personal card being back in July 2023. Figured since I had Bilt that might help me since already in their eco system. Have a 770 score, barely any personal debt, six figure income, and no late payments. they stated the inquiries on my letter. dumb.
Do you mean the Journey?
@@hahathatsgreat2 Attune
I got a letter from Navy credit union, saying they’re gonna redo my account, is anybody else getting these?
💪
I forgot to mention that I had a BK 7 years ago and NFCU was on the hook for $2000, what I don't understand is why they allowed me to come back. I'm hoping that if I can show them that's in the past and get as many products as I can they will see something positive, I don't need their cc but I just thought it would be nice to be back in good grace with them, I will attempt a pledge loan in the next 90 days and see what happens because they did not even want to give me their secured visa which I won't understand,
Cal, I received their letter of denial and it's because of the write-off they had to do, do you think writing a letter to them and explaining the circumstances of the BK or do you think I just wasting my time.
You have to pay them back what you owe and they will let you to apply for stuff
I opened a Capital One checking and savings account...partially because they had a good rate on the savings...but also thinking it might make it easier for me to get the Venture X. Nope. denied twice.
I did the same thing only checking i withdraw all money from the account they keep denying my approval after all the deposits I did now they get ZERO (0) if I was you I'll go US Bank open an account get the Altitude Reserved I think it's better then the X
Yup here you
@@Usmc031189No it's not
@@Usmc031189 That worked for me with US bank for the Reserve card and the checking account free of monthly service as long as you maintain a credit card account.
@@ow5966 Brother I did the same thing after getting denied for the VX once, and for six months I would check my approval odds on the CAP1 tool, my odds actually got worse, and afer listening to Cal data points I just pulled my money out and accepted the fact that I will never get approved for the CAP1VX with the bonus. I am concentrating my spend on Chase, AMEX, and a little bit of Bilt. Yeah I would of love to hold the VX for the flex and the $5 they give you to hold the card.
great video Cal. i just got denied from NFCU for a credit card including the secured visa as well, i'm waiting for the letter in the mail to see why.
Wow it's funny I just open an account about 2 weeks NFCU applied for platinum FICO 778 Denied 2X one day after reconsideration I'm waiting for a letter and closing my account they say"our mission is our customer" NOT.
I opened a NFCU account. Waited 90 days and was given a 22k credit card. 12 months later it’s 35k. NFCU is 100% for the customer.
You must constantly be in debt. Constantly use all credit cards
Are you looking for a professional TH-cam thumbnail designer?
2nd
Cap 🧢