Chase84

You have to start building Corporate Credit in order to get loan with out personal guarantee. The first step is to form your LLC. Then get a land line phone in the companies name and make sure it is listed in the phone book. After that you need to find Net 30 accounts, you need about 5 Net 30 accounts before you can start getting Credit Cards. These Net 30 accounts report to D&B, Experian Buisness and Equifax Buisness. All this can be done without useing your SSN.

Wow, and this is due to disputing info on your credit report?

 So I just verified my Identity and today PSB took my deposit. So I guess I will be recieving my card in about three weeks or so. I will let everyone know how it goes, so far so good, easy process. Also if anyone needs another Secured Credit Card I recommend Capital One they are great. My scores went up 23 points in one month of having the card. Funny thing is that when I checked my credit report they backdated it so it shows two months of having the card instead of one.

About how long did it take to recieve your card?

When is Score Time? I recently got a credit card from Capital One that I pay off every month, but it has not shown up on my credit report... I've had the card for over 2 mos already.

I Know! I sent in my $200 deposit 2 weeks ago and I have not recived my card yet =(

   Under the Fair Debt Collection Practices Act (FDCPA) (a third party debt collection agency is required in the first written communication with the following information: 1) the amount owed; 2) the name of the creditor who the debt is owed to; 3) that unless the debtor disputes the validity of the debt within 30 days of receipt of the letter, it will be assumed the debt is valid; 4) a statement that if the consumer notified disputes the debt in writing within the 30 day period mentioned above, the collection agency is required to obtain verification of the debt or a copy of a judgment against the consumer and mail a copy to the debtor. Once a debt is disputed a debt collector is required to stop their collection efforts until the debt is in fact validated.

The best time to use debt validation letters is when the debt has been bought or sold. Oftentimes under these circumstances the creditors do not have any records of the debt because it was bought in a large portfolio of other debts.   But it's funny because when the debt is bought out you never receive that initial letter =(

How long does it take to get the Capital One secured card in the mail? 

Thank you all for responding, you all were very helpful =) 

I agree with you, I applied for a Credit Card and was denied all because of my annual income. The determination for the card had nothing to do with my credit score. 

That happened to me to. I was at a 536 yesterday and  now I'm at a 525 .

If your income is to low they will denie you , I had applied with capital one they said I was not approved. 4 days later I got a letter in the mail and it said I was denied because of low income. I applied 5 mos later when I got a raise and I got approved =)