#1 Trick to Get Business Credit Cards WITHOUT a Business
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- Опубликовано: 4 фев 2025
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Business credit cards have some major advantages, and a lot more people may be eligible to get them than you might think! Let’s cover some Q&As…
Q: Can you get a business credit card if you don’t have a Corporation, LLC, etc.?
A: Yes! You can apply as an individual (“sole proprietor”).
Q: Can you get a business credit card if you don’t have an EIN?
A: Yes! You can use your SSN instead.
Q: Can you get a business credit card without owning a business?
A: Yes! If you earn money independently from your day job, you may qualify.
Q: Can you get a business credit card if you haven’t made any money yet?
A: It’s possible! Some banks may give an approval even if you’re pre-revenue.
There are also some huge advantages to getting business credit cards. Some of them include:
1. Obtain more welcome offers. Getting credit card signup bonuses are a fast way to get a lot of points, miles, or cash back quickly, and business credit cards often have their own offers (many of which are higher than personal credit cards).
2. Build strong credit card strategies. Some business credit cards earn rewards in categories not covered by most personal credit cards (examples: utilities, advertising, office supply stores, and more). Even better, some of the Chase Ink business credit cards and Amex business credit cards earn the same type of rewards as some of the personal credit cards, so you can combine your points! Examples of these combinable points include Chase Ultimate Rewards, Amex Membership Rewards, and Capital One Venture miles.
3. Separate business from personal expenses
4. Obtain “invisible credit” (i.e., most business credit cards do not appear on your personal credit report). So, they won’t affect your credit score in terms of utilization or the age of the account. They also won’t affect the Chase 5/24 Rule.
Just be aware that most small business credit cards still pull your personal credit.
Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, Biltrewards.com and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #businesscredit #smallbusiness
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Tried your system. Even got an EIN. Got rejected after 20 seconds with the Chase Ink Business Cash.Could have gotten denied all by myself without your help, thank you very much. I really thought you were onto something here, But now I've got another hard pull on my credit Why are you recommending this to people when the creditor bases their decision on personal credit, and not this? Just cause you have perfect credit, please. DO NOT recommend this to those like me teetering on a 588 cr.score.
@@Nestop50-z2p - This video is not about guaranteeing an approval. Rather, it's about putting the odds more in your favor and how to apply without having an LLC, corporation, etc.. Sorry to hear about your denial. Score requirements are not published by the banks, but I'd personally want to have a 700+. That said, it may be possible to get approved with lower scores, but there isn't a way to guarantee any outcome. Credit decisions go well beyond the score alone.
Remember folks, do not forget, you've got to have great personal credit to receive any business credit. A lot of gurus forget to mention that.
Correct. See 15:20 in the video.
Wish I knew that before I applied. Thanks
Wish that was said 1st cause no need to listen to full vid if you have bad credit, but thanks away for the info
quite informative.
This is incorrect information. If you build your business credit organically you can do it without a personal guarantee. It takes time.
Hey Mark, been here since 500 subs. So happy you respond to everyone and glad to see your growth. Excited to see play button soon.
I hugely appreciate your support, Ayush! 🥇 More great videos to come...
Excited to join the community and network. ENJOI using credit. While doing business. To earn extra income. To scale our business.
Followed your lead and was approved for $20,000! Thank you:)
Fantastic, congrats on the $20K!
lol not me already planning to Apply for this exact card and he posts a video right before to help me out 🎉
Good luck on the application!
Hey RUclips algorithm Mark is the goat of credit card videos and you should recommend his videos to everyone🙌🏽❤️👍🏽👍🏽
Thanks Chris! 😁👊
Yeah recommended it to everyone that doesn't have a job, it's not like you have to pay it back with interest.. Right 🤣
It’s great that we DON’T need an LLC or even an EIN to get approved for business credit cards 💯
Sure is!
But you do have to have really good personal credit
I was confused. a lot off people keeps saying you need a EIN or a LLC register address phone number. But there’s a lot of people that work from home
@simonerankine3617 ok ...but one usually gets a business credit card when they own the business. There are a lot of people who work from home but that doesn't mean they own their own business...it juat means they work at home. If you own a business that is when you get an LLC or EIN number. Working from home has nothing at all to do with this.
Does it report to personal credit bureaus
I set up a lemonade stand, at the park. Now I have a business
💯🍋
Literally, you do!
Hilarious 😂
I’m going to build my personal score up before applying for Chase.
Make it happen! 💯
Great content Mark. Question is does it go against your own credit? Hard inquiry on your report? If yes and i am in the process of starting my own company do i wait so i dont have hard inquiry? Also what business cards would u suggest if cant show income in new business? Any advice would be greatly appreciated. Thank you
1. Yes. Small business credit cards will pull your personal credit and therefore leave a hard inquiry.
2. I don't have data to suggest which cards are easier than others based on no current revenue. In general, I've found Amex to be easiest to work with for new businesses.
Definitely will get into Business cards soon but not right now.
💯👍
Will these report to personal credit if applied as a sole proprietor?
None of the business cards from the following issuers will report to your personal credit if you apply as a sole prop:
- Chase
- Citi
- Amex
- Barclays
- U.S. Bank
- Bank of America
Great video. I used it to invest in multifamily real estate apartments.
Thank you very much for sharing 🤗🥰
You're welcome!
Thank you Mark! Very valuable info.
You're welcome!
Awesome information.
Thanks!
You're welcome!
You sir are awesome. This is the video I was looking for. You had all the answers to my questions. Fantastic job!!! 🙌
Thanks, glad to help!
Majority people have bad credit from covid days
hi, I have an upcoming 3 to 4 month hotel stays later this year & I am choosing which hotel cards to pick, there are Hyatt, Hilton, Marriott and Crowne Plaza in the area.. also I can get the Chase WOH, Hilton Surpass & Aspire, Bonvoy Brilliant & Bonvoy Business & Chase IHG Premier.. out of the Hyatt Globalist, Hilton Diamond, Marriott Titanium or Diamond, IHG Platinum or Diamond... which is worth spending $30k or more? my family will join me as well so breakfast (and maybe club lounge access) for 4 is an important factor, thanks
I can't tell you what you should value. All I can say is that many people in this game strongly prefer WoH Globalist, and for a good reason (the benefits are incredible). However, Hyatt's footprint is tiny. So, if they don't have properties in the areas you want to go, then it won't matter.
Thank you for this. Could you do AMEX too😃
I've got a bunch of "Watch Me Apply" videos with Amex business credit cards. Just search "Mark Reese Watch Me Apply" on RUclips and you'll see them.
Here are 3 of them...
HH Business: ruclips.net/video/a2KQq9ClvRI/видео.html
Blue Business Cash: ruclips.net/video/19CE600Z9Xg/видео.html
Blue Business Plus: ruclips.net/video/CbKkgTmjtRM/видео.html
Anyone with the Amex Platinum already kind of owns a small business, in the crazy coupon lady sense.
😂
Which business credit card would you get if you have 730-750 credit score, have around 130K annual income and are wanting to start a sole prop but need around $7-8K to legitimize the business and pay for the certification trainings?
Or would you get multiple cards to spread out that initial $7-8K?
If you apply for a business card but use it for personal use and pay it off from personal funds, is that legal or can that create an issue with the IRS?
Per my understanding, there's no legal issue from a government perspective. It's only a violation of the cardmember agreement. And for those who have legal structures (LLC, etc.), adding personal expenses can "pierce the corporate veil" and be a problem if a lawsuit were to occur. All that said, I don't give legal advice, so best to consult with an expert in the matter.
How many of these cards require a personal guarantee? Not a good idea! Because, if you’re borrowing money for your business using a credit card that says you’re personally guaranteeing the debt, that means if your business can’t pay back the money it borrowed, you are responsible for paying it back with your own personal money. So, even if the business fails, you're still on the hook for the debt.
All of them do, which is the case for many small business credit cards.
Great info. I just signed up!
Do you need an account with the banks
No. It could help with an approval, especially with Bank of America and U.S. Bank, but not required.
Thanks for the useful information!!
You're welcome!
Valuable information thanks
You bet 👍
Can i do this as a 1099 truck driver?
Yes.
so what if I have an ein but not physical business Do I use ein as sole proprietorship.
That's more of a legal question for how your business is set up and run. I can't comment on that. I'd probably use the same tax ID (that is, EIN or SSN) that I used to open a business checking account.
Can you use gross income PROJECTIONS?
Read the terms on the application. If it says anything related to estimating how much you can reasonably expect to make in a year, then yes.
This is the question I was looking for. Thanks.
Great video , one question , my LLC name is different from my name any problem to apply ?
No problem at all, in fact, that's expected. This video only demonstrated applying as a sole proprietor, which is why the name was identical.
Question I find myself the owner of 6 LLCs that didn't actually start the way I wanted it to bar in good standing
1. Mobile bakery
2. Power washing
3. Credit consulting
4. Debt purchasing
5. Micro credit lending
6. Homeless support service
Your recommendation for est. business credit? 🤔
Recommendation for...? A business card? For which business?
Yes
All of them!
Personal credit score is 720 thus far
5 accounts will be used for funding using the issued credit from each bank.
And with the credit lending business, I'm going full time.
Doable?🤔
@@CERBERUS-gv6tn - If funding is the purpose, then you'd likely want to focus on 0% APR. Look into the Amex Blue Business Plus. Here's my affiliate link to learn more about it (scroll down, it's currently the 8th card on the list): markscreditcards.com/businesscards
Be sure to take a calculated approach to funding a business via credit cards (i.e. have a sound plan for revenue generation).
Approved!!
Congrats!
Hey Mark me and my wife we are starting a business we don’t need too much . What is the best approach to a business loan I guess
Hi Daniel - I haven't applied for a business loan, so that's not something I can comment on at this time.
What about sports officials (referees) ?
It all depends on how they're paid. If they're 1099 contractors earning income outside of a standard W-2 employment situation, then that should qualify.
So if you product change from the Boundless to the Ritz Carlton Card. You would need to wait 1 or 2 years to readd the Boundless? Also would you be entitled to a welcome bonus again for the Boundless?
Not sure. If you have the Ritz-Carlton Credit Card, you can apply for the Bonvoy Boundless and get the bonus offer. What I don't know is if Chase keeps track of the original clock / timeframe from the first Bonvoy Boundless to the Ritz then back to Boundless. I would assume they do, so I'd personally do this:
- Open Bonvoy Boundless
- Wait 12+ months
- Upgrade to Ritz
- Wait 12+ months
- Apply for Boundless
I can't guarantee this works though as I haven't tried it.
@@MarkReese Good stuff! I have had the Boundless for many years, but not sure to get the Ritz Carlton Card. I like the elite night for every $5000.00 you spend with the Boundless. Also have the Brilliant.
I bank with Chase so it would be really odd for me to all of a sudden apply for a business card and all I make each month is $1100🤦🏾♀️
Having revenue and an existing relationship could work in your favor. I cannot guarantee any outcome, however.
HOW much credit can you get? can you pay a down payment for a second house?
There's no maximum limit that applies to everyone across all cards. It depends on things like credit score, income, revenue, and other factors. I'm not aware of lenders that will accept down payments on a credit card.
I don’t know about houses… but my credit score is low and I just got approved for another car and I have a current car loan
What sort of income verification or documentation do the banks usually require?
Credit score requirements aren't published. In my experience, documentation is rarely requested (more commonly from Barclays and U.S. Bank). If so, they may want to see proof of address and proof of business (e.g. Certificate of Filing or Articles of Incorporation).
Great content, subscribed
Much appreciated! 🥇
Is there any differences between choosing EIN and SSN for Tax ID type? for example any drawbacks in personal taxation or higher risk of application denial
I don't have data to suggest an answer to that.
Do they give you instant approval or is it usually take time to approve. Im worried i applied but said under review 😢
It varies widely. Under review simply means their computer system could not arrive at an immediate decision and an underwriter needs to review the application manually.
@@MarkReese ahh thank you! I've been doing Instacart, door dash, spark, flex etc. for years had no idea I could open a business account. Diving deep into the channel to find more information!
Hi Mark, this quests not related to the video. I got the Caesar diamond status by watching your video and now the Caesar diamond only match to MGM pearl. With your expertise and knowledge, is there other way to get MGM gold by matching Wyndham diamond to other status?
Not that I'm aware of.
Keep up the great work!
Thanks, will do!
Does this pull from your personal credit?
Yes, see 15:37 in the video.
Hey Mark, Is it true that Chase business credit cards that are opened using your personal SSN are considered personal credit cards for the purposes of the 5/24 rule? I’m seeing some reports of this online.
Unless something changed just recently, then no, that's never been the case. I have 5 Chase business cards obtained via SSN and none of them appear on my personal credit report, therefore, they cannot count towards 5/24.
is the spend audited?
In my experience, no.
What spend would qualify to receive the sign-up bonus on a business credit card? Would it need to be spending for the business or could it be my every day spend that would qualify me to get the sign up bonus on a business credit card?
Per the card agreement, the card is only to be used for business expenses. However, people have also put personal expenses on business cards without an issue as there isn't a way for a bank to know the purpose of a purchase. That said, putting personal expenses on a business card is not something I encourage people to do.
Will I receive a hard inquiry when I apply for this card?
Yes. A possible exception is if you already have a card relationship with Amex, then they may do a soft pull for additional cards you get with them. It's not guaranteed, though.
When You use your SSN, do they report to your personal credit or no? That's kinda weird. I got two B.C.C and they don't report to my personal cuz I applied for them using my EIN and personal guaranteeing them. But using just your SSN, I don't know about that. Will they report your balance and payments to your personal credit score or no? Thanks.
No. Whether using an SSN or EIN, most small business credit cards from most major banks do not report to your personal credit report.
Actually the lowest 4 digit number I can think of is 0000
Do you have to have a business bank account in order to get a business credit card?
With many of the big national banks, no you don't.
They do a hard pull on your personal credit?
Yes.
Does chase offer monthly payments on the chase ink business card ?
Are you referring to the ability to pay less than the full amount due & carry a balance with interest? If so, then these 3 do:
- Ink Cash
- Ink Unlimited
- Ink Preferred
@ I don’t have a business but I’m trying to plan something within the next few months but I want to transfer my 3 credit card balances to the chase ink business card to take advantage of the 0% Apr and n balances and transfers to hide my utilization. Chase pulls Experian ? I’m in Texas . Also what is minimum credit limit on a chase ink card and do they only report on the business side and not personal credit?
@@anthonysmith3094 - See answers below.
1. That wouldn't work with the current offers. Currently, both the Ink Cash & Ink Unlimited offer 0% APR on new purchases only, not balance transfers.
2. Chase can pull different bureaus based on location, and even that can vary within the same state. Chase sometimes pulls 2 bureaus.
3. I don't know what the minimum line Chase gives on its Ink cards.
4. Yes, Chase only reports on the business side provided the account is not delinquent.
Hey Mark, if you close your LLC what happens to the business credit cards under that llc. Also how strict is chase for business apps?
Frankly, I'm not sure. I've seen data points from others that their cards kept working (likely because they're still linked to the individuals via SSN, which was entered on the application).
I personally would close the card(s) for a dissolved LLC.
However, I'd also call the bank & ask directly, since again, I'm not 100% sure. I've not gone through that experience.
You could also ask the bank if they can switch the EIN # to a new business or to your SSN as a Sole Prop.
I also don't have a way of rating Chase's strictness, so I can't comment on that either.
@@MarkReese I'm at 8/24 and really want to get that Hyatt business card before next year. I've heard mixed things about if it matters anymore for chase business cards
Different banks do it differently. Some don't check but who knows for how long.
Hi Jeffrey, thank you for your helpful video. I was hoping to get a business credit card for a one year old S corp (with an ein) that I have not (yet) earned any revenue with. Is it possible to do this with OUT using my personal info like my SS# and home address, but only using the business address.
Hi Victor - I'm not aware of any small business credit cards issued by the largest U.S. banks that accept applications without an SSN since a personal guarantee is required. You may want to look into a separate class of cards (e.g. corporate cards) rather than small business.
Im applying for business cards else where so I can meet chases 5/24 criteria
if i was under %30 personal and %50 business and was about to apply for more biz cc's would all your remainder cash towards paying down personal or biz before you applied if you had to pick and why ?
I wouldn't apply for more cards until all personal and all business were paid off since I'm advocate of becoming debt free. However, I'd pay off personal cards first because those would be hurting my credit score.
I applied for a personal card on 7/28 which put me at 5 24 but hasnt hit my account yet on 8/29 can I apply for the business account as long it doesnt hit my account?
Definitely possible! Chase can only count the cards that appear on your report against you.
I am an uber eats driver what to chosse in the business info
One option could be the following (using Chase's application as an example)...
Business Category = "Transportation: Air, Ground, Pipeline, Rail, Water, Tourism, Support"
Business Type = "Taxi and Limousine Service"
Business Sub-Type = "Taxi and Ridesharing Services
Unless you can find something better, that's probably what I'd do since it ends up leading to including "Ridesharing," which is closely related.
I charged my online curriculum course on my personal credit card. Could I have it transferred to my business credit card?
No, you cannot move a transaction from one card to another.
can u make this guide for the bank of america cards, its a bit different.
Thanks for the suggestion, but that's not a video I intend to make at this time. I've made other videos of my applying for Bank of America business credit cards.
Here's 1: ruclips.net/video/9FT52dOwyWM/видео.html
Here's another: ruclips.net/video/jfi3OZEeuns/видео.html
Isent Identity theft is when any Company without Permissible purpose, to sale or use your information about you?
www.usa.gov/identity-theft
I am going to try with Chase. I am a sole prop and have an ein number, but it needs to be updated with current address, etc. What documents would Chase need to see if you are trying to get a business card?
I haven't been asked to provide any documentation for Chase business credit cards over the years.
Thanks for the video and information! I have a question; perhaps, you can help. I hoping to create a business credit building company so that I can help people around my local community build business credit. Wondering if you know anyone in the industry who can help?
I don't. Good luck though!
No biz checking or savings required?? 😲
Nope!
Point or benefits of a business card?
Keep business expenses separate.
Many business cards do not report to your personal credit report (major benefit).
Get access to additional reward multipliers and/or benefits that most personal cards do not offer, accelerating your reward earning rate.
@@MarkReese ya I understand that,, I mean if you don’t have a business. What would be point of business cc?
@@jeremy8829 - Welcome offers, point multipliers, and the fact that they don't report to your personal profile.
So essentially you can enter a name that you call your business on this application? Also the credit will not show on your personal card?
You can apply with your name instead of a business name. With many small business credit cards, the account will not appear on your personal report.
What if it’s a Trust?
That's not something I'm able to comment on. Call the bank to ask directly.
Great info 👍
Thanks! Approved for 7k
Congrats!
I tried it and didn’t work
What didn't work?
@@MarkReese what you said . And it didn’t work to get a business credit card
@@MarkReese I just got an hard inquiry t9 my credit score now
@@miguelfranco6096 - The video is not called "How to get a guaranteed approval." It's about a trick to help you get business cards without a formal LLC, corporation, etc. And yes, small business credit cards nearly always pull your personal credit, resulting in a hard inquiry.
So far, you were denied by the computer system. So consider calling the bank's reconsideration line to speak with a live agent & ask if the decision can be turned around.
This will report to your personal credit since you put your SSN right?
No. Small business credit cards from many of the major banks - including Chase, Amex, Citi, and others - do not report to your personal credit file.
@@MarkReesei could get these cards even if i dont have a checking account open with them but with a credit union bank
@@supreme_john1745 - Yes. You don't need a checking account open to get most small business cards.
Thank you!🙂
You're welcome!
So is this will give me a ding on my personal credit report?
In nearly all situations, yes.
Pardon my ignorance. But by not having a business and putting regular spends on business cards isnt that bad? Great video my guy, new sub inbound
Using business credit cards for personal expenses violates the cardmember agreement.
Have people done it? Yes.
Do banks know if your restaurant / utility / flight purchase was for business or personal use? No.
Do I encourage people to use business cards for personal use? No.
However, everyone can choose to make their own decisions.
@@MarkReese ah i see, thanks for the info!
Do they pull your personal credit it your don’t use EIN
@@davemTX2023 - Your personal credit will be pulled no matter what.
good tips
What credit score do you have to have. Its all based off of your credit score
Credit score requirements are not published. And no, it's not all based off your score.
@@MarkReese well I know for Chase it has to be higher than a 640. I applied and got denied
@@topoftheworld4535 - Perhaps, but a single data point isn't revelatory. I've seen data points of people with 800+ scores get denied for credit cards. Score is not everything.
@@MarkReese the only thing I've been able to get thus far is a secured credit card. I'm beginning to think its impossible for me to obtain any kind of unsecured credit card. God bless the people it does work for
Does 5-24 matter?
Yes. For Chase business cards, you need to be under 5/24 to get approved, but if you get approved, then your 5/24 count will not increase.
it seems like you need good credit to do this according to the links
Yes. Bad credit scores will usually result in a denial.
@@MarkReese ..yea...
Yes it will show up on your personal credit your using your ssn
What are you referring to by "it"? The hard inquiry? The newly opened account?
@@MarkReese your using your ssn so ANYTHING YOU DO IS CONNECTED TO IT.. the whole purpose of an llc or anything using and EIN IS NOT CONNECTED TO YOUR SSN ..EXCEPT WHEN YOU OPEN A BUSINESS ACCOUNT AT A BANK AND THEY HAVE TO USE YOUR ssn for your initial loan if one decides… and how are u gonna use the credit card ? If you have no business using legally can’t use the card for personal use. I’ll educate you a lil more…. U can’t use a business debit card to draw yourself cash!! It’s illegal the only way is to write yourself a business check and cash it. Anyone that connects their house , personal phone, personal bank account etc.. should not even have a rhetorical a business card or credit or anything
Are we going to get flag by using the business credit card on everyday use ?
Very unlikely. The bank has no way of knowing if that plane ticket, restaurant meal, or miscellaneous purchase was for business or personal use.
However, using a business card for personal purchases is a violation of the card agreement.
That said, do people do it? Yes.
Is it a behavior I encourage people to do? No.
Everyone can make their own decisions though.
Do not co mingle funds.
So, to get a business cc you DO need a "business".....acting like you don't need to have anything and can get approved. Relax with the click bait.
Yes, you "need" a "business" per the card agreement. However, are there data points of consumers with truly no business & exclusively have W2 income who got approved for business credit cards? Yes. Does that mean lying on the application? Yes. Is that something I encourage others to do? No. I simply say this because business card approvals are possible nonetheless.
Yes, like all things in commerce, you need a business that everyone already has but keep calling it "personal".
Facts. You Made Him Explain His Lie Encouraging People To Create Problems For Themselves.
Doesn't mean a thing if you have jacked up credit!!
Correct. Although score requirements are not published by the banks, a good to excellent score will likely be required.
Definitely, keeping this video in the file collection Reese Man
🏆🎬
Very informative and helpful!!! Thank you so much!!! Always great content!!! 🎉🤙🏽👏🏽
Glad you found the information beneficial!
GRACIAS MARK LIKE YOUR VIDEOS ALL WAYS
Thank you!
And I just got turned down, that's nice, but I don't I just continually live the dream.
Bummer. Did you find out the reason why?
His backdoor is wide open
Can I get personal help?
I don't work with people 1-on-1 at this time.
Wish that was said 1st cause no need to listen to full vid if you have bad credit, but thanks away for the info
👍
What if all your income is self-employed 1099
Fill out the application in a way that represents that 💯👍
Thank you
Of course!
Thank you for all the information. I learned so much from your Chanel and I have a question, to apply as a sol proprietorship do I have to have a business account and if not do you recommend someone to open a business account before applying? Thank you so much for clarifying and in the next few months I will apply for few account and I would love to use your referral.
Thank you and a good beginning of the week
No, having a business bank is not required prior to applying. It may help with some banks, but I don't have any data to back that up.
What credit score is required????
Unfortunately, the score requirements aren't published by the banks.
What about chase 5/24 will applying for a chase business card effect the 5/24 rule?
No. For Chase business cards, you need to be below 5/24 to apply & get approved, but if approved, your 5/24 count will not change.
Example: You're at 4/24, get approved for a Chase Ink card, and remain 4/24 after.
Nice! When acquiring a business card using your social like this, will it show up on your personal credit report?
With most cards from most of the big banks, no.
I just grabbed a GM Business Rewards card making it make 6th business card! ✊
Congrats!
Awesome content!!
Thanks!
Immediately NOT approved.😢 So discouraging. Oh well, I’ll throw out that 15 USC 1691a which shows that it is unlawful to deny anyone credit, and is an adverse action.👌🏽💡
Did you find out the reason(s) for the denial?
I wonder if that works for businesses or just for individuals.
ECOA states that lenders must state the given reason for credit denial, not that it is illegal to deny credit.
@@burmy1552ECOA is discriminatory…..15 usc 1691a is different (TILA/cannot be denied)