Summary
Improve your credit card approvals with these tricks!
Market Movers
No market movers this week..
π Deep Dive π
Think you need more credit cards? THINK AGAIN!
Your average credit age could be sabotaging your business funding opportunities! π¨
The Credit Age Trap: -With 3 cards (8, 6, and 4 years old) = 6-year average β -Add 3 new cards = 3-year average π -You just HALVED your credit worthiness to lenders!
What Banks Want:
Under 2 years: Too risky for serious funding 2-4 years: Moderate approvals with limits 4+ years: Prime territory for major funding
Quick Fixes:
-Stop opening unnecessary new cards -Purchase aged authorized user tradelines (10+ years) -NEVER close your oldest accounts -Space out new applications
Remember: Banks check your PERSONAL credit before approving $50K-$100K in business funding. Protect your credit age to unlock those high-limit opportunities!