credit card merchant account
What exactly happens after I report my credit card statement for fraud?
Question
Hi I am 19 years old and I own my own travel agency/local insurance company. and...?
I haven't built any personal credit. I am considering getting a merchant account, I heard that usually a merchant account increase your credit score by 30-40 points. Because I have been turned down for 3 credit cards, I will just get the merchant account and apply again 2 or 3 months later. Any ideas? I don't have a FICO score yet, and don't have any accounts except my checking account, that i just opened.
1 month ago - 2 answers
Best Answer
Chosen by Asker
If you owned your own insurance AGENCY, you wouldn't be referring to it as a COMPANY. I don't believe you. And you can't get a merchant account, if you can't back it up.
by mbrcatz
1 month ago
Asker's Rating: 
Other Answers
You own your own travel agency and insurance company (yeah right) and yet you have no personal credit? Unless your last name is Buffet or Gates I'm calling BS on this. Perhaps you should clarify with some truthful details.
by Gambit- 1 month ago