What is Credit Card Stacking

5 years ago wizard

I was introduced to this method of obtaining funding by my partner Ed Lachowicz. I took some brief notes.

Build profile into the 700s
Work with 30 business banks
Can get 4 to 10 times the EIN business credit compared to personal credit
Using software, Would load your applicant info into 9 banks and do an application and check personal credit but upon approval would report to business profile only
30k per credit card, get 5 cards, that’s 150k. Low interest credit cards
Do not activate online, then try take significant cash advance then they will cancel card.
Get card in mail. Call the bank. Activate. Then tell them you plan to get cash advance and what bank. Then bank calls before. 27k loan interest free for a year.
Then can pay down personal credit down.
Then use D&B number to report to D&B now you have 5 strong tradelines to EIN