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CARMandP

Pleasantly Surprised :)

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I just went by the auto parts store to get parts (yes, working late again tonight) and hit my charge credit limit for the second time this month. I just looked at the numbers and I am already over for this year the total of what I did all of last year. Very excited about that one and thought I would share with those who would understand. I moved into a bigger building the last two months of last year so I had to make more but never anticpated this much.

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I just went by the auto parts store to get parts (yes, working late again tonight) and hit my charge credit limit for the second time this month. I just looked at the numbers and I am already over for this year the total of what I did all of last year. Very excited about that one and thought I would share with those who would understand. I moved into a bigger building the last two months of last year so I had to make more but never anticpated this much.

 

Congratulations! You have only just begun!

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Your parts store doesn't give open credit? Even when we were a new shop, we opened accounts with O'Reilly's and CarQuest. Need to

check on this.

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I have charge accounts with both auto parts stores in town but both with a limit.

 

JUst keep working and pushing the limit up. My credit limit with one vendor is up to $20,000.

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I just went by the auto parts store to get parts (yes, working late again tonight) and hit my charge credit limit for the second time this month. I just looked at the numbers and I am already over for this year the total of what I did all of last year. Very excited about that one and thought I would share with those who would understand. I moved into a bigger building the last two months of last year so I had to make more but never anticpated this much.

 

Congratulations! You expanded at the right time. This shows strenght in your business model. Aside from the move to a bigger facility, what do attribute the growth from?

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Our other vendors which are all high performance vendors are basically C.I.A. (cash in advance) with credit cards. I don't know why you have to fill out a credit app when we are paying with a credit card. The main problem with these vendors is they check your credit anyway and ding your credit score. Then, when you ask the credit cards for a higher line, they say we had too much checking of our credit. It is a vicious circle.

 

We were running out of credit line with the old credit card and had to up the line to 20K. But even at this line we are constantly paying down on the balance. Also, I occasionally put some items on my personal AMEX card. Lots of creative financing to increase cash flow.

 

I think i am going to ask Mr. Obama for a loan on Tea Party letterhead. :D

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