05-27-2014 03:40 PM
Alright so this month I made it to the 700 club at 701 fico score and 726 transunion. 6 months ago I had like a small cli of 1250 now I am at 13750 cli which is pretty cool. I am stilling working to try to open up a business in my local community. I have applied for business loans and got denied due to my account being too new. the banker at wellsfargo told me that everything else looked good and that if I came back in 3 months I should get accepted for a loan of 20-30k.
still trying to find an installment loan. as of now I can't seem to find anything I need. my discover statements are telling me I need a non mortage installment loan to appear less risky if I want to conitnue to improve my credit line. I cant seem to confirm if leschwab has installment loans or not. Every store I called they don't need know what an installment loan is.
anyway how are people doing? how much has your score increased in the last 3 months same with cli?
Also who here has gotten a successful buisness loan?
05-27-2014 03:45 PM
05-27-2014 03:48 PM
05-27-2014 03:49 PM
05-27-2014 03:50 PM
I should probably make sure the loan is back by the gov since such loans would have less fee's?
If you're looking for a business loan, the SBA is a good place to start.
05-27-2014 04:00 PM
05-27-2014 04:02 PM
Wells Fargo is a fine bank, don't know about sbcd.
SBA was good to me many years ago...if they can't help you, they can point you in the right direction.
05-27-2014 04:07 PM
hold up where do you get info on predatory loans? and did you or someone you know experience such a thing? I figured out after the crash of 2008 predatory loans wouldn't exist as much. What do you consider a large amount?
lol, I'm talking about places like Beneficial, SpringLeaf, etc., etc. While some people may be able to get great rates there, I don't know of one person that has. You end up paying back almost double the loan. Large amount to me is anything greater than 5k. I say this because I was looking to get an unsecured loan about 6-8 months ago, but no one could do it. They all want it to be secured aka your title of your car, boat, etc.
05-27-2014 04:53 PM
05-29-2014 03:00 PM
who did you end up going with a non secured loan would be nice?
I didn't end up getting an unsecured. I had paid my loan off for my car about 2-3 months prior, and I just used my title to take a loan out on my car again.
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