I was hoping this wasn't going to happen. Please no generic answers I can find on YouTube or article. 
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Can I get a more in-depth advice/tips? Most of what you said I already knew. Sorry if it. Owns off as mean. I'm in a not a good state right now. I need solutions.
the goal is to buy a business. Subprime lenders aren't ideal. Is there avenues that actually worked that either bypasses or resolves while with a chargeoff? Or something unique that I haven't heard before?
7 years is too long if the goal is by summer . this issue I didn't have control over ruined all of my plans I had for the year. The goal is well over hundreds of thousands towards a million in funding. SBA I was told takes too long to approve but it maybe the route I need but don't know if getting either with 1 collection and chargeoff will work. I don't even know if paying it will be any better for a re-evaluation to see my situation.
@Quis wrote:Please no generic answers. I need solutions. Sorry to reply this but I can't learn from posts that tell me things I already can find on YouTube.
I understand subprime, partners, and all those things. I'm in need of some advice on what to do besides wait 7 years or find someone to delete. Like for example: what can I do to still get an SBA? Do I pay them down and increase chances to ask for reevaluation if not approved? Explain my situation. Did it work for the ones in my situation? Any avenues I've yet to eee that worked for someone in my situation?
it would help big time if I have something suited to the thread's topic please. I'm in huge need of some specific tips. Can't find anything on Reddit or YouTube, especially if I need to ask something very specific with someone who already has experience with business credit or had a similar situation as I to qualify what helped them. Something uniquely specific that could turn things around to do acquisitions.
please no more generics. Please lol. My OCD can't take it. Lol
If you want strangers on the internet to come up with a magic bullet solution to poor credit, you're going to be disappointed.
@Quis wrote:I'm learning to acquire a business and get business funding. But I have in my credit report a chargeoff (December) because I helped my mom get the car, but she was hit with predatory tactics to pay it back (eating up her monthly income with a payment plan too high per month on top of her current monthly payment with bridgecrest. I tried helping when I noticed this but lost my job at the time due to medical conditions making me pass out at work too often). Then the insurance (progressive) gave a collection on the last month of December (janurary Collection). But I was on the path to greatness with a clean 640 with only 3 missed payments.
But now I have 9 missed from the auto loan and a couple of 60s because of their multiple payments per month tactics...
avoided a repo by getting an agreement to pay it down but my mom didn't know or ask me about the pay for delete. Don't know if it's too late or such a company will ever.
im curious: will I still be able to get funding because I myself retained responsibility? Or am I punished for having a joint account? (the insurance wants to be petty and say it isn't a joint but personal).
My goal is to buy a business a d also acquire business funding and use business credit to help downpayment. And I know how to do it all with my studies. But credit is holding me back. And no I have no relative or friend to help out lol (tired of hearing that. Feels so fake and disconnect with reality with ppl say that. *sadface*)
Goal is to achieve this by summer. Before all this occurred my credit was a few bits away to 700. But now it's a few points to 600.
If your credit scores are 600 you probably will not be able to get good business credit.
You're not the first person that has no relatives or friends to help out.
So you'll have to do it on your own, the old fashioned way... sweat.
Or consider giving up on the idea for now. Starting a business without capital is more often than not a losing proposition.
