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?
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.
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.
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.
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.