couple of things based on my app and a few other friends. make sure your EQ is not frozen or it may add days onto the process as well as being shifted to another dept. my rec would be to only use chrome if you are on a pc, there is a bug in firefox that will cause an issue in the final acceptance phase. this is a PG LOC, I was not clear about the PG part and you will have to read and agree to such when you accept. based on results they somehow dig deep; old addresses, public record search, etc.
edit: you might have to prove ownership - I did
kind of hard to believe but I am not sure this is going to fully work for my needs. the min draw is $1k and as you can see you don't want to miss a payment with this guys. I don't want to get into my methodology here, for various reasons I dont usually keep much of a balance in checking and I do not use cash. my intention was to use the loc as an emergency fund as I dont have anything like this kind of instrument. I dont have an heloc anymore. this is why i have been posting about the nfcu cloc, I wanted something exactly like that but I did not want a new account reporting. plain & simple, I dont want or need any additional consumer credit, I have my system and its not the best but it works and I like my scores at 850. blame my mom for the vanity.
I wanted to use the baked in loc checking as auto-pay for all my cards but now it appears instead of using the min payment I will have set each card @ $1K to get the loc to fire, not even sure if all my cards would even allow an overpayment of this much - I was initially told a smaller sum would just round up to $1K but it was not clear this is the case so I let it ride. not really happy about that and i am trying to work with lending to come up with something, they seem to be a nice creative bunch and this product was just hatched in april 19 so I have not lost hope yet. a min of $ 100 would be ideal to me but I totally get from an admin side why they would not favor something like this.
these are not a bunch of sleezy car salesman type lenders like there are in this business. they are pros, I can just tell from the followup and emails. one has to have an account # and setup their portal to drill deeper into the organization to ask for adjustments. again, my hope is that they will rethink the $1k min draw and the reps I spoke with said it can happen as I am not the only one that did not like the min draw amount. very high end experence overall
pnc.com/businesslending -> also called the `fast funding' product
soft pull only -> they pulled my business EX
EQ only -> apparently used a vet out individuals during the online app, one must agree to a hp at the end of the app. I had a friend not get any pull and another got the biz pull like I did.
no ein needed for a sole-prop they asked for mine as well as asked for it during calls for ID purposes
