Hey all,
I'm a small business owner who is throwing a lot of his debt onto some personal cards. (Just can't be helped right now)
I have had a 730+ score for a while but with my balances creeping up (util 30%) ive been thinking about doing a consolidation. Unfortunately thursday, Chase cut one of my limits by 16K and now I'm afraid with the current balances, and a decrease, I'm going to hit 40+ util. I've already dipped to 718 and would like to get a consolidation loan asap to cover my butt and protect my score.
Do all loan cos pull all 3 bureaus or is there one that will do just experian? (My best, equifax my lowest, which DCU uses.)
I would want to turn around approval on this asap, so speed of approval, credit reqs etc, all are important to me. I'd be doing probably at least 50-75K.
Any help?
Thanks!
I have no idea. DCU (my CU) denied me.
I am trying sofi now at 50K they preapproved me for that. we'll see
Update:
Sofi kicks butt!
I was preapproved that day, they asked me for a picture of my license the next day, I was approved the day after that, and I've been funded this morning: 50K deposited to my account.
FYI: I will find out why chase slashed my limit, and keep you guys up to date on if i get it restored after i consolidate all the revolving credit.
literally nothing else. just my photo id.
no POI, no tax returns, no nothing. I really do have a strong credit profile, which is why I'm amazed chase slashed me.
DCU simply couldn't PERSONALLY loan me any more, I have multiple cars and a 35K credit card. I hit their exposure limit.
