Scores all good. 767, 777, 748. 3% Debt to Credit. List of my credit lines at bottom. I need 75k to 100k.
First, are there any legitimate, non high risk ridiculous interest-rate, companies that will give personal loans for that amount? Most I see are $35,000, one or two at $40,000.
I could just take the highest personal loan that I have, then cash in on my credit cards and achieve that much. But that's going to cost me more interest than I would like to pay on my credit cards.
I'm getting ready to refinance my house and can do cash out, but depending on the appraisal, I don't believe I'm going to be able to get that much. Plus I would like to keep the two separate. I want to keep my mortgage payment as low as possible in case anything were to happen.
The problem is the inquiries. I have too many to begin with and even though my scores are good I can't afford to get hit too many times.
Knowing this, the refinancing with cash out along with a personal loan may be the best way to go. But my scores will drop with the refinancing and then a personal loan may or may not be available so soon after the new mortgage.
The perfect situation for me, is to refinance my home and get a low payment, then just take a separate one for as much money as in need, but again, applying for them both at the same time could raise flags.
I will be using the money to re-launch an old business I closed down. The business still has an impeccable credit rating of its own. D&B Rated high. So a business loan is not out of the question, but I'm going to hate all of the hassles involved because seeing as it hasn't been operating for a couple of years, supplying tax returns and such is going to be impossible and that's what's going to be the issues there.
So I'm in a rock and a hard place trying to decide which way to go. Keep it all personal, try to go to the business route, or combination of all while minimizing inquiries and activity.
Even though the business doesn't have any tax returns, my personal tax returns are great and they show a lot of income from capital gains which is what I live off of from another business that I sold prior.
All of my credit both business and personal is pristine right now and I want to keep it like that. I feel like I have ONE pull of the trigger and then from there it's going to go all downhill so I want to make sure the first time I pull the trigger, the bullet is well placed and goes to the correct target
I'm considering so-fi as they seem to be the only company willing to go up that high on a loan, but with the refinance comimg in the next few days, I don't know which company to let pull my credit first
First, are there any legitimate, non high risk ridiculous interest-rate, companies that will give personal loans for that amount? Most I see are $35,000, one or two at $40,000.
I could just take the highest personal loan that I have, then cash in on my credit cards and achieve that much. But that's going to cost me more interest than I would like to pay on my credit cards.
I'm getting ready to refinance my house and can do cash out, but depending on the appraisal, I don't believe I'm going to be able to get that much. Plus I would like to keep the two separate. I want to keep my mortgage payment as low as possible in case anything were to happen.
The problem is the inquiries. I have too many to begin with and even though my scores are good I can't afford to get hit too many times.
Knowing this, the refinancing with cash out along with a personal loan may be the best way to go. But my scores will drop with the refinancing and then a personal loan may or may not be available so soon after the new mortgage.
The perfect situation for me, is to refinance my home and get a low payment, then just take a separate one for as much money as in need, but again, applying for them both at the same time could raise flags.
I will be using the money to re-launch an old business I closed down. The business still has an impeccable credit rating of its own. D&B Rated high. So a business loan is not out of the question, but I'm going to hate all of the hassles involved because seeing as it hasn't been operating for a couple of years, supplying tax returns and such is going to be impossible and that's what's going to be the issues there.
So I'm in a rock and a hard place trying to decide which way to go. Keep it all personal, try to go to the business route, or combination of all while minimizing inquiries and activity.
Even though the business doesn't have any tax returns, my personal tax returns are great and they show a lot of income from capital gains which is what I live off of from another business that I sold prior.
All of my credit both business and personal is pristine right now and I want to keep it like that. I feel like I have ONE pull of the trigger and then from there it's going to go all downhill so I want to make sure the first time I pull the trigger, the bullet is well placed and goes to the correct target
I'm considering so-fi as they seem to be the only company willing to go up that high on a loan, but with the refinance comimg in the next few days, I don't know which company to let pull my credit first
My DRI is good. No issue there. Maybe I'm spoiled but I took out a 25K personal loan with Marcus 6 months ago and the process was smooth as soft butter.
Website application, received a phone call 5 minutes later and was asked a couple questions. He said I would get a response shortly. 5 mins later an email said I was approved. 5 minutes after that, an email saying the money was on the way. 48 hours later the money was in my account
Had the same scores as I have now. So to say I'm expecting the same results goes without saying. However I wouldn't be shocked if they at LEAST asked me to verify income. Marcus did not.
I wrote previously that Marcus was an absolutely fantastic and simple company to deal with and I give them as many kudos as I can muster
But because I need so much more money, I do not expect the process to be that simple. Unless I decide to do another small personal loan and combine it with other sources.
Of course I was also hoping, but not holding my breath, that someone here had first-hand experience with companies that went that high with nonsecured amounts.
Companies maybe "off the grid" as they say and not as advertised as all the usual ones
Website application, received a phone call 5 minutes later and was asked a couple questions. He said I would get a response shortly. 5 mins later an email said I was approved. 5 minutes after that, an email saying the money was on the way. 48 hours later the money was in my account
Had the same scores as I have now. So to say I'm expecting the same results goes without saying. However I wouldn't be shocked if they at LEAST asked me to verify income. Marcus did not.
I wrote previously that Marcus was an absolutely fantastic and simple company to deal with and I give them as many kudos as I can muster
But because I need so much more money, I do not expect the process to be that simple. Unless I decide to do another small personal loan and combine it with other sources.
Of course I was also hoping, but not holding my breath, that someone here had first-hand experience with companies that went that high with nonsecured amounts.
Companies maybe "off the grid" as they say and not as advertised as all the usual ones
Just out of curiosity, don't the debt consolidation companies go a lot higher and they are unsecured right?
Of course I don't need one but my point is, don't they go to much larger amounts then the personal loans do? Just because I don't need one doesn't mean I can't take one out for that purpose
Of course I don't need one but my point is, don't they go to much larger amounts then the personal loans do? Just because I don't need one doesn't mean I can't take one out for that purpose
