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What do lenders look at in your credit report ??
Follow me for daily advice !!!!!
What do lenders consider when they look at your credit report? It's a simple question with a complicated answer, as there are no universal standards by which every lender judges potential borrowers.Of course, there are some items that will decrease your odds of approval just about everywhere. Looking at what makes up your FICO score (which most people think of as "my credit rating") is a good place to start. FICO scores range between 300 and 850, with anything 650 or above considered a good credit score. If your score is below 620, you will probably find it difficult to borrow money at favorable interest rates.1Key TakeawaysPayment history accounts for 35% of a borrower’s FICO score and is the most important factor for lenders. Large amounts of outstanding debt are another significant concern to lenders.A long track record of responsible credit use is good for your credit rating.Lenders want to see that their clients have experience using multiple sources of credit—from credit cards to car loans—in reliable ways.
When you need a line of credit, but your credit and income are not there.. for a line of credit in these times with the banks, do not panic !!!
All asset classes are consider for a Bridge loan, including owner-occupied and investor properties.
Every business ownerwill tell you there is no better debt financial instrument than a Lineof Credit. It's on standby when you need it and you only pay interestwhen it's being utilized. It also has a "No Pre-payment" penaltycomponent that term loans and Merchant Cash Advance/daily payment loansdon't offer.Banks offer Lines of Credit that are secured byassets such as cash, real estate, marketable securities and accountsreceivable. I have one private lender who offers an LOC secured byinvestment/commercial real estate collateral.For those business owners who don't have collateral, .Here are the advantages this unsecured Line of Credit offers
1. Get approved within an hour (this is real...have done this for clients multiple times}2. Next day access to draw down on their LOC3. Lender offers two options: monthly or weekly payments4. This is a "true" LOC...only pay interest on the funds you drawn down to use for your business5. LOC up to $250,0006. Soft credit inquiry...no reduction in credit scores due to a hard inquiry. Time in business: 1 yearApplication requirements: a simple 1 page app & your last 3 monthsof business bank statements...no Tax Returns or company Financials.Credit score: 600 minimum1.Deposit activity minimum: $20,000 per month in your business banking account.Available in all states except: NV ND SD2.Businesses not eligible: gambling, auto dealers, political campaigns,legal/illegal substances, adult entertainment, firearms, NFP'sLinda J Wintersteen 602 330 1598 firstname.lastname@example.org
When you need a line of credit but your fico score is not where it should be
Here is one solution for you, I have others I SPECIALIZE in lines of credit
business credit cards,
When you need a line of credit for your business, but your fico score is not there. Here is a solution for you
1 yr in business, $15,000 a month in sales/deposits fico 550 plus
602 330 1598 email@example.com
Nationwide lending co op with local offices throughout the U.S.
One program is offered by a Chicago based business associate I have known and trusted for decades
This is a Bridge Loan for Farmers who currently can’t tap into their traditional capital sources
Land with equity offering a 1st Lien position is the required collateral
Loan Amounts ranging from $500,000 to $5,000,000 (larger case by case)
Collateral: Productive cropland in the Midwestern U.S.
Up to 65% LTV - Up to 3 year Term - Interest Only – 7% to 9% per Annum
Great product for BOTH Farmers and their Lenders seeking to monetize an existing loan
25 year Investment Property Mortgage Broker & Business Funding Advisor.
LOAN / MONEY AVAILABLE TO LEND AT ELMER BASHARAT INVESTMENT COMPANY.The opportunity is here for you to get what you have been looking for, the development and growth of the economy depends on investment and all business/startup needs funding to expand. It is time to move forward and establish. Elmer Basharat investment company is out to help investors, enterpreneur, individuals and companies get the funding they need to establish. We invest on properties/business and also offer Start-up loans, Property/Business loans, Investment loans, Agricultural Loan, Rehab/Expansion loans, Personal loans, Educational Loans, Real estate loans, JV Capital/ Construction loans, Mobile home loan, Debt free loans, Equity/Refinance loans e.t.c to interested persons from any country with any credit rate. The services of brokers/investors is also needed who can work with us on assisting persons who need financial help. Have you been turned down by banks or lenders, Elmer Basharat company is here to assist you archieve your goal. If you are interested in a loan or need investor, do contact us through this email address and we are here to help you get what you firstname.lastname@example.org
I arrange ANY TYPE OF DIFFICULT Real Estate Loans--even IN or OUT of Bankruptcy.
If the loan makes sense, we will fund it.
*****Yes, you will get paid your fees*****
We are NOT in competition with you. We just want your loan.
Your client will be treated with respect and courtesy.
Don Baker 805 237 7908
California Private Lenders
Can you do funding for Technology Bitcoin equipment? I have clients that are looking from 6k up to $100k? Thanks
email me at email@example.com
For the gig worker, you now can get funding !!!
Super fast , by the time you finish the online app, you will have the funds in your acct !!! 7 minutes , from start to finish!!
No worry regarding your fico score, 3 months in business, and now YOU CAN USE YOUR PERSONAL BANK ACCT IN LIEU of a business bank acct !!!!
Great for sole owners, the crafters, the drivers, the work at home sales, etc
Linda Wintersteen 602 330 1598 firstname.lastname@example.org
or home based business gig workers etconly need $3,000 a month in salesfico score , not a issuecan use personal bank statements
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