Posts Tagged ‘credit scores’
should I wait on applying for a loan?
I'm a 22 year old Business major who has almost everything in line to open my own business. I am in need however, of a small loan to purchase a few things. The question is, I also just got a new Credit Card, and I'm hesitant to apply for a loan so shortly after already adding to my ability to rack up debt. The CC is a personal card, and doesnt [...]
How Hard Would it be to get a Small Business Loan?
So let me give you a little background here. For starters, my twin and I have always been interested in running a business together most likely a restaurant or food service operation. I currently Have a Culinary Degree and a Hotel Restaurant Management Certification as well as around 5 years progressive work experience in the Back of house line [...]
How can we get funding to purchase a B&G business?
My fiance and I are attempting to buy-out a Bar & Grill business, but have horrible credit scores. He just lost his job on top of that, so we are looking to possibly purchase the business with a partner (or two). It's a popular business venture, and we already have all the paperwork to get going on funding. Throughout all our friends and [...]
Can I still Refinance If I'm Self Employed? I have an Option ARM mortgage and am afriad of rising rates!?
I JUST started my own business and bought a new house and between the two I'm kinda broke. Started the business about 6 months ago and I've been moved in here now for about 12 weeks now. I keep hearing that the mortgage companies that made stated income loans are all going out of business. I got a smart choice mortgage and a line of credit [...]
What are the best things to do in order to impact credit positively?
I am in the process of restoring my credit myself. Have been able to remove some items that did not belong to me. Now i am trying to put more positive points on my credits, in the shortest time possible. I've heard, getting CDs, credit cards etc helps with raising credit scores; and thats what i am doing, but wanted to get some other opinions ....
do you think we qualify for a construction loan, credit score wise? Please help!?
My husband and I have credit scores of 560 & 580 currently but we have a best buy credit card that shows that we have not made a payment in 9 months on our credit. I have talked to Best buy and they are in the process of fixing it because we had made every payment on time. Once (if) that is ever fixed then our credit should go up. We have 2 [...]
Business line of credit?
My husband and I own and operate a small business with aout 300,000.00 in sales each year. we have grown VERY quickly. We now need a small business line of credit or loan to obtain more equipment. We applied through bank of america. Our credit scores are not bad. They ranging from 640-715. They denied us for stupid reasons. (not having enough [...]
Difference between personal and small business credit?
Do credit bureaus differentiate between personal and small business credit scores? If so, does building up a small business credit score encompass the same practices as building personal credit? If one has a personal card with a particular creditor, then open a small business, would that creditor use any of their payment history/credit lines as [...]
Why credit scores of tenants much lower than credit card holders?
I read somewhere that credit scores of renters (real estate) tend to be around 520 to 630, while credit card holders or other financial credit customers much hight? is it because there is less risk for approving tenants to rent a real estate (commercial or regular), as oppose to someone who has trade lines with a financial institution (like [...]
Would you like answers to your real estate financing questions?
This is for commercial and residentail real estate. Renters can buy real estate. People with bad credit can buy real estate with little or no money down with me. People in chapter 13 bankruptcy can refinance out of it. People one day out of Chapter 7 bankruptcy can refinance or purchase real estate. I offer 100% financing on construction loans! I [...]
