That bases their loans on the TransUnion credit scores? Of the three credit scores I have TransUnion is the best. It is higher than Experian and Equifax. I am trying to get a loan to start a small business and I'm having problems. I have already been to Prosper.com and they have their own system of scoring. When they got through they had my Experian score(which is the one they use) down to 520. That's crazy! They were pretty much a last resort for me but then I realized my TransUnion score is 700.
I am getting the feeling that not many lenders use that one though. HELP!
2007-03-08 06:36:13 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
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2007-03-08 14:16:10 · answer #1 · answered by Kid Velveteen 2 · 0⤊ 0⤋
I would question why the scores are so different and clear your credit reports first before applying for a loan again.
Regarding a business loan, have you tried the www.SBA.gov?
2007-03-13 14:31:14 · answer #2 · answered by annazzz1966 6 · 0⤊ 0⤋