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I am also in the process of starting my own business, not looking for a handout, but a hand up. I have worked at the same company for 10+ years with over 30 years experience in my field. Not getting anywhere trying to find a lender, any suggestions??

2007-06-16 05:16:41 · 5 answers · asked by Anonymous in Business & Finance Personal Finance

5 answers

First off every time you apply for credit your FICO score goes down 5-7 points , my guess is the debt is credit cards, if maxed out that also reduces your score, all in all your credit to debt ratio must be too high adding more debt will lower your score. Instead pay your bills on time, reduce you credit cards to 30% of the limit, do not close them if aid off again your credit to debt ration will decrease. Work on improving your score and you should have no problem getting a loan for a house and or business

2007-06-16 05:32:28 · answer #1 · answered by Pengy 7 · 0 0

you may pay off all debt until now thinking approximately procuring a house. in case you get $10000 in tax returns you may merely wipe it out. That'd go away you with $1500 left over. placed that for the period of fee reductions and then shop saving until you have 3-6 months of costs, then initiate saving up for a down cost for a house. i could quite have not have been given any debt, myself.

2016-10-17 11:25:36 · answer #2 · answered by balok 4 · 0 0

All types of loans are available for students,employees and retired persons.Worldwide banks are ready to provide the loans for all.See the website below and apply your required throe on line.

2007-06-16 15:51:41 · answer #3 · answered by Shilpa D 1 · 0 0

Try lending Tree.com

2007-06-16 05:29:39 · answer #4 · answered by RandR 1 · 0 0

www.prosper.com

2007-06-16 09:05:41 · answer #5 · answered by will c 2 · 0 0

fedest.com, questions and answers