I need to apply for a personal line of credit of at least 20,000?

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I need to apply for a personal line of credit of at least 20,000?

will I have a better chance of getting approved by a bank I have banked with for years? Or do they go solely off of Credit and debt ratio?

2007-10-18 04:49:58 · 2 answers · asked by Matt H 1 in Business & Finance ➔ Personal Finance

2 answers

Definitely check with the bank you have a history with.

You are going to need a good credit history and score to qualify for that much unsecured debt.

2007-10-18 05:35:01 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋

why do you need such a large line of credit? The bank will ask the same question

2007-10-18 12:47:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋