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Can I Still Get The Funding Even When Experiencing Personal Bad Credit?
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∙ 8y ago
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Do I Require A Perfect Credit To Get Approved For A Business Cash Advance?
Business owners who do not have a perfect credit or collateral to provide are still able to get authorized and get hold of funding. Because business cash advances are depending on future credit card sales, personal credit records isn't taken into consideration as a great deal as when applying for a small business loans from banks.
You have bad credit and on a pension and have no house can you still get a personal loan or credit card with 6000 limit?
yes
If someone submits a business credit card application does that affect the personal or business credit score?
According to bankrate, if someone submits a business credit card application it affects their personal credit score. Since it's still their own business card, it's considered their personal item.
Do personal debts of family members affect credit ratings?
No, if it is a personal loan. Still, think of it this way, a poor credit rating with your family could be worse (you know what I mean).
Will the SBA still loan you money if you have bad credit?
Many people believe that SBA can help them even if they have bad credit history. This is far from truth. Actually it not mainly for funding but it is for scheduling or restructuring repayment.
A lien was filed due to credit card debt. I had no personal property at the time the lien was filed about 3 years ago. How does this affect my credit?
The lien is probably still in place, and the fact that it was filed is still on your credit file.
What Are The Things That Determine A Line Of Credit?
When it comes to line of credits, lenders look at elements like cash flow, credit records and companies’ assets. In case you are still worried about a personal bad credit score can hurt, there are still alternative options.
What happens to your personal credit if you apply for a business credit card right after you buy a house?
If you have good credit then you should have no problem. As long as YOU know you can meet the mortgage payments and be responsible for paying off your credit card most credit card companies are more than happy to accommodate you. Also, be careful with applying with personal guaranteed business cards. Just because they are for business use you will still be responsible for it. Thus, that is still like any other personal credit card which you have decided to use for the business. A true business credit card is the one that does not take your social into consideration, or at the most it asks you to personally guarantee the debt.
In this recession, are there still venture capitalists who can provide small business startup funding?
There are companies that can still provide that. It may be a bit harder but it is possible to get the funding.
Are personal checks still popular?
No, the use of personal checks is dropping dramatically as more individuals are using credit cards, debit cards and online bill pay options.
What will happen if had a stroke but still got unpaid credit card and personal loan?
During events of emergencies such as car accidents, personal property damages or getting too sick, some credit card companies offer supplemental insurance for credit card. The case of being sick with unpaid credit cards will be handled accordingly with applicable laws.
What are the chances of getting a personal loan with a bad credit score?
The chances of getting a personal loan with a bad credit score are generally lower compared to having a good credit score. Lenders consider credit scores as a key factor in loan approval decisions. With a bad credit score, you may still qualify for a loan, but you might face higher interest rates, stricter terms, or the need for a co-signer or collateral to secure the loan. Exploring alternative lenders, improving your credit score, or seeking a co-signer can improve your chances of obtaining a personal loan despite bad credit.
