answersLogoWhite

0

I had $255k secured through the business credit profile I build with IUG. That was last year and my underwriter no longer works there. Has anyone dealt with them recently?

I also got about 75k just under my business name obtained with my business credit. Recently I have also signed up for their concierge service, and it can only get better from here. They've got a great team, and you just feel at ease cause at the end of day they will come through with their promise. That's my kind of company.

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Finance

Who is Initial Underwriting Group?

Initial Underwriting Group helps small businesses build business credit. They use the concept of personal credit and apply it to the building of business credit at Dun & Bradstreet. Information about initial underwriting was found on: http://www.initialunderwriting.org/personalvsbusinessloan1.HTML Initial Underwriting Groups can also help businesses get lines of credit without using a personal guarantee.


A business owner with debt on credit cards and personal loan what can I do without effecting my business?

This is easy. Just pay of your debts bit by bit each month or in big parts every so often.It may also be smart to consider building a strong business credit profile. Building business credit may allow you to completely separate personal and business debts. Through some research online there are 4 main companies - B2BCredit, Initial Underwriting, BCS, XBanker and many more smaller ones.


What is credit evaluation?

Credit evaluation is synonymous with underwiting (the process used to determine if a particular entity/individual is creditworthy) insomuch as the entire underwriting process is driven by core credit decisioning.


My mortgage company says I have a double approval and I'm just waiting for underwriting for an FHA loan. Can I still be denied in underwriting for the loan?

Yes. underwriting is the process where they do final verification and approval of your loan ensuring that you have provided all the appropriate and truthful information. In banking, underwriting is the detailed credit analysis preceding the granting of a loan based on credit information furnished by the borrower, such as employment history, salary and finances; publicly available information, such as the borrower's credit history, which is detailed in a credit analysis and the lender's evaluation of the borrower's credit needs and ability to pay Mortgage company means nothing, underwriters mean everything as they represent the financial part of the institution giving you the loan to buy the house.


Can you go through underwriting with two lenders simultaneously?

No, typically you cannot go through underwriting with two lenders simultaneously. This is because the underwriting process involves a thorough review of your financial information and credit history, and it is generally considered unethical to apply for multiple loans at the same time. It is best to choose one lender and work with them through the underwriting process.

Related Questions

Who is Initial Underwriting Group?

Initial Underwriting Group helps small businesses build business credit. They use the concept of personal credit and apply it to the building of business credit at Dun & Bradstreet. Information about initial underwriting was found on: http://www.initialunderwriting.org/personalvsbusinessloan1.HTML Initial Underwriting Groups can also help businesses get lines of credit without using a personal guarantee.


Is Initial Underwriting group a legitimate business?

I used them 4 years ago to get credit for my business. Customer service was pretty good. I got a credit card for 20k. I still have a pretty strong business credit score today.


A business owner with debt on credit cards and personal loan what can I do without effecting my business?

This is easy. Just pay of your debts bit by bit each month or in big parts every so often.It may also be smart to consider building a strong business credit profile. Building business credit may allow you to completely separate personal and business debts. Through some research online there are 4 main companies - B2BCredit, Initial Underwriting, BCS, XBanker and many more smaller ones.


Does the Life Underwriting Training Council give you college credit?

no


Average Initial credit line?

For what?!?!?!? I have harped about this for months. If you're going to ask a question (and want a meaningful answer), then provide some details. Are you asking about the average initial credit line for a credit card, for a small business line of credit, for a Fortune 500 company, what?


What are the underwriting information for surety bond?

Surety bonds are a credit related products, The bond provides guarantee of performance or payment. A surety bond is not available for anyone. You do need to qualify for most surety bonds. (There are instant issue bonds for notaries, tax preparers, fidelity, etc that are not underwritten.) Subject to the amount of the bond and what the obligation is, underwriting analysis looks at credit, financial strength, character, experience, etc.


Who can issue credit cards using a business tax id number?

A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information. Good luck, Ilya Bodner Small Business Owner Initial Underwriting Group


Who can I talk to to find my business's credit report, so my business can grow?

Credit reports can be obtained online from freecreditreports.com. If you would like to expand to a franchise, sites like ehow.com can offer the initial steps you should take.


Is Initial Underwriting Group out of Columbus Oh a legitimate company?

IUG is another name for this company and I got a call from them a few months ago regarding some searching I was doing on the internet. I liked their pitch and product but it was a bit too expensive. $1500 to build business credit is a bit too much for me since it's just a startup idea that I have. Although I did purchase a Commercial Credit Line List from them - and let me tell you! IT was great! I got the small accounts that I needed in order to get moving. I mean, even for the small things like an office chair and laptop case, I got the revolving accounts thanks to those guys. I think they are legit, they got me what I wanted. Initial Underwriting Group has two physical offices - Columbus OH and Hallandale FL.


What is credit evaluation?

Credit evaluation is synonymous with underwiting (the process used to determine if a particular entity/individual is creditworthy) insomuch as the entire underwriting process is driven by core credit decisioning.


Should I except a business credit card offer from my coworker?

I would check with someone higher in the business just to make sure its not a scam. It could be a business credit card that is no longer in use. It could also be a stolen credit card. You should never accept a credit card from anyone without knowing all of the details about it first.


My mortgage company says I have a double approval and I'm just waiting for underwriting for an FHA loan. Can I still be denied in underwriting for the loan?

Yes. underwriting is the process where they do final verification and approval of your loan ensuring that you have provided all the appropriate and truthful information. In banking, underwriting is the detailed credit analysis preceding the granting of a loan based on credit information furnished by the borrower, such as employment history, salary and finances; publicly available information, such as the borrower's credit history, which is detailed in a credit analysis and the lender's evaluation of the borrower's credit needs and ability to pay Mortgage company means nothing, underwriters mean everything as they represent the financial part of the institution giving you the loan to buy the house.