***PERSONAL CREDIT AND/OR CASH LINES. 720+ SCORE NO DOC’S** NO UP FRONT FEES

PERSONAL LOCs:

Basic Qualifications for Personal Credit Funding the information outlined below represents real-time market realities in the financial and credit extension marketplace and provides an ideal target description for a “qualified” personal credit profile to receive optimum funding.

• If a credit profile falls outside of any of the specific descriptions listed below it will definitely have an impact on the potential “approved amount of funding”, or if the application will declined.
• We DO NOT process applications that are not qualified for funding. In addition, Prospective clients should take and use any Resources and necessary steps to enhance their credit file in order to meet minimum qualifications standard in order to be approved for personal funding.
• 720+ Credit Scores on all bureaus
• All “Revolving Balances” Should Be Below 60% Of The Credit Limit (Credit Utilization Rate or CUR). If anyone (1) revolving account balance is above 60% of the established credit limit it” may” have a negative impact on your funding approval. Any single revolving account balances with a CUR of 75% or higher may in fact generate a “decline” even if every other aspect of the credit file is in perfection condition. However, each individual credit file is different and the strength of the overall credit file will determine what impact having a higher CUR will have on obtaining …. No more than 4 Inquiries per Credit Bureau within the Last 90 Days!
• Minimum of 4 Open & Active “Primary” Trade lines On Credit File. Closed accounts do not h No More than 4 Inquiries per Credit Bureau within the Last 90 Days!
• Any Prior Bankruptcy, Foreclosure, Repossession, Judgment, Collection, etc. listed on the credit file places that file in a NOT
  QUALIFIED status.
• Any Past Late Payments Will Have An Effect On Getting Funding/Approval On Case By Case Basis. Excessive late payments will definitely create a NOT QUALIFIED” scenario. Credit profiles with late payments over 60 and 90 days typically DO NOT qualifies for funding.
• Physical residence address on loan application must match address listed on the credit bureau used for funding! If addresses do not match up this will automatically send the credit application into a security review status at which time all aspects of the file will have to be documented in order to get an approval.

In addition, the following specific terms apply to all “PERSONAL FUNDING

PROGRAMS”:

1. No up Front Fees for Our Services!
2. No Income Documentation or Verification required unless your file goes into a manual underwriting review process. 100% validation of personal identity.
3. All Personal Funding are Credit cards or cash cards.
4. Our backend fee is 15%= 1.5 of the approved funded amount/credit limit and is paid Inquiries WILL BE on the credit report since no lender will approve credit without checking credit.
5. Once we get a decline we STOP working on the file.

 

Advertisement