The business is a family owned business for 73 years and i am looking to purchase from my mother. its on the market now so time is of the essence. I have a poor credit rating of 550 due to a divorce that i went thru i.e. foreclosure and repo'd car two years ago. The business is going for 350,000 and i should be able to come up with a sizeable down payment maybe to offset my credit. somewhere in the vicinity of 45,000. The business makes money so I would have no problem making the loan payments as I also have other additional income coming in. Looking for solutions to overcoming this obstacle whether it be co-signing, private lenders, raising my score, SBA loans, grants…anyone else go through this?
Get someone as a partner that has good credit! Or I was offered a deal. I could pay this person $700.00 to clean up my credit. I don't know if it is legal or not. I decided to file bankruptcy instead.
Well having as much data on the place as possible to show the bank is always great. But if you really want to boost your credit I would do this quickly and see how it works out for you.
Go to this website and sign up.
http://instantcreditbuilders.com/
You will want to hurry because they are putting an end to this in Sept.
What it is, well you rent out slots on other peoples credit cards to boost your credit score I have herd of people boosting it by 200-300 points in 2 months so call one of their credit experts and find out if they can do it fast enough for you.
References :
http://www.indystar.com/apps/pbcs.dll/article?AID=/20070713/BUSINESS/707130436
Get someone as a partner that has good credit! Or I was offered a deal. I could pay this person $700.00 to clean up my credit. I don't know if it is legal or not. I decided to file bankruptcy instead.
References :
no problem for low credit score.
We can offer you the competitive rate.
How much loan do you want to borrow and how soon do you need ?
what is your phone #? We can talk over phone.
Thanks,
Jian.
References :
Try prosper.com It is an online lending institution where you explain what you need $$$ and why and people with money bid to help you.
Good luck!
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