FAQ

1. What is the minimum credit score for funding?Admin2020-05-07T17:48:33+00:00The minimum fico score is 700 but you must still meet all requirements.

2. How many trade lines are required for funding approval?Admin2020-05-07T17:47:57+00:00You must have at least 3 primary tradelines. Being an authorized user will not qualify you.

3. What are examples of good trade lines for funding?Admin2020-05-07T17:47:12+00:00-Credit cards from a major bank such as Chase, Bank of america, or American Express
-Mortgage
-Auto loan

4. How old does my credit history have to be in order to qualify?Admin2020-05-07T17:45:59+00:00Credit History has to be at least 2 years old

5. What does the credit limit on my cards have to be in order to qualify?Admin2020-05-07T17:45:29+00:00Credit cards must have a minimum limit of $2,500

6. How many inquiries with the credit bureaus can my profile have?Admin2020-05-07T17:44:37+00:00Your credit profile cannot have more than 3 inquiries per credit bureau. If you do, there could be a chance some can be removed for a fee.

7. Can my credit cards have a balance?Admin2020-05-07T17:44:00+00:00A balance is fine but credit card utilization must be under 30%

8. What if I have late payments on my credit profile?Admin2020-05-07T17:43:03+00:00Any late payments must be 2 years old.

9. What other items on my credit report will get me disqualified?Admin2020-05-07T17:42:20+00:00Bankruptcies, Collections or tax liens

10. Is the business funding a line of credit or credit card?Admin2020-05-07T17:41:16+00:00Business funding is in the form of credit cards and comes directly to the client.