Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: zlutz1 on April 10, 2007, 12:42:14 am

Title: 40,000.00 unsecured line of credit where is the best place to get it?
Post by: zlutz1 on April 10, 2007, 12:42:14 am
Hi, I am looking to get a 40,000.00 unsecured line of credit. What is the best way to go about it? And should it start with my bank or will other sources have a better rate? What kind of fico will this require? Thanks and look forward to your guidance
Title: Re: 40,000.00 unsecured line of credit where is the best place to get it?
Post by: sdkone on April 18, 2007, 12:26:56 pm
What are the terms for repayment?

Thanks,
Steve
Title: Re: 40,000.00 unsecured line of credit where is the best place to get it?
Post by: fadi on April 19, 2007, 09:30:46 am
I can get a total of $80,000 or so in less than a month depending on your credit score.  If you're over 600, you're most likely good.

How does that work? I am very interested.
Title: Re: 40,000.00 unsecured line of credit where is the best place to get it?
Post by: gordo2417 on April 21, 2007, 06:49:23 pm
Below are lenders that will do up to 50K unsecured.

The lines I did receieve were all stated income and were based on personal and business credit scores.  Here are some lenders that do these types of unsecured lines. 

 

1.  Wells Fargo

2.  BOA

3.  AMEX

4.  GE

5.  First Horizon

6.  Capital One

7.  Citibank

8.  US Bank

9.  Chase

10. WAMU
Title: Re: 40,000.00 unsecured line of credit where is the best place to get it?
Post by: relukeinvest on May 03, 2007, 04:00:31 pm
i am in the process of getting 250k without a personal guarantee, and a company thats brand new.  obviously it costs, but so far is well worth it considering i tried on my own and got about 10k in 3 months.