We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
December 01, 2022, 08:21:23 am
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
December 01, 2022, 08:21:23 am
Home Help Search Calendar Login Register

Author Topic: What exactly is a credit partner?  (Read 2278 times)

Offline mw

  • Member
  • ***
  • Posts: 244
What exactly is a credit partner?
« on: May 02, 2007, 03:10:06 pm »
I'm not sure if this is the right forum, but I see ads all of the time wanting "credit partners" with a middle score of 710 or better.  What are they needed for?  They claim to pay x amount per deal with no out of pocket expense.

Offline mw

  • Member
  • ***
  • Posts: 244
Re: What exactly is a credit partner?
« Reply #1 on: May 03, 2007, 08:32:12 am »
Anybody?

Offline christopher w

  • Member
  • *****
  • Posts: 2237
Re: What exactly is a credit partner?
« Reply #2 on: May 03, 2007, 03:26:54 pm »
It is someone who signs there name on the dotted line and get the loan in their name for a project while someone else contributes cash or sweat equity. It is then typically sold to someone else either through owner financing or some other creative way. Another name for credit partner might be straw buyer so you need to be very careful.
Christopher W
C-214.923.5781

Offline christopher w

  • Member
  • *****
  • Posts: 2237
Re: What exactly is a credit partner?
« Reply #3 on: May 03, 2007, 03:32:30 pm »
Check out this topic for more information on credit partnering.

http://www.reiclub.com/forums/index.php/topic,27639.0.html
Christopher W
C-214.923.5781

 




SMF 2.0.15 | SMF © 2017, Simple Machines