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About Personal Credit And LOC Creditcard Funding

Author : bao duan


You might be hearing a lot of companies helping people with personal credit funding. The rise in the number of companies that come to help you in fixing your credit fast has been huge in the recent years. And the surprising fact is that some of them do the entire process within 10 business days. They also offer an individual money back guarantee. Most of them feel that the credit repair consultants in reputed institutions and companies are professional and helpful, hence it is always good to seek their help. The experts give you quick and personalized services for reasonable prices. If we look into the reasons as to why so many companies have emerged, the resounding answer is personal credit funding.

Some of the famous enterprise owners who have used the method of personal credit funding are Leonard Bosack and Sandy Lerner, founders of Cisco Systems; Larry Page and Sergey Brin who bought Google into existence. It is also believed that many struggling directors and the current famous directors were able to start off with the making of their first movies only by availing finance on their personal credit cards.

It is a wise decision to use the business credit cards to start up with, however, not until you are really convinced of venturing into it. Be assured you are neither the first person nor the last when it comes to situations where you will have to use your personal credit cards as the only source to finance your business ventures. Be it a huge or a small business start up, if it is a sole proprietorship business, then utilizing the credit card as a primary point of supply or using loc creditcard funding will not be far from their intended purpose.

There is no sure shot assurance or 100% guarantee that things will materialize the way it is hoped for. Nevertheless, there are many companies that have sprung up to help people in this aspect of collecting the required funds. The experts will help you in obtaining credit cards and loc creditcard funding from banks which draws finance from Equifax or TransUnion. Seeking the help of such professionals will help you in raising amount anywhere between 40K to 200K dollars. In order to avail personal funding up to 200K dollars, one needs to have at least 4 open trade lines that are really doing well, of which 2 of the trade lines should be a seasoned primary. A copy of identity proof, utility bill, SSN and 2 recent paycheck stubs are to be produced for the process.

Similarly for light file funding which will give you anywhere between 20K to 80K dollars, you need to have a minimum of 3 authorized user accounts on Equifax, TransUnion or Experian. These accounts should be couple of years old and have at least 15K dollars. The documents to be produced during the process are a copy of ID, utility bill, SSN and 2 recent paycheck stubs. However, these are not the standard amount across all the other financing institutions; they differ from one to another. Usually, the back end fee charged is 10% of the total amount. Needless to say, a personal credit funding will be of great help for aspiring entrepreneurs.


Author's Resource Box

Bao Duan is the author of this article on Personal Unsecure Funding.
Find more information on Loc Creditcard Funding here.




Article Source:
Articlebliss

Tags:   Personal Credit Funding, Loc Creditcard Funding, Personal Unsecure Funding

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Submitted : 2011-06-28    Word Count : 554    Times Viewed: 450