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5 Replies Last post: Jun 1, 2008 3:31 PM by MDIPRETE

BLOC ...

May 30, 2008 1:04 PM

Click to view tmoney313's profile Professional tmoney313 4 posts since
May 30, 2008
My ultimate goal is to get a business line of credit without a perosonal gurantor. I am working with a consultaion company and they are pushing me to have more tradelines on my credit. They want me to get car loans and other tradelines. They say you can have a 700+ score but without tradelines your credit is not strong. What I don't understand is I am trying to get business credit not perosonal or any gurantees. I have an LLC with over two years old with established paydex score of 80+. Is there any buisness lines of credit out there without having to personally gurantee it. I do not understand why I need tradelines to strengthen my personal credit.
I want to invest in the real estate market like a lot of others. Detroit area was hit hard by foreclosures and investors are piling up. I have some killer plans but lack of capital. Would anyone have any suggestions. Thanks....

Tamel
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,933 posts since
Aug 6, 2007
1. Re: BLOC ... May 30, 2008 2:08 PM
BLOC, Welcome

Tell me more, How much "Capital"?? For How long?? And How will you pay me back??

Have you developed a Business Plan that I can read??
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Click to view tmoney313's profile Professional tmoney313 4 posts since
May 30, 2008
2. Re: BLOC ... May 31, 2008 12:07 AM
The term can 1 year or more......My plan to payback is to flip the property or keep it as cash flow....and worst case scenario.....refi it.......I haven't made a business plan yet but i am in the process.....I have few tradelines on the business name already too......can you also clarify the personal tradeline concern that I am having....thanks..
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Click to view tmoney313's profile Professional tmoney313 4 posts since
May 30, 2008
3. Re: BLOC ... May 31, 2008 11:53 AM
so anyone has knowledge regarding this issue with tradelines ?
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Click to view tmoney313's profile Professional tmoney313 4 posts since
May 30, 2008
4. Re: BLOC ... Jun 1, 2008 12:58 PM
anyone?
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Click to view MDIPRETE's profile Mogul MDIPRETE 6 posts since
Feb 7, 2008
5. Re: BLOC ... Jun 1, 2008 3:31 PM

Please call me I may have a program that fits your needs. No doc / stated income Busines Lline of credit to $350,000 Or full doc to 10,000,000

Mark DiPretre
President
Mortgage Management solutions
401-942-3607

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