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Need loan, banks are asking for credit information which I do not have. What will I do?

 
 
Mon 9 Sep, 2013 06:36 am
I want to start a little business, I was going to banks for small business loan but I was failed to approve my loan for credit information. What will I do?
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Type: Question • Score: 6 • Views: 2,109 • Replies: 7
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jespah
 
  2  
Mon 9 Sep, 2013 06:46 am
@sarahcumin,
Build credit and be patient.
adammiller
 
  -1  
Thu 12 Sep, 2013 12:16 am
@jespah,
Just build your credit reputation. Good credit reputation is very important.
0 Replies
 
Philis
 
  1  
Thu 12 Sep, 2013 01:56 am
@sarahcumin,
Try another Bank.
Ask if U can use a co-signer.
Take out a credit card and maintain it, use it and keep up the monthly payments, pay it off each month.
0 Replies
 
christins
 
  0  
Thu 31 Oct, 2013 05:56 am
Building credit takes time. You need to be patient.
If you are in need of urgent cash, opt for a pawn loan.
0 Replies
 
sunilmishra01
 
  -1  
Wed 5 Dec, 2018 05:12 am
@sarahcumin,
build your credit, but it will take some time. If you need urgent cash, try mortgage loan
0 Replies
 
jespah
 
  2  
Wed 5 Dec, 2018 05:35 am
Bank loans are not the only ones out there. Try alternative lenders, angel investors, crowdfunding, grants, etc.
0 Replies
 
shanerobert
 
  0  
Mon 29 Jul, 2019 04:17 am
@sarahcumin,
It doesn't need to be your life partner, just somebody that can vouch for you on the credit. Your co-signer needn't bother with flawless credit either. At times even two awful FICO assessments can be sufficient to get a credit. You needn't bother with a cosigner to apply for a companion credit yet it would be ideal on the off chance that you get turned down the first run through.
0 Replies
 
 

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