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08-01-2017, 11:50 AM #1
- Join Date
- Jan 2017
- Posts
- 116
BLOC / 700 Score / No Doc
Anyone offer a true revolving line of credit / no doc for 700+ scores ----- without charging an exorbitant amount of points-Example: I've bumped into a few parties wanting to charge 10 points and pay out 2 to the broker?
Anyway, looking for 200k-250k.
Also looking for similar for borrower with 680 scores. 50k.Last edited by CFSCCorp; 08-01-2017 at 11:57 AM.
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08-01-2017, 02:00 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,956
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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08-01-2017, 02:07 PM #3
- Join Date
- Jan 2016
- Posts
- 435
200-250k not gonna happen without docs/some form of coll
50K depends on specifics to credit profile but doable
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08-01-2017, 02:43 PM #4
- Join Date
- Feb 2017
- Posts
- 3,431
No doc will get up to 75k at most for UBLOCs.
Personal LOC can get up to 225k.
But 10 points is not "exorbitant" if you understand that they should only be charging your for 0 APR lines.
No doc is only credit cards.
There are low doc and full doc programs, also. You can get at least 2.5 points, I'm not sure who's giving you only 2 points.
Interest rates end up around 3-5% yearly, in reality if you understand how these things work and grow.
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