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01-29-2015, 03:18 PM #17
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- Join Date
- Nov 2014
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My experience is that really only higher risk lender do that. They'll approve a file pending credit check and bank login. I think the reason for that is because for the most part factor rates won't change much, they will be high whether it's a 540 fico or 620 fico. The A lenders will typically pull credit right away because personal and biz credit will play a big difference in there potential factor rate and term. So it's part of seeing the whole picture upfront for them.
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