Unsecured Credit Line

I need to learn where and how to get a business unsecured line of credit.

it's called a credit card. Until your business grows, YOUR credit is the same as the businesses.

2007-01-15 09:25:22 by C-chosen

Unsecured loan and line of credit from Noble Funding Make your American dream a reality Arrange a secured loan on your behalf Ideal for business ...

I am looking to acquire a line of credit to be used as overdraft protection in the event I need it. Unfortunatly, I made some very poor decisions several years ago, and now I can't get approved for anything. I can't finance steam off a hot dog. Where can I get an unsecured line of credit for this? Nothing wildly extravagent, just maybe 1 thousand smackeroos max. None of those prepaid cards are what I want, if I had that money, why would I pay a service to hold onto it? My credit score is about 560 - 580.

Unsecured credit cards are available for bad credit clients, however, the issuing banks charge high fees to cover the risk of extending credit to a bad credit client. You can expect to pay anywhere from $200-$350 or more in fees which the bank will keep, you do not get that money back. Those fees are upfront costs for obtaining a unsecured credit card for bad credit. In some cases, the bank will allow you to pay the fees over two or more months.

In addition, unlike secured credit cards, if you have bad credit and apply for an unsecured credit card, it is not guaranteed that you will be approved. You may be turned down for an unsecured card, even if you are willing to pay the high fees.

Some of the fees that you will pay for an unsecured credit card for bad credit are:

Interest rate: you will pay a high interest rate as a bad credit client.

Annual fee: you will pay an annual fee, which is probably higher than other good credit clients will pay.

Monthly maintenance fees: you will also pay an amount every month called a "maintenance" fee, one top of the interest rate that you're already paying. Read more from: http://www.credit-card-gallery.com/unsec ured_credit_card.html

2007-07-24 14:49:50 by Dolus

Price: $6.99

I originally used the credit line to buy into a business. I have since sold my share in the business, paid off the loan in full and the credit line has remained open. I would now like to buy a car (that has nothing to do with the business). The interest rate is low and it would be easier to use the credit line rather than having to get a new loan. Are there any rules or restrictions to do this?

Don't risk it. Try your bank for another loan. Evidently you have good credit already. So, it is possible that the rate of interest will be fairly reasonable. But, whatever you decide, just don't fall for the scams being offered to loan you thousands of dollars over the internet.

2009-11-15 07:16:00 by whitney

We are a registered Californian company, but are UK citizens living in California. The company is just over 1 year old. The purpose of the loan/business credit line is to purchase a small business.
The Tax ID is a good answer... but will this be usefull where someone needs a credit record? Or, for business finance, would our personal circumstances be relevant in any case?

you should have a tax number for the irs -- this is the number that you will use instead of a ssn!!!

2008-09-05 16:27:53 by unitedcal

I have a very poor credit history. I am a bit desperate. I do not care about high interest rates. Ideally i would like to find a card with at least a 5000 dollar line that anyone can get. Unsecured. Does such an animal exist and if so where? Thank you! I have lots of medical bills!

Not $1000 but Horizon Gold has a $500 unsecured credit line with no credit check. It does cost $20 or so a month.

2008-05-22 15:54:31 by john h