3 posts shown.
Rebecca Green7 said:Like you stated yourself, they are brokers. To put it plainly, they don't issue loans. They act as intermediaries between you and a lender. You tell them what kind of credit you're looking for, and they already know which bank has the best offers or specific requirements to make it happen. Essentially, they save you the hassle of driving from one Chase branch to another and help gather paperwork. Sometimes they speed things up or push the process along, but they aren't the ones cutting the checks. At the end of the day, the money comes from a bank or potentially even the Gestapo.
And no, nobody is going to accept your PayPal balance as collateral for a loan, so you can stop dreaming about that.
That's a bummer... Guess my only move left is hitting up a loan shark...
Ronald Chavez79 said:So, you need cash, but you actually have money?
My take is that you "need" the funds, yet you lack any real assurance you'll ever see them again—especially since getting approved for a loan has never been easier or faster than it is right now. It’s almost too convenient...
Good luck.
Sent from my Samsung Galaxy S8
PayPal holds onto my funds for 21 days—but I've already promised my customers I'd have their orders shipped within two weeks...
I'm looking to get some funding together, but my local Chase branch isn't biting on a loan... It’s a bit frustrating because I can clearly show them the funds I have on hand and prove I've got the means to pay it back. So, I was thinking—maybe a licensed credit broker
might be able to bridge the gap? I just stumbled upon the concept the other day—kind of like finding a specialized consultant when your usual doctor won't give you a second opinion—so if anyone here knows how they actually operate or has had any luck using them, please share your thoughts!