Anyone here know much about licensed loan brokers?

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!

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

A pawnshop loan?

Alex Jones19 said: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!

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.

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...

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...

In other words, you’re selling something you don't even own yet—and we aren't talking about a service here, we're talking about physical goods.
And if you're looking for someone to file a complaint against you, forget it. It’s just not possible, man. Not happening.

If your business is such a "sure thing," I'll be happy to lend you the money. Got any real estate or personal property you can put up as collateral?

Maybe they will. But it's gonna cost you...

You could have just told him straight up: these people are nothing more than middlemen between you and the bank. They aren’t doing anything you couldn't easily handle yourself by hitting up local branches or doing some basic research online. Their whole "service" is basically just a way to bake an insurance policy into your loan—effectively eating away at a chunk of the cash you actually borrowed. All they really need from you are your pay stubs, tax returns, and FBI reports—basically, proof you have a steady job, preferably permanent.