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Question
Is there any company that gives small business loans based on? the TransUnion credit score? There is a 100 point difference in the scores between TransUnion and Experian. I don't understand why. Where can I get a free copy of my credit scores? I know I can pay. I just don't want to.
By fatbabyceesay Posted on 04/24/07 Total Answers 5
Answers-
Talk to your local bank/credit union. They can usually run a credit check and calculate the credit score for you. Some use all three, others just one. But almost all places I know that are going to give out loans will look at all three major credit reporting agencies. These are different reporting agencies and only have the information that has been reported to them. So, there must be some debt or bad payment, etc. that has not been reported to one of the agencies. That happens sometimes.
Answer by : joannaserah On Date 2007-04-24 13:14:46

You are entitled to a yearly free credit report per the US Gov't. https://www.annualcreditreport.com/cra/index.jsp You should try to get them to align, perhaps faxing them a discrepancy report might help. Good luck - the information for reporting a problem is located on the credit report itself. -Adam P. http://www.desertorchidlending.com
Answer by : Adam P On Date 2007-04-24 13:19:11

There is a really cool new small loan alternative that is available on a web site called Prosper.com. Prosper.com is a peer-to-peer lending alternative that removes the big banks form the mix and places people who need money in contact with people who are willing to lend it. In your case, if you need a loan to help start a small business you can apply for a loan with that goal in mind. The way it works is that people who need money request it, and other people bid for the privilege of lending it to them. Prosper makes sure everything is safe, fair and easy. Your loan is evaluated based upon your entire credit situation. On prosper.com my partner and I have established a group called Addventure Capital. We are two professionals with 20+ years experience in the financial services industry. It is our goal to help people like you by creating debt consolidation and small business loans and helping you get your loan funded. We will personally endorse your loan request and consider investing in your loan ourselves. Follow our guidance and you’ll have the best chance of getting your loans funded. We have clear – mathematically proven – strategies to maximize your chances of getting the money you need. In order to take advantage of our services you need to follow the link below and join our group. Through analysis we have found that the most important factor in whether a loan gets funded on prosper.com is a group leader endorsement. If you join our group and apply for a loan through prosper.com via our group we will endorse your loan and help you get it funded. For more information follow the link to: https://www.prosper.com/groups/group_home.aspx?group_short_name=AddventureCapital Click on “Join Group” on the right side of the screen and everything else should be self-explanatory.
Answer by : FinanceGuy On Date 2007-04-24 18:48:09

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