Another line of credit approved for a Redditor on this sub ($137,500)
Hey everyone as always just posting here for informational purposes to see what they can get approved for if they’re interested. This client had a bit of sticky situation, they already had a line of credit and wanted another one but some broker wanted to make some quick money and got them into a term loan behind it. Traditionally it would make it very difficult to get a line done behind 2 positions but we still made it happen thankfully because the clients balances were still high and his credit was good (700+) if you’re stuck in a situation like this or just want a line of credit without dealing with someone convincing you to take something you don’t want I’m happy to answer any questions.