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Updated over 2 years ago on . Most recent reply

User Stats

61
Posts
14
Votes
Rickey Wiley
  • Rental Property Investor
  • Richardson, TX
14
Votes |
61
Posts

Fund and Grow Questions

Rickey Wiley
  • Rental Property Investor
  • Richardson, TX
Posted

Does anyone have any experience with Fund and Grow?? I'm looking to get set up but don't really know how "business credit" works. Almost sounds too good to be true.

Most Popular Reply

User Stats

8
Posts
11
Votes
Raymond Richmond
  • Homeowner
  • San diego
11
Votes |
8
Posts
Raymond Richmond
  • Homeowner
  • San diego
Replied

I signed up with them last decemeber. They told me i was pre approved 40k on my first round. It took over 3 months to get the cards. I needed this money to fund my first rehab and pay down debt. Their sales pitch on several podcasts interviews etc are why i went with them. They were only able to get me 24k. Also all that jazz about pulling cash out is tricky and costs money/ more time. I needed 20k min but these are credit cards so you shouldnt be maxing them out unless you can pay them down. So i really only ended up with 12k i can actually use and it dropped my credit score down 30 points. They sound over worked and if you dont stay on top of them weeks will go by without follow up then they pass you on to a new specialist. I dont believe all these reviews. I should have tapped into my primary homes equity heloc would of been a smarter move. 

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