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Updated 8 months ago on . Most recent reply

User Stats

13
Posts
4
Votes
Jose Guillu
  • Carol Stream, IL
4
Votes |
13
Posts

Zero percent business credit cards at zero percent

Jose Guillu
  • Carol Stream, IL
Posted

Hello. I'm coming across FB ads offering large lines of credit for businesses at zero percent rates, in other words, possibly eliminating the hard money lenders. Has anyone seen these? Are these BS?

  • Jose Guillu
  • Most Popular Reply

    User Stats

    35
    Posts
    21
    Votes
    John Gillick
    • Investor
    • San Diego, CA
    21
    Votes |
    35
    Posts
    John Gillick
    • Investor
    • San Diego, CA
    Replied
    Quote from @Jose Guillu:

    Thanks, Jacob. I have many 0% credit cards and haven't paid interest on anything for the past decade or so. I'm talking about large, unsecured lines of credit. If you're to search on FB for investor financing or hard money lenders, those ads should start appearing for you. Let me know if you do. Thanks


     It's probably an ad for a credit card stacking consulting company.  They're going to charge you 10% to help you apply and get 15 different 0% intro cards with a credit limit averaging $10k each.  That's how they advertise $150k credit lines at 0%.  The only value they add is for someone who does not know much about the 0% credit card game, teaching them the best order to apply in, e.g., starting with business cards that typically don't show on your personal credit report before doing the personal cards that are going to increase your credit risk until the CC companies finally stop offering you 0% deals.

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