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Updated over 1 year ago on . Most recent reply

User Stats

12
Posts
3
Votes
Houston Anglin
3
Votes |
12
Posts

I need of a quick loan

Houston Anglin
Posted

I have a property that is own free & clear but am having trouble getting a loan do to high credit utilization & no extra $ to pay off to get credit score up for Traditional lenders . But if loaned the $ on free & clear tenant in place bldg I own ,was given then I can pay off high credit utilization & then score would go up & high dti would no longer exist because all debts will be paid & I will only have primary house loan & now investment property to pay for…

can someone please help me with this need loan asap !!

thank you in advance 

Most Popular Reply

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8,152
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3,686
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Basit Siddiqi
  • Accountant
  • New York, NY
3,686
Votes |
8,152
Posts
Basit Siddiqi
  • Accountant
  • New York, NY
Replied

Maybe not the answer you want to hear.

Sell the property that you have that is free and clear to pay off your debt.
That is the best return that you will get.

Current average credit card debt is 20%+(I will assume some of your debt is credit card debt).
It is hard to beat 20% return.

It will also make you feel better having the debt off your shoulder.

Best of luck.

business profile image
Basit Siddiqi CPA
4.9 stars
76 Reviews

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