Line Of Credit - Philadelphia

[Jose Soto]

Looking for banks in Philadelphia that have a "Line of Credit" program. The banks that I have spoken to have programs that are used to consolidate smaller unsecured debt (>25K). Looking for banks that will allow a larger credit line (100k+). Not looking for heloc but a true unsecured line of credit. 

Appreciate the help
 

[Rich O'Neill]

Hey @Jose Soto I went to Wells Fargo years ago and just applied for a personal line of credit and without a whole lot of effort they extended me $25k. I have a few accounts with them and had a W2 at the time so it made it a lot easier but it was simple to do. Rate is pretty high at 10% but its not credit card rates and its really liquid (I just transfer money to my checking acct). 

Be careful of anything not attached to a real bank. I have gone down that rabbit hole and some of the stuff you find there is bordering predatory lending. Definitely stick to the legit banks.