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All Forum Posts by: Eric M.

Eric M. has started 13 posts and replied 70 times.

Post: Midwest Corporate Credit vs Fund And Grow

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12
Originally posted by @Kerry Mertz:

I applied for a business line of credit with Midwest Corporate Credit after reading about them in the forums on BP. I went through the initial application, I was preapproved and then I received a disclosures email through DocuSign to proceed with the application process. In the fine print it states the following:

"The client agrees to pay a consulting fee of 10% for all unsecured financing. The client agrees to pay 10% of the approved amount of unsecured financing to Midwest Corporate Credit within 15 days of approval date. Client agrees to pay a late fee of 20% APR, prorated daily, for each day that the payment is delinquent past the due date."

Be very careful and read the fine print.

 Wow lots of fees.

Post: Midwest Corporate Credit vs Fund And Grow

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12

Thanks.

Post: Fund & Grow Financing

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12

Are there any other companies that offer these services that do charge a high fee? Other then midwest credit and fund&grow

@Anthony Gayden I agree.

Post: Fund & Grow Financing

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12

I didn't have a good experience with them. I have to get a refund.  They wasn't  straight  forward with me.

Post: Midwest Corporate Credit vs Fund And Grow

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12

Which one of these funding sources are better?

Post: Fund & Grow Financing

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12
Originally posted by @James Caruso:

Any update on this? Were you able to cash out the credit?

 That's what i want to know.

Post: Good Credit No Income No funds How to start?

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12
Originally posted by @Thomas S.:

Perhaps counseling would be helpful to help you sort out your issues and identify a career path.

Some people simply can not be helped. They go through life always looking for the easy route and never find what does not exist There are only two paths to financial success, work hard or win the lottery. 

 Counseling! For a job!! My career path is not working for someone else! I don't mind hard work.

Post: Good Credit No Income No funds How to start?

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12
Originally posted by @Amy Beth:

If you are not interested in working and do not have a wealthy friend or family member to loan or give you money your idea of starting your own business is only a fantasy. You would need to start off working for someone else in order to save up money to start your own business. Why would a bank or investor whom does not know you help you out when you do not have any way of paying them back?

You obviously do not want to work but without it you will always be dependent on whoever is financially supporting you. It is time to man up and get a job unless you can't for medical reasons. In that case get on Medicaid and seek treatment for whatever is preventing you from working. Perhaps counseling would be helpful to help you sort out your issues and identify a career path.

 I don't need counseling! I have worked at at a job for years and to tell me to man up to work for someone else you really need to take a look at yourself. I don't need work for another to be a man! I have very high credit limits, I take of myself! 

Post: Good Credit No Income No funds How to start?

Eric M.Posted
  • Queens, NY
  • Posts 73
  • Votes 12
Originally posted by @Ram K.:

Most people have income to back it up. Since you don't have money to invest or a willingness to get a job to gain money, I don't really see how you plan to invest. What do you have to "invest?"

 Some of these investors don't have a income.