All Forum Posts by: Account Closed

Thanks @Peter Schuyler, I keep on thinking to myself why isn't there an area for this....and there is!  : )  Thank you for sharing this with me.

Try Farmers. I don't know if you have Foremost out there but I believe they offer this coverage too....I cannot recall limits.  I think Tapco is another one but you have to have to exhaust your resources first.....I think.  Sorry, I have not had my insurance brain on lately, lol.

Idk but I would call the company where you purchased it - they probably have questions like this all of the time.  Good luck.

Your local Chamber of Commerce or BNI.....

I talk to a lot of people and many of my clients have a nice size net worth but very little of it is liquid.  A referral partner introduced me to a consultant who has relationships with banks for the sole purpose of unsecured lending.  Our spirited conversation was refreshing because we spoke the same language: lending, credit, underwriting, insurance.  It was a lot of fun.  Now, I am considering connecting my clients to him so that they can obtain unsecured cash to the tune of anywhere from $50k - $300k all unsecured and based on their credit.  The loans are with banks and credit unions at a 10% interest rate and his fee is 10% of the loan amount - but he does all of the work seeking out the banks that will approve my clients.  In my head if you can take that $50K and make it $100K in a relatively short amount of time, this makes sense.  The other thing is getting cash without having to jump through so many hoops sounds great especially since the loans are with real banks.  One of my clients who has been working on securing $150K from a traditional lender has been working on this since December 2016.  I talked to him about this and he said that if his loan does not fund by 3/31/17 I should connect him with this consultant.  I am interested in hearing thoughts, comments and input on this subject because I do not want to set my clients up for failure but real cash loans that are unsecured with real banks can be the missing piece that my investors and clients need to gain wealth.

That's super cool, thank you for sharing.  I zipped right to the credit handout and I am a huge critic, lol, being in credit education makes me nerdy that way.  hahaha!  Thank you friend, very useful stuff.

; ) Good deal friend.

: ) No worries friend. 

What a great thread!  My vote is personal:  momma needs a comfortable, reliable and safe vehicle. Don't break the bank - shop wisely - 'cause if momma ain't happy, ain't nobody happy.  The return on your investment:  A happy home....so worth it.  

No. Corporate credit works on your Paydex Score which runs from 0-100. Your personal credit runs on an entirely different system which includes Statutes of Limitations and such. You can't marry the two. Why don't you get a cash line of credit to invest? If your ROI makes sense then a short term, higher interest unsecured personal loan might be the golden ticket for you. Idk. What is the interest rate on your corporate credit and is it liquid? It sounds as if maybe you don't want to be personally responsible for your debt but want it under the corporation - which is okay but then the question that begs to be asked is how quickly can you make a profit if you carry your debt load on your personal credit vs your business credit. At the end of the day what matters is how rapidly you can make a profit regardless of where the money comes from. That's my two cents. ; )