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Give me a quick rundown on lines of credit
| rose motley wrinkle | 07/07/24 |
| Nudist Liquid Oxygen Location | 07/07/24 |
| Costumed aqua spot | 07/07/24 |
| rose motley wrinkle | 07/07/24 |
| Cerebral church death wish | 07/07/24 |
| onyx violent stag film | 07/07/24 |
| Swashbuckling Soggy Shrine Ape | 07/07/24 |
| Cruel-hearted menage main people | 07/07/24 |
| excitant translucent lay | 07/07/24 |
Poast new message in this thread
Date: July 7th, 2024 11:26 AM Author: rose motley wrinkle Just got offered over $100k in a business line of credit.
Is it CR to use it to generate more business or just ignore? Tyia |
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Date: July 7th, 2024 12:12 PM Author: Nudist Liquid Oxygen Location if unsecured, use it to buy gold (hide it).
default on the credit card.
credit fucked for 7 years but you just gained like $95k worth of gold that easily converts to cash
(this is not legal advice) |
Date: July 7th, 2024 12:02 PM Author: Costumed aqua spot What is your business? Do you need working capital/liquidity? (http://www.autoadmit.com/thread.php?thread_id=5551671&forum_id=2/#47817269) |
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Date: July 7th, 2024 4:16 PM Author: rose motley wrinkle Law firm; nope no need atm (http://www.autoadmit.com/thread.php?thread_id=5551671&forum_id=2/#47817993) |
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Date: July 7th, 2024 12:03 PM Author: Cerebral church death wish lol goyim deserve what they get (http://www.autoadmit.com/thread.php?thread_id=5551671&forum_id=2/#47817271) |
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Date: July 7th, 2024 12:06 PM Author: onyx violent stag film Assume this must be flame, but will humor you. They give you money either in a lump sum or in draws over time, you promise to pay it back, with interest, on terms as specified in the agreement. The credit line may be secured (accounts receivable, real estate, whatever) or unsecured. Interest rates will be high. If unsecured, VERY high. For example, in my area commercial lines of credit secured by real estate with post loan LTVs under 80% are prime +1%. That's 9.5% currently. Payback is interest only with typically four year balloon. There are also set up fees running several % of the credit line. Unsecured will be considerably higher. If you received this as an email or text it's probably going to be as close to usurious as it can get. Some of these places are crooked and will add in all kinds of fees and conditions. I know some venture capitalists who loan money, collect interest, get equity, and require the borrower to pay them consulting fees. Read the fine print and don't do business with an unknown entity. (http://www.autoadmit.com/thread.php?thread_id=5551671&forum_id=2/#47817282) |
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Date: July 7th, 2024 5:06 PM Author: Swashbuckling Soggy Shrine Ape (http://www.autoadmit.com/thread.php?thread_id=5551671&forum_id=2/#47818160) |
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Date: July 7th, 2024 12:13 PM Author: Cruel-hearted menage main people you sound extremely 'business' minded (http://www.autoadmit.com/thread.php?thread_id=5551671&forum_id=2/#47817293) |
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Date: July 7th, 2024 8:17 PM Author: excitant translucent lay If you're a homeowner and you actually need a line of credit, a HELOC will almost certainly be a better deal. (http://www.autoadmit.com/thread.php?thread_id=5551671&forum_id=2/#47818583) |