Frequently Ask Questions
DO YOU SUBMIT ALL THE CREDIT APPLICATIONS FOR ME?
We will submit all applications on your behalf. If you receive any emails regarding application please forward those to our support department.
WILL BUSINESS CREDIT CARDS SHOW ON MY PERSONAL CREDIT?
We will focus on Business Credit Cards that only report to the business credit bureaus but we can add ones that report to both if need be.
HOW WILL YOU KNOW WHICH CREDIT CARDS I GOT APPROVED FOR?
We will need our clients to forward any information received from the banks regarding applications so we can stay up to date with status of each application.
WHAT IS THE MAXIMUM CREDIT LIMIT I CAN OBTAIN?
The maximum credit limit differs from lender to lender but most cap out between $50,000 and $100,000.
HOW DO I QUALIFY FOR BUSINESS CASH LOANS?
HOW DO INQUIRIES AFFECT YOUR CREDIT?
Inquiries can affect your credit by lowering your score a couple points and also make you look hungry for credit to lenders which makes you have more risk.
HOW MANY LENDERS I WILL BE APPLIED FOR?
We can do multiple rounds of funding and each round and each individual persons file determines how many banks we will apply for.
HOW MUCH FUNDING WILL I BE APPROVED FOR?
Each clients funding amount depends on their own personal credit file. We will give estimates after our evaluations are finished.
HOW SOON WILL APPROVED PERSONAL CREDIT CARDS SHOW UP ON MY CREDIT?
Approved personal cards can show up in as little as 7 days on credit reports but most report after the first statement date.
WHAT WILL BE MY INTEREST RATE?
Interest rate on each credit card can differ but we try and focus on as many 0% intro rates as possible.
WHAT ARE THE REQUIREMENTS FOR CASH LOANS?
Our cash loan program requires an age corporation and tradelines on business file. More instructions will be given.
HOW MANY CREDIT BUREAUS DO CREDIT CARD COMPANIES PULL WHEN THEY APPROVE YOU FOR CREDIT CARDS?
They can pull up to 3 but we have a unique application procedure that includes freezing certain bureaus to keep them from doing so.
DO I GET HARD INQUIRIES UPON APPLICATION?
We do not pull your credit for application with us but banks will have hard credit pulls on file when we do the applications.
Can I use Personal Cash Loan funds for my Business?
How you use your funds is up to you. We advise to have accountant and or lawyer for these matters.
How long the Funding Process will take?
Funding will start within 1 business day of evaluation and agreements signed. Depending on how much money client is looking for determines the length of time. Most start seeing approvals in 3-5 days.
CREDIT LEVERAGE PROS