Lease/Buy/Finance_How-much-&-How-Long

[SkidSteerMarks]

Had some misfortunes affect personal credit rating, but by grace of God and a good woman, I'm on my way back.

 

[AxleHub]

Had some misfortunes affect personal credit rating, but by grace of God and a good woman, I'm on my way back.

Maybe you've already made the deal. But if not . . here's a suggestion from a small business owner whose dealt with loan isdues for 30 yeats.

1. Almost all banks use "the software solution" for loan issues. That means "money in vs money out". Assets are seldom the benefit unless you have a w2 statement.

2. Credit Unions use different calxulation methods than banks. Most use 1 credit bureau where banks use an average of all three credit bureaus.

3. You can be a dud with banks, and be a champ with many credit unions.

The golden rule is . . Credit unions make money borrowing to local people . . banks of all sizes make more money on things other than borrowing.

4. If your business is a sole proprietor format . . borrow it personally but pay for it from the business. Why? Because credit unions like personal borrowing.

Just some thoughts.