FAQ's | fundingfinders

Frequently Asked Questions

Will we need to pay any upfront charges with your personal funding services?

No upfront fees or application fees are charged by our company. We do require you to hold a subscription to CreditCheckTotal.com pr Experian hroughout the funding process, which does require a monthly fee.

Can a co-signer be used when applying for a personal loan?

No, a co-signer may NOT be used. Whoever is on the loan application must meet all qualifications for funding.

What is the minimum credit score required to obtain a personal funding?

Your credit score must be a minimum of 660 (unless military affiliated). In addition, your credit profile must also meet other basic qualifications. Details on that page tab.

Can I still qualify for a loan with a Bankruptcy on my credit report?

Yes, BK must be at least 5 years old.

A prequalification evaluation will take approximately how long?

Prequalification’s typically take 24-48 hours, not including weekends and holidays. Update: With the Covid-19 situation funding requests have significantly increased, so the response time may be slightly longer in some cases.

How long does it take to complete the personal funding process?

Each file is case-by-case. The files that meet every credit requirement will typically have bank approvals within 2-5 days. It then takes approximately 2-14 business days for the funding to arrive, once approved.

Will Income documentation be needed for personal funding?

As of December of 2022, due to changing financial markets, income documentation is needed to get cash / loans.

Is there an ALL cash funding option?

Yes. Please see the guidelines on page one. Our clients typically receive a combination of funds in the form of major bank issued credit cards (such as: Visa, MasterCard, American Express and Discover), Lines of credit and Installment loans.

When will I be required to pay the fees for you providing the personal funding services?

Payment is due within 24 hours upon receiving each funded line.

What forms of payment will you accept for payment?

We collect our backend fee via several methods of payment: PayPal, Credit Card Charge Authorization Form, Online Balance Transfer, and Direct Deposit.

Can you do personal funding using only my Equifax credit file and not Experian or Transunion?

We can do personal funding using only Equifax credit or only Experian. We do not provide funding with Transunion only, unless there is military affiliation we can use.

What is the max amount of funding I can obtain?

Based on the strength of the personal credit file we can fund up to a maximum of $250,000.00

Will you be removing credit inquiries from my report following funding?

No, we do not provide removal of credit inquiries.

What is the minimum amount of funding available through your personal funding services?

The minimum amount of funding we will submit for is $20,000. However, approvals can come back lower than that amount.

What do you charge for your services?

Our fee is 15% of any fundings provided - payable only after you receive your funding.

Do you provide credit repair services?

We do not provide credit repair services.

Can you recommend a credit repair service company?

Yes. If you don't' qualify with our program we can refer you to a company who can help.

The contract for your services (that I received when I agreed to the funding estimate) has some wording in it that I don't completely understand. How can I deal with that?

The contract was developed over 12 years of doing business. It covers a lot of ground. If you have questions about some of the "boiler plate" wording simply add this to your signature section. "Subject to satisfactory welcome/compliance call with the company and approval of same." Your personal representative will go over the process in detail on the call. Remember, nothing moves forward on your file until after the welcome call and everyone is satisfied.

Why can't you tell me what the terms of any possible funding might be when I receive my "estimate" after you look at my credit report?

We won't know the exact terms of any funding until we prepare and submit your files to some of our preferred financing sources and they offer funding.

If one of my credit scores is below the preferred requirements but I have a lot of "available" credit and all the other factors are favorable, can I still submit my report for a possible estimate?

Yes. In that scenario, if one score in 10 to 20 points lower we still may be able to help.

If my social security card says "temporary resident" can I still apply?

Yes, if you have the front page of your recent tax return