Personal Line Of Credit

[Matthew Banks]

Hello BP family. One of my goals this year is to apply and get approved for a PLOC, ranging from 20-35k. I wanted to ask does anyone have experience with this process and what should I expect? I’ve heard many banks are against It and press for what you intend to do with the  money. I’m preparing a packet/folder to show that I’m a worthy applicant 

[Justin V.]

@Matthew Banks

I have a personal line of credit, but the interest rate kinda sucks so I don’t use it.

Kind of similar...

I have a heloc and it’s really very helpful. BasicAlly a Low interest credit card. I told them I wanted to use it to buy and repair rental properties and they didn’t have a problem. My realtor put

Me in contact with a lender and since she didn’t do helocs she put me in contact with one that does. Rockstars know other rockstars.