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19
Posts
2
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Annette H.
  • NJ
2
Votes |
19
Posts

Plenty of assets & cash and still turned down!

Annette H.
  • NJ
Posted

So frustrating when you can show a bank your assets, your bank accounts and liquidity and they still find a reason to turn you down! My husband is from the UK, (dual citizen) he's got the assets and despite the 720 credit score he's managed to build in the last year, he still can't get a business loan approval. Neither will they permit him to leverage any of his debt free investment properties. The reason they give is "lack of debt history" ! How are we supposed to build a debt history it if no one will grant us a loan? Besides a hard money lender, is there anywhere else we can try?

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3,269
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2,369
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Ann Bellamy
  • Lender
  • Tyngsboro, MA
2,369
Votes |
3,269
Posts
Ann Bellamy
  • Lender
  • Tyngsboro, MA
Replied

If circumstances are appropriate, he could get a car loan. Car loans are usually amongst the easiest to obtain.

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