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Sam T.
  • Real Estate Agent
  • Alpharetta, GA
69
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137
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Bank suggestions for unsecured LoC?

Sam T.
  • Real Estate Agent
  • Alpharetta, GA
Posted May 9 2019, 08:23

Hi all, I'm on the hunt for a good bank open an unsecured line of credit with. I've called around to a few already and the standard reply I've been getting is that they cap their credit limits at half of the borrower's liquid assets value; nothing to do with income. I'm just getting started (only have one rental at the moment) and have little in liquid assets.

I'm fortunate enough to have a good income though, so I'm trying to find someone that will approve me for a good sized LoC based on my personal income and credit score/history, as opposed to only my liquidity. Any suggestions?

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