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dsuriff · 8th August 2008, 05:47 PM

Keep in mind a FICO score of 720 and up is great but if you use any of the fixed credit card loans with low interest it will be viewed very negative. I have a great Fico but due to funding some of my first salon with these low interest credit card loans my debt ratio to revovling credit is high and therefore I am considered high risk for a new loan.

I recomend using these credit card loans very carefully. Search for traditional lender or even research SBA's.

8th August 2008, 05:47 PM	#9 (permalink)
dsuriff All Star Join Date: Aug 2007 Location: texas Posts: 128	Re: Need Additional Capital Keep in mind a FICO score of 720 and up is great but if you use any of the fixed credit card loans with low interest it will be viewed very negative. I have a great Fico but due to funding some of my first salon with these low interest credit card loans my debt ratio to revovling credit is high and therefore I am considered high risk for a new loan. I recomend using these credit card loans very carefully. Search for traditional lender or even research SBA's.