That SBA loan will count against you as debt when you get a home loan. The higher your debt to income ratio is the less money they will lend you. Better off to build your credit (small loans that you pay off on time or ahead of schedule, small charge accounts like at a tire store. A LOW limit credit card that you pay down to less than $100 owed each month, and most importantly dont miss or be late with any payments), have very little debt, and a solid and steady income.
Would you accept this offer?
Discussion in 'Questions From New Drivers' started by Solo Soul, Jul 21, 2021.
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I am wondering why this loan is even there. How can one properly use this loan? I deliver food on apps, and they are giving me 120k. What do they want me to do with it?
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Have you ever asked this question, to someone that can give you the best adive or option? I mean, I would go to someone like Dave Ramsey.
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