Fixing Your Credit

Author

Ryan Chen
January 06, 2025

Hi there,

Welcome to Loancater’s weekly newsletter. This is approximately a 4-minute read.

In today's newsletter, we’re going to go over your credit profile and its individual parts that affect the final loan approval.


We are going to go over…

  1. Your FICO score

  2. Your Utilization 

  3. The amount of inquiries you have 

  4. Your payment history 

Schedule a strategy session with us here for a business loan.

Actionable Tips

Most business owners think that they can’t get loans without their personal credit and only utilize their business credit.

This is absolutely false and especially the case when your revenue is under 50M.

Arm with this knowledge, optimize your score now before future borrowing.

👁 Credit Report Course Here

Check out this free credit repair guide that’s better than most $500 companies (link)

💰 Loancater’s Application

Get the best business loan in the market here (link)

✔ Clients Who Worked With Us In The Past

See previous business owner who were happy to work with Loancater (link)

⭐ Different Type Of Loans

Type of funding product available in the market (link)

🕴️Are you a capital partner

Are you a capital partner looking for dealflow? (link)

Why These Credit Lines Are 0% Interest

Your FICO Score

This is a baseline the bank uses to measure credit worthiness. It’s only one part of the equation and is measured to see if you can qualify for the program on a high level. Banks submit auto declines or push this to the underwriting base of the score.

Your Utilization

This is the measurement of how much credit you borrow. The higher your usage the higher risk of a borrower you are. Underwriting will also look into recently open credit to see if you're borrowing funds from multiple sources which is a no go. If you have multiple credit open in your account that's a red flag. With business credit cards your usage and your opened accounts doesn’t reflect here.

The Amount of Inquiries 


This inquiry is a measurement of how many loans and credit you have been applying for. The greater the amount the more of a serial borrower you are and the less keen the bank is on lending. You can remove the inquiries but if you apply to a bank and then reapply they will know that you did so.

Your Payment History 


This is a record of how you perform relative to your borrowed credit. If you missed any payments here, future creditors will know. Higher risk subprime letters won’t care but prime lenders and national banks will absolutely care.

How I Can Help You

If you like this newsletter and want to work with me, there are a few ways we can do so:

  1. You can apply for a business loan here (link)

  2. You can apply for credit repair by emailing [email protected] “I want credit repair”

  3. You can apply for a free 30 minute strategy session for credit card processing & ACH  here (link)

  4. You can refer clients to me. Any clients you refer to that close we will pay you 10% of the gross margin on the transaction.

Or,  you can reply to this email.

I reply to absolutely everyone.