Hello everyone. I’m looking to liquidate my business blue Amex. Any tips or pointers?

Got this offer from a friend of mine for a Chase account for a 2 year old charged off account. Original balance was $39,617.52 and they were willing to settle for $3,961.76 which is basically a 90% discount AND they were willing to give him 4 months to pay it off meaning 4 installments of $990.44 Keep in mind the Statute Of Limitations on debt in the state where he’s from (NY) is only 3 years so that could have A-LOT to do with it. Remember what i said on my previous post, it’s not just about how much money you get from the banks, it’s about WHO you owe that money too 😉 Do you think Wells Fargo, American Express or TD bank would offer a similar discount? Doubt it.

Just swinging by to drop a quick update and a hot tip for anyone looking to expand their business funding options. So, this Monday was a big win for me—I closed not one, but two business accounts with Truist. Here’s the scoop: I managed to secure a $20,000 business credit card and a $50,000 loan with a 60-month term at 8.9%. The best part? This was all done with no documentation and just one hard pull from Equifax. That’s a smooth $140,000 added to my resources, and it couldn’t have come at a better time as I’m spinning up my HVAC company. Why do I love Truist so much? Well, check this out—I’ve got nine accounts with them: - Four cards with a $100,000 limit - Three cards with a $50,000 limit - Two cards with a $20,000 limit My highest BLOC is sitting pretty at $250,000, with the lowest at $50,000, secured just 9 months ago. Truist always pulls from Equifax for me. Now, with my eyes set on expanding even further, I’m heading to another branch to see if I can replicate my success. For my two businesses, Truist previously suggested they’d back me with both conventional term loans and BLOCs without the fuss of paperwork for the vehicles: - For Business #1: $50k + $50k - For Business #2: $100k + $50k Also, a heads-up for the newbies out there or smaller setups: Truist rang me up the other day offering a simple business loan of up to $25,000 for those operating under 2 years—pretty solid if you’re just getting your feet wet. I’ve attached the info on that Simple Business Loan from Truist for you to check out. Definitely worth looking into if you’re in a similar boat. I’m eager to hear your thoughts and any experiences you’ve had with business financing. Hit me up, let’s make sure we’re all making the most out of every opportunity!

I've been on a financing spree lately, applying for no-doc Business Lines of Credit (BLOCs) for some owner media deals I've been preparing for. I've been networking with various regional and local banks, and here are my approvals so far: 1. Truist Bank: Offered up to $50K, and I got it approved. Note that Truist's no-doc offerings vary by state, so check with your local banker before diving in. 2. City National: These guys have a higher limit—up to $250K. I pushed the limit and got approved for a whopping $244K! 3. Umpqua Bank: Offers up to $100K, and yes, I snagged the full $100K. The process was smooth and definitely worth checking out. 4. PNC: Known for up to $100K, I walked away with $70K. Not bad, considering the straightforward process. 5. BMO: Offers up to $50K; I was approved for $35K. A bit more conservative, but their regional limitations play a part. 6. Key Bank: Also caps at $50K, and I got the maximum approval. Key Bank has been consistent and reliable. Insights from My Visits: East coast banks seem more generous with their BLOC offerings. Also, it's crucial to be in the "footprint" area of these banks for BLOCs, though this isn’t as strict for nationwide credit. I run a Wyoming LLC among others and have encountered some issues with no-doc loans due to not registering as a foreign entity in California—refusing to shell out $800 in default taxes there since I’m not active in CA anymore. My Advice: Always confirm with your banker about current no-doc loan programs as banks tend to change their offerings. Being informed and prepared can make a significant difference in your applications. Anyone else applying for BLOCs or have experiences with these or other banks on the east coast?

Wow, it feels like a weight has been lifted off my shoulders to finally be able to share this with everybody. NuLeaf Academy Is a community with one goal in mind - To bring more transparency to the credit repair industry 💳 To do this we will be showing you the EXACT strategies we use to fix hundreds of clients credit reports over the years. ALL FOR FREE. Why? Because the current "norm" is you pay someone in the credit repair space a TON of money and you have to hope & pray that they are doing things the right way. THIS STOPS TODAY we will show you the exact strategies that we use to get consistent results for our clients. but I can't do this alone, unfortunately. A community can't just be one person talking into the abyss. So for this community to be a success we need to engage with each other 🤝 P.S - To make sure you get the MOST out of this community make sure to download the "Skool" app Can't wait to see where we take this. Together.