momoney asked:
Bad credit, no capital, and no Collateral. Is this possible? This is a functioning franchise with great sales intake.
Credit Mechanics
Bad credit, no capital, and no Collateral. Is this possible? This is a functioning franchise with great sales intake.
Credit Mechanics
April 2nd, 2009 at 12:37 am
CreditMechanics.com
No. Suggest you get a co signer or partner.
April 5th, 2009 at 7:16 am
Credit Mechanics
No matter how well the franchise is performing, it is a virtual certainty that the franchisor will not approve someone taking on a franchise with bad credit, no capital and no collateral.
The reason that franchises are often more successful than independent businesses is that they rigourously vet the potential franchisees to ensure they are a good fit and likely to perform to the standards required. With the history that you are describing, you’re not likely to fit that description – sorry.
April 5th, 2009 at 7:47 pm
CreditMechanics.com
Probably not. If you want some advice – try – this a group of retired business folks. Never heard a bad thing about them, but haven’t used them.
Self employment requires lots of capital & credit. Good luck.