Diving into Personal Loans
Good day, colleagues.
Working with loans in credit unions (CU) is one of the oldest and least popular areas.
Many of you have heard about loans in such companies as: Moneylion, Onemain Finance, Happy Money, Sofi, Upgrade, Credit Ninja and many other companies.
Almost all of them are fucked up and down, they ask for a bunch of documents, even the color of the holder's underwear.
In this article, we will dive into a more private area of personal loans.
When receiving loans, I practically did not take screenshots, but I will still warm up your interest. Moreover, so that your lip does not roll, I will immediately inform you that this is far from a money button.
Some of you may have tried to do something similar, but for one reason or another, you gave up.
So, let's get started!
We work with small banks, also known as credit unions - Credit Union.
Actions to prepare a full lock before submitting applications to CU:
1. Full locks with a credit rate of 800-850. This is not an easy task, these full locks are hard to collect manually. Where you get them is up to you, but you can buy them for $5-8.
2. Rent a phone number for each full lock for a month.
3. You need to add the number to your credit report. Again, you will have to resort to the help of services that do this. The price is $30-70. If you have a way to add a number, it will be easier for you.
4. Punch DL (preferably with MVR)
5. Punch BG and CR
Having prepared the fulls, we proceed to the next stage, namely, applying for a loan in CU.
1. The first thing we do is choose a bank. In fact, this direction implies constant tests, since it will not be such that one bank will allow you to get many loans. Therefore, we take all cu banks, in the state of KH, let's say this is Alaska. We have 10 prepared fulls with high KS.
We choose banks and apply for a loan.
After that, fill out the application for a loan by clicking apply online
We are transferred to fill out an application, we try to fill it out as plausibly as possible, we indicate information from the BG and KR. No need to try to take exorbitant amounts, given that each bank has its own limits, this can be found on the website. An adequate range of the loan is 5-25 k.
Salary calculation: a person works full time 40 hours a week, 4 weeks, 12 months. It remains to find out the payment per hour. For example, $ 51.15 per hour, so 51.15 * 40 * 4 * 12 = $ 98,208 is an annual salary.
At the end of the application, depending on the bank, there may be BG questions, if you do not pass them, then your application will be canceled.
2. After sending the application, within 1-3 banking days, the support service that processes your application will call you, you need to ask him questions and clarify the details. Therefore, you will need a caller who does not hang up at the first difficulty. In the technical specifications, write down all the information and wait for them to call. If everything is fine, the call will answer your questions and the support will send your application to the underwriter for consideration. This person decides whether to issue a personal loan, since we have full accounts with a high ks, there should be no problems. But each bank has its own rules and even with 850 ks, you can be refused.
3. If your application is approved, you will receive a letter from the support team with further actions. You will be asked to send a photo of the DL front and back, paystubs and, depending on the bank, other documents. Now we need a smart renderer who will make high-quality documents and smart photos with metadata, which we will send in a return message, by mail, to our support. If anything, we answer in English.
4. If your documents do not arouse suspicion, then you will be asked to apply for membership in CU. The thing is that all applications are submitted through forms and you need to top up your balance. Sometimes there is no minimum balance and you can register without a deposit. In most cases, a minimum deposit is required and, depending on the bank, is $5-100.
5. Next, you apply for membership, attach the drawn DL, and go through the BG questions. If you did everything correctly, the documents are drawn perfectly, then you will be approved for membership, they will send you an account number and you will enroll.
6. After creating an account, you write to your support, send the account number, he will prepare the documents for signing. You will receive a docusign letter, to open it you need to go through a difficult BG of 6 questions. If you screw up, you will not be able to open the file. You will have to call the support and ask them to send it again, at most they will send you one more time, if you cannot pass - decline and come to the branch.
7. Answer the questions correctly, a docusign document will open, there is nothing complicated there, sign. After that, within 24 hours, the loan will be transferred to your checking or saving account, depending on which accounts you registered.
8. The loan is on your checking, now you need to withdraw it. Link and deposit from your offices, register some investments and withdraw via return or withdraw externally to the same name VCC.
IMPORTANT COMMENT:
This topic is not for everyone.
I will provide approximate expenses:
1. Fulls with high ks 10 pieces ($50-80)
2. Rent a number for the staff, for each full ($200-300)
3. Punch DL for each full ($100)
4. Add a number to the kr, to those fulls where DL is for the staff ($200-300)
5. Drawing DL, paystabs, etc. ($200-300)
6. Calling. On each full, depending on the situation from 3 to 7 calls ($600-1000)
7. Replenishment of self-registration BA, upon registration ($50-500). In some BA there is no minimum deposit and you can register without a deposit, but this is not always lucky.
As we can see, using 10 full locks requires spending about $1,500 - $2,000.
And it is far from certain that you will be able to issue, receive and withdraw a loan. And considering that this can happen 2 or 3 times, you will only lose.
Believe me, this happens, so draw your own conclusions about whether it is worth pursuing this direction.
Good day, colleagues.
Working with loans in credit unions (CU) is one of the oldest and least popular areas.
Many of you have heard about loans in such companies as: Moneylion, Onemain Finance, Happy Money, Sofi, Upgrade, Credit Ninja and many other companies.
Almost all of them are fucked up and down, they ask for a bunch of documents, even the color of the holder's underwear.
In this article, we will dive into a more private area of personal loans.
When receiving loans, I practically did not take screenshots, but I will still warm up your interest. Moreover, so that your lip does not roll, I will immediately inform you that this is far from a money button.
Some of you may have tried to do something similar, but for one reason or another, you gave up.
So, let's get started!
We work with small banks, also known as credit unions - Credit Union.
Actions to prepare a full lock before submitting applications to CU:
1. Full locks with a credit rate of 800-850. This is not an easy task, these full locks are hard to collect manually. Where you get them is up to you, but you can buy them for $5-8.
2. Rent a phone number for each full lock for a month.
3. You need to add the number to your credit report. Again, you will have to resort to the help of services that do this. The price is $30-70. If you have a way to add a number, it will be easier for you.
4. Punch DL (preferably with MVR)
5. Punch BG and CR
Having prepared the fulls, we proceed to the next stage, namely, applying for a loan in CU.
1. The first thing we do is choose a bank. In fact, this direction implies constant tests, since it will not be such that one bank will allow you to get many loans. Therefore, we take all cu banks, in the state of KH, let's say this is Alaska. We have 10 prepared fulls with high KS.
We choose banks and apply for a loan.
After that, fill out the application for a loan by clicking apply online
We are transferred to fill out an application, we try to fill it out as plausibly as possible, we indicate information from the BG and KR. No need to try to take exorbitant amounts, given that each bank has its own limits, this can be found on the website. An adequate range of the loan is 5-25 k.
Salary calculation: a person works full time 40 hours a week, 4 weeks, 12 months. It remains to find out the payment per hour. For example, $ 51.15 per hour, so 51.15 * 40 * 4 * 12 = $ 98,208 is an annual salary.
At the end of the application, depending on the bank, there may be BG questions, if you do not pass them, then your application will be canceled.
2. After sending the application, within 1-3 banking days, the support service that processes your application will call you, you need to ask him questions and clarify the details. Therefore, you will need a caller who does not hang up at the first difficulty. In the technical specifications, write down all the information and wait for them to call. If everything is fine, the call will answer your questions and the support will send your application to the underwriter for consideration. This person decides whether to issue a personal loan, since we have full accounts with a high ks, there should be no problems. But each bank has its own rules and even with 850 ks, you can be refused.
3. If your application is approved, you will receive a letter from the support team with further actions. You will be asked to send a photo of the DL front and back, paystubs and, depending on the bank, other documents. Now we need a smart renderer who will make high-quality documents and smart photos with metadata, which we will send in a return message, by mail, to our support. If anything, we answer in English.
4. If your documents do not arouse suspicion, then you will be asked to apply for membership in CU. The thing is that all applications are submitted through forms and you need to top up your balance. Sometimes there is no minimum balance and you can register without a deposit. In most cases, a minimum deposit is required and, depending on the bank, is $5-100.
5. Next, you apply for membership, attach the drawn DL, and go through the BG questions. If you did everything correctly, the documents are drawn perfectly, then you will be approved for membership, they will send you an account number and you will enroll.
6. After creating an account, you write to your support, send the account number, he will prepare the documents for signing. You will receive a docusign letter, to open it you need to go through a difficult BG of 6 questions. If you screw up, you will not be able to open the file. You will have to call the support and ask them to send it again, at most they will send you one more time, if you cannot pass - decline and come to the branch.
7. Answer the questions correctly, a docusign document will open, there is nothing complicated there, sign. After that, within 24 hours, the loan will be transferred to your checking or saving account, depending on which accounts you registered.
8. The loan is on your checking, now you need to withdraw it. Link and deposit from your offices, register some investments and withdraw via return or withdraw externally to the same name VCC.
IMPORTANT COMMENT:
This topic is not for everyone.
I will provide approximate expenses:
1. Fulls with high ks 10 pieces ($50-80)
2. Rent a number for the staff, for each full ($200-300)
3. Punch DL for each full ($100)
4. Add a number to the kr, to those fulls where DL is for the staff ($200-300)
5. Drawing DL, paystabs, etc. ($200-300)
6. Calling. On each full, depending on the situation from 3 to 7 calls ($600-1000)
7. Replenishment of self-registration BA, upon registration ($50-500). In some BA there is no minimum deposit and you can register without a deposit, but this is not always lucky.
As we can see, using 10 full locks requires spending about $1,500 - $2,000.
And it is far from certain that you will be able to issue, receive and withdraw a loan. And considering that this can happen 2 or 3 times, you will only lose.
Believe me, this happens, so draw your own conclusions about whether it is worth pursuing this direction.
