HOW TO GET APPROVED FOR $50000 NAVY FEDERAL BUSINESS CAR LOAN WITH NO BUSINESS CREDIT

For people who need: 👉Personal Credit Funding, 👉Business Credit Funding, 👉Credit Builders,
Business Formation, 👉Investments, 👉Paystubs, 👉Credit Scores & Credit Reports, 👉Others

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Video Summary:

Hey YouTube, it's Houston here. If you're looking to get a car for your business through Navy Federal, let me explain why even with perfect credit and a high income, it may not be enough. I recently had a client with great credit and income, but there were four things that stopped them from getting approved. First, they went on a credit card spending spree and had multiple hard inquiries on their credit. Second, they had too many open revolving accounts, even though they were paid off each month. I always recommend paying down your revolving accounts before applying for new credit. Third, they had multiple new accounts that were less than a year old, which made them appear high risk. These factors led to their denial, despite their good credit and income.

If you're applying for a car loan under your business, you have two options: apply for a personal loan and transfer it to a business auto loan, or go for a commercial loan. To do this, you'll need to fill out a business application and provide a bill of sale and proof of mileage. It's important to be cautious when using a check from the credit union, as you can still be financially liable even if you don't receive the car. Navy Federal will pull your TransUnion for personal car loans and your Experian for commercial car loans. Remember, they use FICO 9 for both. If you want to know your FICO 9 credit score or need help with your personal or business credit, click the link in the description to schedule a consultation.

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The content of this YouTube channel is provided for informational purposes only and is not intended to constitute legal advice or financial advice. You should not rely upon any information contained on this YouTube channel for financial advice. Viewing this YouTube channel is not intended to and shall not create an client relationship between you and Houston Mcmiller or Business Credit America, Inc, or any of our associated websites. Messages or other forms of communication that you transmit to this YouTube channel will not create an client relationship and thus information contained in such communications may not be protected as privileged. Neither Houston Mcmiller nor Business Credit America, Inc, or any of our associated websites makes any representation, warranty, or guarantee about the accuracy of the information contained in this YouTube channel or in links to other YouTube channels or websites. This YouTube channel is provided ""as is,"" does not represent that any outcome or result from viewing of this channel. Your use viewing of this YouTube channel is at your own risk. You enjoy this YouTube channel and its contents only for personal, non-commercial purposes. Neither Houston Mcmiller, Business Credit America, Inc, or any of our associated websites, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.

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*QUICK DISCLAIMER: I AM NOT A TAX EXPERT. I AM A RANDOM GUY ON YOUTUBE MAKING VIDEOS IN A SPARE BEDROOM. DON’T LISTEN TO ME. CONSULT A QUALIFIED PROFESSIONAL FOR ANY TAX ADVICE.*"

[craigt]

You just proved my point that inquiries matter to these lenders (I love how some of these credit youtubers tell people don't worry about hard inquiries since it only temporary drops your score) But obviously it does matter to the lenders.

[shaquille]

Hi im trying to get a tesla on the business side thru navy federal.. use it for rentals in Las Vegas and Uber but im trying to get a high limit. I have a $25k personal credit card with them

[calisingh]

If ya gonna crash your credit with card pulls do 20 all in one or two nights when you know everything is looking good so you will take hit but walk away with many cards to work with.

[hustledimes]

Teach me🙏🏽❤️🫡 Yes sir and Thank you 🙌🏽🫡🫡