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akademikjeanius

UCC's

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There is a question some times if they hurt or help.. The general thinking is they help build credit but I'm not sure either way.. Basically it shows if you have a larger secured type debt your paying on, really a non issue of that debt is in your credit reports anyway.

 

Some people have been denied credit with a UCC filing showing since the creditor obviously is confused to what it really is.

Edited by BRBiz

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There is a question some times if they hurt or help.. The general thinking is they help build credit but I'm not sure either way.. Basically it shows if you have a larger secured type debt your paying on, really a non issue of that debt is in your credit reports anyway.

 

Some people have been denied credit with a UCC filing showing since the creditor obviously is confused to what it really is.

Those who mentored me in biz credit have always said it helps immensely once the debt shows paid on-time and in full. Looks like a case study is in order on my side. Thanks.

 

Thanks for that link. Good read.

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And you will see some creditors who will decline based on seeing them, they think it's some sort of judgement!

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