Disclaimer: Peoples Depot Credit Care is not a funding organization. We have affiliations with lending institutions that we are contracted with to provide them with individuals that needs funding.
Unsecured Personal Funding Program
Overview For Clients
- $20,000 to $200,000
- Funds received as early as 10 days (may take up to 6 weeks for challenged files)
- No employment verification
- One Bureau Only funding options available
- No home or assets required
- No income documentation
- 100% secured
Requirements
- 680+ credit scores (unless active or retired military affiliation)
- Revolving balances below 60%
- Minimum of 3 open, seasoned (24 months), primary revolving line
- No more than 4 inquiries per bureau within the last 90 day
- Discharged BK’s must be over 5 years
- No late payments or collection accounts within the past 12 months
- No fraud alerts reporting to any one bureau
- Address on each bureau must match and report as most current as address on application (we can help you with this)
- Client must receive the funds at their physical home address (no po box, UPS, or company address)
Personal Funding
- We offer unsecured personal funding.
- Depending on the client’s credit, we can fund up to $200,000 as early as 10 days.
- Funding arrives in the form of credit cards. There will be multiple lines averaging between $5,000-$30,000 each. Client will have multiple inquiries; each bank will pull their own credit report.
- Some credit cards may be liquidated, we call these “cashlines.” Cashlines are still credit cards but cards that allow the client to pull 100% of the available credit via check or balance transfer. Not all clients will qualify for cashlines.
- Funds are secured against the client’s personal credit, not business or corporate.
- Proof of Income is not required but may provide additional
funding if submitted. Clients are encouraged to list entire household income on the application. Income stated at 100k and above produce the highest approval amounts. - Clients who have military affiliation may receive additional funding. These clients will be required to provide us with access to their online banking, for any military banks we can get them funding with.
- Learn more on our Military Funding page
Funding Process
- We provide quotes based off our experience. All we need for a quote is a 3-bureau credit report. We accept CreditCheckTotal.com or Equifax.com reports. Quotes are provided within 48 hours.
- Once client turns in their Submission Package(app, contract, dl, ss card, utility bill), file will go into file prep status. We have a 24 hour prep time prior to bank submission.
- Client will be contacted by email and phone by their assign Account Manager. The call will cover all the details of the process. We will not submit to banks until this call is complete.
- Approvals take anywhere from 1 hour to 10 days, depending on if they come back automated or go to a pending status.
- Once each card is approved it is shipped and received within 2-10 business days.
- Our service fee is due within 24 hours of receipt of each card.
- Interest rates vary based on client’s credit. Average rates range between 9%-19.99%. Most cards offer a 0% APR for the first year – most, not all.
- If client needs to liquidate funds, we can provide tips but cannot do this for them. We also do not guarantee that any/or all cards can be liquidated.
Client's Role
We must have full participation from the client during
the entire funding process. Client will need to:
- Self, Spouse, family member or Roommate who is Active, Retired, or Receiving compensation from Military or DOD will qualify you.
- The one who is military affiliated will need to get membership with our military banks first, and then share the benefit with the client (further instruction will be provided)
- Up to $100,000 in Military Funding alone.
- All Cash Accessible lines.
Requirements
We must have full participation from the client during
the entire funding process.
Client will need to:
- Check mail daily Notify us of any missed bank calls
- Send us copies of all bank letters within 24 hours of receipt
- Notify us of all cards received within 24 hours of receipt
- Notify us of any missed bank calls
- Complete all bank instructions received from TFC, within 24 hours of receipt Pay invoices within 24 hours of receipt
