Credit Repair

I posted this once…and its worth posting it again…

As lenders we get application everyday, most incomplete or wrong information and most not updated to current status.

So do us & yourself a favor… Before applying for a loan-Do Your Homework

Here is a simple outline of how you can help repair and or update your credit profile (FREE)

In our current environment getting a loan has become more difficult than normal.

Most lenders have tightened credit ratings, amount of dollars they are willing to lend, and shortened how far out they are willing to go in length of terms (years or months).

Before you start applying for credit as small business, personal loans, student loan, debt consolidation, credit card payoffs, auto loans, or other loan requirements do a few things first: You can do all this FREE

  • Check your credit on all 3 bureaus
  • Fix any negatives or mistakes
  • Dispute or correct any errors
  • Pay late or past due accounts
  • Correct any negative balances that have expired
  • Check payment history-make sure it is actuate
  • Check for any hard inquiries you did not authorize
  • Check for inaccurate balances or outdated information
  • Check for any expired information such as bankruptcies, judgements, liens etc.
  • STOP doing “soft” inquiries-they do count when you get to many.

If you would rather not do it yourself hire a credit correction agency (with extreme caution) check them out.

At Lendingcapital we offer many solutions:

  • Our Free “search” Program with over 30 banks & lenders. We offer alternative lenders if our main partners say no.
  • Our Specialty Financing option, fill out our application & we search with our other partners for loans. All of which there is no fee or obligation.
  • With our search programs you get 30+ lenders & banks to look at you with only one soft pull                                                                                                                               Better Solutions-Better Terms-Better Odds

The Smart Way to Get a Loan

Our Award Winning Service “SEARCH” over 30 top Lenders & Banks for loan offers in 60 seconds

Find great rates without affecting your credit with our “search” on personal loans, home improvement loans, debt consolidation loans, auto loans, student loan refinancing, business loans & more

Free & no obligation

Our service is completely free & there is no obligation to proceed after getting your rate.

The Smart Way To Find a Loan

Well my last few blogs have been about what happens when you apply for a loan of any kind.

Companies set up algorithms at lets say 680 FICO score and you hit 679…you just got turned down.

2nd problem is they have a limited scope of lenders (like CreditKarma etc.) or just a single lender you applied for, and each time you hit that little “lets see what you qualify for” it uses a “soft” pull. Sounds good right? Didn’t hit my credit report right? WRONG

Soft pulls are recorded in a different credit file than hard pulls, hard pulls show up immediately, most credit inquiries stay on your record for 2 years or more, that includes soft pulls.

What happens it accumulates the “soft pulls” and eventually (the lenders see these) and as you have to many-instant turn down. Generally speaking, only about 10-15% of people get approved and usually not what they requested.

Our award winning service searches over 30 top lenders & banks in 60 seconds without impacting your credit score…that’s one “Soft Pull” to reach 30 plus lenders and find the best matches that you can select from. From personal, student, business, auto, home improvement loans and more.

Go to & Start my free search

CREDIT and Small Business

I know some of this seems redundant from previous blogs I have done, but, it seems I need to repeat some of the highpoints (or low points depending on how you look at it). Here is short summary of what you need to get together.  

Remember this: Almost 90% of all bank loans get turned down. 

  • Check your credit BEFORE you apply. Places like  will give you all 3 bureaus. 
  • CORRECT or explain anything that is negative.  
  • Create a marketing and game plan (in writing to present) 
  • Create a BUDGET  
  • Complete a PFS (personal financial statement) 
  • 3 years business and tax returns 
  • 3 years personal tax returns 
  • Profit and loss statement 
  • Cash flow is one of the primary things lenders look for-generally most lenders give around 20% of annual sales 
  • List number of clients (lenders like lots of clients-low number of clients means high risk to a lender 
  • Get your SBSS score (small business scoring service). You can get this at  
  • If you are looking for an SBA loan: the requirements are a  minimum score of 140, most lenders will NOT provide a loan if SBSS score is under 160. The range is 0-300 
  • SBA loans are difficult to get and can be expensive and take up to 3 months or more to fund.  So, if you are in a hurry look elsewhere that is why we offer short and long-term loans. 
  • Personal FICO score-0-840 most lenders want 650 
  • D-UN-N-S number (Dun and Bradstreet-100 as the highest a score of 80 is good-free  
  • Most secondary lenders (non-bank) have very short terms and require daily or weekly ACH payments form your bank 
  • DO NOT apply at several banks or lenders at once or keep applying-every time you do this it pulls down your credit score-you will not get a loan. 
  • Most lenders require a minimum of 3 – 6 months in business and do not do startups. 
  • Have a website, subscribe to places like Yoast (SEO), for backlinks, make sure it is HTTPS (secure) you can have the greatest website but who cares if nobody can find it. 
  • Have engaging content-you only have around 2 seconds or so for someone to keep looking or come back to your site (like this-a blog) 

The old bait & switch,” get approved in seconds and get funded in hours”- in lending instant gratification can cost you a lot of money. High interest, short terms, and not as much as they promised or even turned down after they actually pull your credit. 

We hope this helps you, our goal is always to help businesses and individuals who want to start a business. 

We have realistic lending programs from established to start ups-Lendingcapital is a national direct lending platform. 



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Hard vs. Soft Inquiries

What is a soft inquiry?

Soft inquiries (also known as “soft pulls”) typically occur when a person or company checks your credit as part of a background check. This may occur, for example, when a credit card issuer checks your credit without your permission to see if you qualify for certain credit card offers. Your employer might also run a soft inquiry before hiring you.

Unlike hard inquiries, soft inquiries won’t affect your credit scores. (They may or may not be recorded in your credit reports, depending on the credit bureau.) Since soft inquiries aren’t connected to a specific application for new credit, they’re only visible to you when you view your credit reports.Common Question

Will checking my own credit scores result in a hard inquiry?

Yes it can. Even though this is reported as a soft inquiry, it may not lower your credit score, however, some bureaus report “excessive soft pulls” and will decline as they feel you are looking and being turned down...SO CAUTION on how many soft pills you do. You can check your VantageScore 3.0 credit scores from two major credit bureaus, TransUnion and Equifax, for free at creditkarma.

Examples of hard and soft credit inquiries

The difference between a hard and soft inquiry generally boils down to whether you gave the lender permission to check your credit. If you did, it may be reported as a hard inquiry. If you didn’t, it should be reported as a soft inquiry, again, many soft pulls can cause a lender to decline your application.

Let’s look at some examples of when a hard inquiry or a soft inquiry might be placed on your credit reports. Note: The following lists are not exhaustive and should be treated as a general guide.

Common hard inquiries

  • Mortgage applications
  • Auto loan applications
  • Credit card applications
  • Student loan applications
  • Personal loan applications
  • Apartment rental applications

Common soft inquiries

  • Checking your credit scores
  • “Pre-qualified” credit card offers
  • “Pre-qualified” insurance quotes
  • Employment verification (i.e. background check)

Keep in mind, there are other types of credit checks that could show up as either a hard or soft inquiry. For example, utility, cable, internet and cellphone providers will often check your credit.

If you’re unsure how a particular inquiry will be classified, ask the company, credit card issuer or financial institution involved to distinguish whether it’s a hard or soft credit inquiry.

How to dispute hard credit inquiries

We recommend checking your credit reports often. If you spot any errors, such as a hard inquiry that occurred without your permission, consider disputing it with the credit bureau. You may also contact the Consumer Financial Protection Bureau (CFPB) for further assistance.

This could be a sign of identity theft according to Experian, one of the three major credit bureaus. At the very least, you’ll want to look into it and understand what’s going on.

Keep in mind, you can only dispute hard inquiries that occur without your permission. If you’ve authorized a hard inquiry, it generally takes two years to fall off your credit reports.How to dispute an error on your credit report

How to minimize the impact of hard credit inquiries

When you’re buying a home or car, don’t let a fear of racking up multiple hard inquiries stop you from shopping for the lowest interest rates.

FICO gives you a 30-day grace period before certain loan inquiries are reflected in your FICO® credit scores. And FICO may record multiple inquires for the same type of loan as a single inquiry as long as they’re made within a certain window. For FICO scores calculated from older versions of the scoring formula, this window is 14 days; for FICO scores calculated from the newest versions of the scoring formula, it’s 45 days.

Similarly, the VantageScore model gives you a rolling two-week window to shop for the best interest rates for certain loans. “That way, they only impact your credit score once,” the company says.

Bottom line

Your credit scores play a big role in your financial well-being. Before applying for credit, take time to build your credit scores. With stronger credit, you may improve your chances of being approved for the financial products you want at the best possible terms and rates.

To help you keep track of hard inquiries that may influence your credit scores, check your credit reports from TransUnion and Equifax . While one hard inquiry may knock a few points off your scores, multiple inquiries in a short amount of time may cause more damage.

Beware – Be Smart – Be Informed-Scams

An Update from the California Department of Business Oversight


Do Your Homework
In light of recent events, the Department of Business Oversight (DBO) urges consumers and investors to be alert to scams and unlawful activities in the investment and other financial services industries. The DBO encourages investors to carefully investigate any potential investment opportunities at a time when unscrupulous actors will likely try to exploit heightened economic anxieties. Consumers and investors can submit complaints to the DBO at

Loan Modification and Foreclosure Scams 

Homeowners facing foreclosure should be aware of these common scams:

Deed-Transferring to Third Party – Scammers have told homeowners that by transferring the deed to their home to a third party, they will no longer be responsible for their mortgage payments. This is NOT true. Transferring a title does not relieve a borrower from their mortgage payments. Scam artists often ask for up-front fees to make the deed transfer and promise to rent the house back to the homeowner until the homeowner can afford to buy the house back. If you are facing foreclosure, investigate payment options with your mortgage servicer and do NOT sign your property away.

Intentional Default – Scam artists urge homeowners to not pay their mortgage in order to get a loan modification. While there is no right to a loan modification, the terms and standards for a loan modification are always determined by the mortgage loan servicer – no one else. If you are having difficulty making mortgage payments, you should contact your mortgage servicer directly or contact a HUD certified counselor (888-995-4673) for help.

Banks, credit unions, and mortgage lenders and servicers also have agreed to allow homeowners impacted by the COVID-19 pandemic to delay or reduce their mortgage payments for up to three months. See the DBO’s COVID-19 Updates page at

Lending Scams

Advance Fee Scams – The DBO encourages consumers in need of cash to avoid advance fee scams in which fraudulent companies promise loans if a consumer pays a substantial up-front fee first. Do NOT pay anyone asking for upfront/advance fees for loan modification services or mortgage forbearance services. Contact the California Department of Real Estate (DRE) immediately at 877-373-4542 or at Advance fees for loan modifications are NOT legal in California. In addition, collecting late fees is prohibited while a loan modification application is under review, a denial is being appealed, or a borrower is making timely payments.

Potential Investment Related Scams

The DBO encourages investors to be wary of investment schemes promoting cures in connection with the current public health emergency, or other investment opportunities related to the economic downturn. Schemes may attempt to convince investors to liquidate their savings or sell their current holdings to purchase overvalued assets, assets that come with very high fees or assets of uncertain or questionable value, such as cryptocurrencies or precious metals.

Pension Advances – The scam involves investors who provide funds to make cash advances and pensioners who are willing to turn over future pension payments in exchange for an immediate lump sum cash payment.

Opportunity Zones – An Opportunity Zone is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. These types of investments are available only through a Qualified Opportunity Fund (QOF). A QOF may invest in property or a business located in an opportunity zone. Investors considering these investments should consult with their qualified tax adviser because of the complex tax implications. Just because the property is located within an opportunity zone does not automatically make it a good investment. To the contrary, opportunity zones are economically distressed areas which pose additional risks.

Check Before You Invest

The Department of Business Oversight encourages consumers to check the licensing status of companies prior to transacting business. California consumers should contact the Department to check on the licensing of companies offering loans, investments, or other financial services. This can be done by visiting the Licensee listing on the DBO website or calling the Department’s toll-free Consumer Services Office at (866) 275-2677.

How to Protect Yourself:

·         Before investing in any investment, ask questions about the risks and fees involved. Conduct your own independent research or seek the opinion of a financial professional who is registered with your local securities regulator.

·         Never invest in something you don’t fully understand. Do not agree to participate in a general partnership or joint venture if you have no specific experience, knowledge or education in the type of business and would have to rely on others’ expertise.

·         Beware of sales techniques that include repeated phone calls, cold calls, or high-pressure sales pitches hyping the profitability of the deal or promising a sure thing.

·         Do not be fooled by professional-looking websites boasting current productivity levels and profits and featuring photos of new production sites.


SBA PPP Program

Visit our website: For more information & submit your application & upload required documentation and requirements.

We have several SBA approved lenders who are participating in the new SBA PPP Program. Fill out the application below along with the required documentation . Keep in mind that banks are presently only processing PPP loans for those who have an existing deposit or lending relationship with them (we do not have that rule). Banks also have certain statutory lending limits that our non-bank lenders do not – Many banks are not participating in the program

When do I Apply for the Loan?

  • Starting on April 3, 2020, small businesses and sole proprietorship’s can apply to receive loans to cover payroll and other certain expenses.
  • Starting on April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses.

Applying for Loan Forgiveness

To obtain loan forgiveness through the PPP, you will need to provide verification to your lender for the number of full-time equivalent employees and pay rates, payments on eligible mortgage, lease, and utility obligations. You must certify that these documents are true and that you used the forgiveness amount to retain employees and made eligible mortgage interest, rent, and utility payments. The lender must make a decision on forgiveness within 60 days.

Important Things to Note About the PPP:

  • Loans will be made by lenders who are participants in the SBA’s Section 7(a) program and those lenders will also decide whether to accept a borrower’s application for forgiveness.
  • Detailed accounting and complete record keeping will be vital to taking advantage of these provisions.
  • The loan period for this program began on February 15, 2020 and will end on December 31, 2020.

Documents that will be required:

  • IRS Form – 940 (Annual Payroll) If you use a PEO instead, please request the payroll annual statement
  • IRS Form – 941 (Quarterly Payroll) We need all 4 quarters from 2019
  • IRS Form – W9 (For any 1099 employees)
  • Driver’s License Color Copy (For anyone with more than 20% ownership)
  • Voided Check for the business account.

In addition the following information must be provided

  1. Number of Employees as of December 31st, 2019
  2. Number of Employees as of February 15th, 2020
  3. 2019 Annual Gross Revenue for the Business
  4. 2019 Payroll Cost
  5. Date started business
  6. Monthly Rent or Mortgage

Don’t wait-it costs you nothing to apply…



Are you on the Merchant TMF-Matched File?

We can help get you back in business!

Chances are, you’re reading this article because you’ve just found out that you’ve been added to the Terminated Merchant File (TMF) or MATCH list. And now you’re scrambling to figure out what this “list” or “file” actually is, and how you can get yourself off of it. Am I right?

Well, don’t feel too bad, because you’re not the only merchant who’s been caught off guard. The truth is that most merchants don’t know that they are TMF’d or MATCH’d until they submit an application for a new account elsewhere and find that they are declined. At which point, the reason for the decline is revealed to them.

MATCH is a system created and managed by MasterCard. It is essentially a database that houses information about businesses (and their owners) whose credit card processing privileges have been terminated for reasons which I’ll discuss later.

It is used by acquiring banks (aka merchant processing banks) to screen potential applicants to see if that applicant has been terminated in the past. Acquiring banks also have the ability to add or remove merchants to or from the MATCH database, given they have justification.

In a nutshell, the MATCH file is like a “blacklist” that banks can cross-check when they take on new business. That way, they won’t get stuck with any bad apples.

When a merchant is placed on the MATCH list, the business name, principal, and any business partners are all recorded on file and basically blackballed (for the most part) from opening any new merchant accounts elsewhere. Once on the MATCH, it is extremely difficult to obtain a new merchant account by any other bank.

The reasons for being added to the MATCH database can vary. Having too many chargebacks, participating in fraudulent activity, or money laundering are all activities that can get you listed.

In the past, MasterCard made it really easy for acquiring banks to add merchant’s to the list, but in recent years, they’ve become more strict with their guidelines.

Here’s a quick table I pulled from the MasterCard website (see table 11.3). The numbers before each category are “reason codes,” so if somehow you only have a reason code, you can look for it in the table to find out what it means.

Code Description
01 Account Data Compromise
The Merchant unknowingly or unintentionally facilitated, by any means, the unauthorized disclosure or use of account information.
02 Common Point of Purchase (CPP)
The Merchant knowingly caused or facilitated, by any means, the unauthorized disclosure or use of account information.
03 Laundering
The Merchant was engaged in laundering activity. Laundering means that a Merchant presented to its Acquirer Transaction records that were not valid Transactions for sales of goods or services between that Merchant and a bona fide Cardholder.
04 Excessive Chargebacks
With respect to a Merchant reported by a Mastercard Acquirer, the Merchant’s chargebacks in any single month exceeded 1% of its Mastercard sales Transactions in that month, and those chargebacks totaled USD 5,000 or more. With respect to a merchant reported by an American Express acquirer (ICA numbers 102 through 125), the merchant exceeded the chargeback thresholds of American Express, as determined by American Express.
05 Excessive Fraud
The Merchant effected fraudulent Transactions of any type (counterfeit or otherwise) meeting or exceeding the following minimum reporting Standard: the Merchant’s fraud-to-sales dollar volume ratio was 8% or greater in a calendar month, and the Merchant effected 10 or more fraudulent Transactions totaling USD 5,000 or more in that calendar month.
07 Fraud Conviction
There was a criminal fraud conviction of a principal owner or partner of the Merchant.
09 Bankruptcy/Liquidation/Insolvency
The Merchant was unable or is likely to become unable to discharge its financial obligations.
10 Violation of Standards
With respect to a Merchant reported by a Mastercard Acquirer, the Merchant was in violation of one or more Standards that describe procedures to be employed by the Merchant in Transactions in which Cards are used, including, by way of example and not limitation, the Standards for honoring all Cards, displaying the Marks, charges to Cardholders, minimum/maximum Transaction amount restrictions, and prohibited Transactions set forth in Chapter 5 of the Mastercard Rules manual. With respect to a merchant reported by an American Express acquirer (ICA numbers 102 through 125), the merchant was in violation of one or more American Express bylaws, rules, operating regulations, and policies that set forth procedures to be employed by the merchant in transactions in which American Express cards are used.
11 Merchant Collusion
The Merchant participated in fraudulent collusive activity.
12 PCI Data Security Standard Noncompliance
The Merchant failed to comply with Payment Card Industry (PCI) Data Security Standard requirements.
13 Illegal Transactions
The Merchant was engaged in illegal Transactions.
14 Identity Theft
The Acquirer has determined that the identity of the listed Merchant or its principal owner(s) was unlawfully assumed for the purpose of unlawfully entering into a Merchant Agreement.

How Long Are You On the List?

According to this Mastercard PDF (see section 11.2.6), you’ll remain in the system for 5-years

We can help…TMF or Matched file: CBD-High Risk-Kratom-Flower-Pre-Roll-Hemp-Vape-Loans-Equipment Leasing and other high risk merchants

Go to our website fill out our no cost no obligation website and see how we can help you get back to business:


eCommerce for CBD-Flower-SEED

CBD merchants tired of not being able to process credit cards to you site?

The banking and processing industry  has a stigma against cbd merchants in general-BUT ESPECIALLY FOR FLOWER merchants.

Well, we are happy to say that we can end your misery in that department…with great rates, terms, very few conditions, and NO LOOKING OVER YOUR SHOULDER waiting to be cancelled.

Check this out:



All rates are determined by underwriting…no applications will be processed until all information is complete – including any additional information we may request

* rate of 4.95- 6.95                                                                                                                                    (6.95 for start ups)  Reviewed every 90 days                                                                                  * $.35 transaction
* 10% reserve for 180 days under 50K Monthly volume
* 5% reserve for 180 days over 50k Monthly    Volume

No reserves over 100K Monthly Volume
* Interchange plus pricing over $200k Monthly Volume
* Visa/MasterCard
* 7 day approval time to go live

Our program has  a 90% plus approval rate and 90% plus no cancellations except for excessive chargebacks