JCH-Group, LLC

Funding FAQ

Q1:  Will we need to pay any upfront charges with your personal funding services?

A:   Majority of the time there is no upfront fee but in certain cases there may be a small application fee.

Q2: How many trade lines/credit accounts will I need to have reporting on my credit in order to qualify for funding?

A: You will need at least 3 open and active Primary trade lines on your credit report.  Trade lines should be at least 1-year-old however 2 years are preferred.

Q3: Can a co-signer be used when applying for a personal loan?

A: No, a co-signer may NOT be used.  Whoever is on the loan application must meet all qualifications for funding.

Q4: What is the minimum credit score required to obtain a personal funding?

A: Depending on the funding amount, program and source the minimum is 680.  In addition, your credit profile must also meet other basic qualifications.

Q5: Can I still qualify for a loan with a Bankruptcy on my credit report?

A:  Yes, numerous funding products allow for a BK but must be at least 5 years old.

Q6: A review of the General Information will take approximately how long?

A:  The review will take typically 1 to 3 business days.

Q7: How long does it take to complete the personal funding process?

A: Depending on the amount of requested funds, the funding source and the client providing all the required documents in can take from 1 to 2 weeks but in numerous funding only 4 to 7 days 

Q8: Will Income documentation be needed for personal funding?

A: Income documentation in numerous funding are not required but depends on the type of funding of loans.

Q9: Is there an ALL cash funding option?

A: No, personal funding comes in the form of major cards being issued, personal lines of credit and cards- such as: Visa, MasterCard, American Express and Discover. Funding on numerous programs may be check or direct deposit, or wire transfer. 

Q10: When will I be required to pay the fees for you providing the personal funding services?

A: Payment is due either at time of funding or within 24 hours receiving funding. This will depend on type of funding and the funding source.

Q11: What forms of payment will you accept for payment?

A: We collect our fee via several methods of payment:  PayPal, Credit Card Charge Authorization Form, Online Balance Transfer, and Direct Deposit.

Q12: Can you do personal funding using only my Equifax credit file and not Experian or Transunion?

A: We can do personal funding using only Equifax credit or only Experian.  We do not provide funding with Transunion only.

Q13: What is the max amount of funding I can obtain?

A: Based on the strength of the personal or business credit file and the funding program.

Q14: Will you be removing credit inquiries from my report following funding?

A: No, we do not provide removal of credit inquiries.

Q15: What is the minimum amount of funding available through your personal funding services?

A: The minimum amount of funding we will submit for is $20,000.  However, approvals can come back lower than that amount.

Q16: Do you provide credit repair services?

A:  No, we do not provide credit repair services.