Family, quick heads up. The midterms are two weeks out, on Tuesday, November 3. This post isn't about politics or who wins. It's about how banks act when the road ahead is uncertain: they get careful. And it's already happening. Here's what has changed: 🔺 Rates went up. On September 16 the Fed raised its benchmark rate a quarter point to 3.75%–4%. That's the first hike in more than three years. The next Fed meeting is October 27–28, one week before the election. 🔺 Banks are getting stricter. In the Kansas City Fed's latest small-business lending survey, more banks tightened standards than loosened them. 73% of those banks pointed to an uncertain economic outlook. 🔺 Credit cards too. 7% of banks in the Fed's latest Senior Loan Officer Survey said they tightened credit card standards. 🔺 The rules are in play. Regulators have proposed changes to how banks hold capital, and the next Congress could reinforce, limit or redirect them. Banks tend to lend more cautiously until the rules are settled. What this means for YOU: 👉🏽 Under 700: When banks tighten, the first applications they turn down have scores under 700, maxed-out cards, or collections still reporting. Waiting it out doesn't fix that. Knowing exactly what's holding your file back, and fixing it in the right order, does. 👉🏽700+: Strong files are still getting approved. But lenders are getting less tolerant of high utilization, recent inquiries, and applications sent in the wrong order. If you qualify today, this is your window to line up 0% business credit with a plan. Elections come and go. A file that's ready for lenders keeps your options open either way. 💪🏾 Drop a 🔥 below if you're getting your file ready this month, and bring your questions to Mindset Monday. Let's fund. 💸 – Timo

If LightStream was on your funding list, take it off. As of this past weekend, LightStream (Truist's online lending arm) is no longer accepting personal loan applications. Their website now says so outright. What happened On October 14, Truist agreed to sell $7.7 billion of unsecured consumer loans to Carlyle Group. It announced the sale with its Q3 earnings. Truist's CEO described the move as simplifying the company and focusing its resources. Translation: they're getting out of the online personal loan business. If you already have a LightStream loan 👉🏽Your loan isn't going away. Keep making your payments on time. 👉🏽You can still log in and manage your account. 👉🏽 Nothing has changed with servicing or payment instructions yet. If a transfer notice shows up in your mail or email, read it carefully and confirm it's legit before you send money anywhere new. If you were planning to apply LightStream was one of the go-to lenders for strong-credit borrowers: big amounts, low rates, fast funding. That door is shut, so the playbook shifts: 1. Know your strongest bureau first. Lenders don't all pull the same report. 2. Prequalify with soft pulls before any hard inquiry. Lenders like Upgrade, Prosper, Avant, LendingClub and SoFi offer rate checks that don't hit your score. 3. Check your banks and credit unions. Existing relationships often get the best terms. 4. Fix utilization before you apply. A clean file with maxed cards still gets capped. The lenders change. The strategy doesn't. Prep the profile, then pick the lender.

Want to congratulate my man @Lawrence Trice ! He started credit repair with us 1.5 years ago in the 500s.6 months later 700s+ .. upgraded to our fundops program, we had to fund a 30k personal loan in February to take care of that issue. We attempted funding in spring., no success. We spent the summer re optimizing which required patience. Last week Lawrence got his first 14k approval with another 14k pending tonight! That’ll be 58k total raised in an 11 month span & this is just the start to his funding sequence. When you show up Commit & get out your own way The sky is the limit - TW -

Grand rising everyone! As announced, we are running three support sessions this week to help you push through and secure your funding. Here is the schedule: - Wednesday: 12:00 PM MST - Thursday: 2:00 PM MST - Friday: 12:00 PM PST / 12:00 PM MST (Arizona time) Important Reminders: - Be on time: Please note that Mr. Timo will wait for 10 minutes; if nobody is on, the session will be closed out. - Environment: Please join from a quiet place with no distractions. - Preparation: Have a pen and paper ready to take notes of the instructions Mr. Timo will provide. Please make sure to plug in and bring your questions so we can keep your funding momentum going. See you all there!