Does Eagle check personal credit bureaus?
Yes, usually once per year or when new credit is requested. Personal credit bureaus are a good analytical tool to assess borrowers’ reliance on draw or distributions from their business. Borrowers with higher personal debt obligations are more reliant on distributions of business earnings and may be less to adjust draw in the event of economic disruption or downturns.
Yes, personal credit bureaus are a good analytical tool to assess borrowers’ reliance on draw or distributions from their business. Borrowers with higher personal debt obligations are more reliant on distributions of business earnings and may be less able to adjust draw in the event of economic disruption or downturns.
