I had a QuickBooks capital loan in March and found it very useful. I was able to use it for advertising that allowed me to pay back the loan far earlier – in June. I then decided to get another loan but was unaware my FICO score had dropped below 620. So I was denied but given suggestions for 3rd party loans. I looked into those and decided against them. However, one of those loans pulled a hard inquiry on my Experian report. 1 single inquiry.
My FICO score has risen above 620 again and I applied for a loan today but was denied again due to “too many business credit inquiries.” As you can imagine, I feel like Quickbooks put me into a catch 22. In addition, I checked my Dun & Bradstreet and saw that there are no inquiries there. Only 1 inquiry from one of their third party recommendations on my personal credit report.
Does this seem reasonable to you guys? And how long must I wait before re-applying considering all the other requirements are met with 100k+ inflow?
