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The banks I've talked with want the SSN of someone who can qualify for a revolving line of credit equal to your transaction volume. ie, you want to do 30K of mo
by aristus 18y ago
The banks I've talked with want the SSN of someone who can qualify for a revolving line of credit equal to your transaction volume. ie, you want to do 30K of money per month, you have to be wealthy enough to swing a $30,000 unsecured bank loan. The "reserve balance" thing is no longer being offered.
- maccman 18y agoThe standard is to require a signature (or two) of a guarantor. I don't think they actually check the guarantor's bank account or credit limit though. That said I've only gone to dedicated merchants, and not banks.