Q: DOES APPLYING FOR COMPASS CAPITAL AFFECT MY OVERALL CREDIT SCORE AND FUTURE LOAN ELIGIBILITY OR HIT MY CREDIT REPORT?
A. In almost all cases, no. Consumers in California borrowing less than $10,000 may have those borrowings reported to a credit agency.
Q: HOW LONG DOES THE CONCIERGE CAPITAL APPLICATION TAKE?
A: Most are very quick! For some borrowers, additional documents (mortgage statements, trust agreements, etc.) may be requested. Make sure you respond to Notable in a timely manner to ensure things are not delayed.
Q: ARE THERE ANY UPFRONT FEES OR INTEREST?
A: Depending on your state of residence, fees or interest may apply. Please refer to your loan application for details.
Q: WHAT IF MY VENDORS DON’T TAKE DEBIT CARD?
A: Notable allows sellers to receive funds directly in their bank account or request a check be sent directly to the vendor. All requests after the first $5K will require proof of invoice or submission of a scope of work document. Please allow up to 3 business days for cash transfers to your account and up to 14 days for check payments to reach vendors via the post.
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