In December 2017, Peter J. Burns III and his partner launched the Entrepreneur Credit Card and they’ve loaned millions of dollars to people in search of debt capital at favorable rates and only based on one’s good credit score. See the simple video about the Program here…www.entcreditcard.com/imagine.
Second Bite of the Apple for Credit Consumers
In the aftermath of the Last Great Recession (2007–2009) many individuals had their precious credit dinged or destroyed, causing the cost of credit to be too expensive, if even available, to these once credit-worthy individuals. Many people applied for the Entrepreneur Credit Card and because the threshold for obtaining that funding started at a FICO of 700 +, many people were turned down. It dawned on Peter J. Burns III that there might be a way to convert the “turn downs” into profits…if he could only think of what the solution would be.
Over the years Peter J. Burns 3 has witnessed the proliferation of advertisements for services offering to repair one’s credit. Peter never understood the exact process but if what these services delivered actually “repaired and restored” one’s good credit, that had great value for a consumer. It stood to reason that this process could help his Entrepreneur Credit Card “turn downs” too. An idea started to germinate…and Peter needed to find the best performing credit repair services. He quickly researched the credit repair industry and chose the best provider.
Next, with the guidance from several FinTech resources, Peter J. Burns III learned of the unique service of “credit enhancement.” In short, one could increase one’s FICO score by being added as an “authorized user” to a seasoned and “blemish free” (100% on-time payments) credit card, installment debt or other credit-bureau- reporting debt. It turns out that one could “rent” another’s perfect credit instrument (credit card, installment debt, etc.) and benefit their own credit profile by being named an “authorized user” on those accounts. He then started to research the best service providers of “credit enhancement.”
Now, Peter J. Burns III had all “three legs of the stool” for his new idea…a vertically integrated system of (1) repairing one’s credit, (2) enhancing that “repaired” credit and (3) then loaning the new 700+ FICO scoring consumer unsecured capital up to $175,000 at zero % for 12–21 months. With affiliate agreements in place from the vetted credit repair/enhancement vendors and his own FinTech capital resource…www.entcredit.com began…
Learn more about the “Adventures in Capitalism” of Peter J. Burns III at http://www.peterjburns3.com
Note: Previously published by Peter J. Burns III on Medium (2018)