That's probably good enough. You can get an ISA with low credit scores, but it will prevent the program from getting financing for the ISA (i.e. getting loans for day to day operations using the ISA as evidence of reliable future income to justify a loan).
The programs also don't look only at your score... the cutoff is probably in the 500s... but they are looking for qualitative flags, like bankruptcies, student loan problems, debt loan, etc... that might also disqualify you.
Don't overthink it and just wait for to hear back!
u/juniperlee9 wrote (the comment Michael replied to):
I feel like you're just going around saying things.
u/michaelnovatireplied·· edited
I offer ISAs, have talked to all the ISA providers, approve, reject, process applications, what more do you want to know?!
You can take advice from random anonymous people on Reddit who are making guesses if you want, but I think I have something to say here!
I'm happy to answer any specific questions you have about them or feel free to DM me if you want more specific advice about your situation and an ISA!
u/juniperlee9 wrote (the comment Michael replied to):
Except you seem like the random guy making guesses lol.
I mean no offense, you just claim to have knowledge about too many things, and it doesn't seem specific to the situations you comment on.
u/michaelnovatireplied·
This is my LinkedIn: [https://www.linkedin.com/in/michaelnovati/](https://www.linkedin.com/in/michaelnovati/)
I was also the number #1 code committer at Facebook when I left of all time (which was almost 6 years ago and I have been surpassed and I'm something like 15th now regardless).
We might not be a good match personality wise but don't be so hard to judge! I have a lot of genuine experience in a lot of things.
u/juniperlee9 wrote (the comment Michael replied to):
To avoid this thread being a disservice to people who actually want to know the answer, it's NO. My score was not high enough.
But by all means, listen to the LinkedIn advertiser.
u/michaelnovatireplied·
Funny, I personally approved a few ISAs today with low credit scores below the standard bar for people. Not all ISAs are the same.
Some meta-advice, if by default you assume people are against you, you'll have a harder time in this industry. Most people I know are super supportive and helpful and it might be an easier road by not pushing people away when you meet them.
u/juniperlee9 wrote (the comment Michael replied to):
To get a sense of the minimum scores people have been able to qualify with.
Ideally, some guy going "yeah I had a score similar to that. This is what happened"
u/michaelnovatireplied·· edited
I want to repeat, it's not just your credit score alone! And it's important for everyone reading this thread to not be misinformsted about how ISAs work.
I see people constantly who have sufficient credit scores and get initially rejected for ISAs because of past school loan defaults, too high of a debt load given your current salary, other ISAs that you already have, past bankruptcies, and more.
I could write you a paragraph about how each of the factors above could get you denied for an ISA regardless of your credit score but based on how you are treating me why would I.
I've seen first hand how misinformation spreads and I want to caution everyone against the "I found one person who has the same experience at me so this must be true"