No matter how well the franchise is performing, it is a virtual certainty that the franchisor will not approve someone taking on a franchise with bad credit, no capital and no collateral.
The reason that franchises are often more successful than independent businesses is that they rigourously vet the potential franchisees to ensure they are a good fit and likely to perform to the standards required. With the history that you are describing, you're not likely to fit that description - sorry.
Probably not. If you want some advice - try www.score.org - this a group of retired business folks. Never heard a bad thing about them, but haven't used them.
Self employment requires lots of capital & credit. Good luck.
No. Suggest you get a co signer or partner.
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