How it works
ID #1020
Will I be able to take out a loan while on the Program?
No, you will not be able to take out a loan until all of your debts are settled.
This is for 3 reasons:
- Your creditors will be unwilling to negotiate your debts if you take out additional loans.
- Your credit rating will initially be impaired, making it difficult to obtain financing while in our program.
- We do not want you to take on more debt when our goal is to get you debt free as soon as possible.
Tags: creditors, credit rating, loan
Related entries:
- How does the ClearOne Advantage Debt Settlement Program work? What do I have to do?
- What makes you different from your competitors?
- How do you get paid?
- Who are you guys?
- What is your goal?
You cannot comment on this entry
Clear One Debt Relief is an associate member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.