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:

  1. Your creditors will be unwilling to negotiate your debts if you take out additional loans.
  2. Your credit rating will initially be impaired, making it difficult to obtain financing while in our program.
  3. 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

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