Log in

View Full Version : Probation for a felony questions


concerned25
Mar 19, 2010, 07:54 AM
Can someone who is currently on probation for a felony get a small business loan or mortgage? This person will be on probation for 10 years, so I'm just looking into what that will mean for him.

excon
Mar 19, 2010, 07:58 AM
Hello c:

His probationer status will NOT effect his ability to get loans. Most likely, the mortgage company will never know about his conviction.

excon

Fr_Chuck
Mar 19, 2010, 08:33 AM
Unless the specific lender has some ethic issues, the real issue will be his ability to pay and what security they have for the loan.

twinkiedooter
Mar 19, 2010, 11:27 AM
His credit score will probably mean more than his felony score.