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    concerned25's Avatar
    concerned25 Posts: 1, Reputation: 1
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    #1

    Mar 19, 2010, 07:54 AM
    Probation for a felony questions
    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's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    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's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
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    #4

    Mar 19, 2010, 11:27 AM

    His credit score will probably mean more than his felony score.
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