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    tazz777_777's Avatar
    tazz777_777 Posts: 1, Reputation: 1
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    #1

    Aug 15, 2009, 07:27 PM
    Loans for felons
    I am a tree climber in louisville ky I would like to obtain a loan for a bucket truck and a chipper but I am a convicted felon. S no one will loan me the money. Does anyone know of any ORG. that may help me thank you
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 15, 2009, 09:19 PM

    I just did a search on here for this because I knew there'd been several questions on this. I personally don't know - I was just going to suggest the Small Business Administration, but you can read what people had to say in these other posts:

    Ask Me Help Desk - Search Results
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #3

    Aug 15, 2009, 11:05 PM
    Hi, tazz777_777!

    Once a person has done their time and paid their "dues" to society, there free to apply for loans just like anyone else.

    When you've applied for loans, do you bring up the fact that you have a felony conviction on your record? If so, I would suggest not doing that. Additionally, has anyone who might be able to loan you money, said that because you have a felony conviction on your record, that you're not eligible for a loan?

    The main thing that creditors are going to look for is your credit score and your ability to pay back a loan.

    If you truly do have a problem obtaining a loan because of a record of a felony conviction then I would suggest seeking out the services of an entity like the Safer Foundation. Here is a link for them. Home - Safer Foundation

    If they might not be able to directly help you where you're located, they might know another entity that can.

    Thanks!
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