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Frequently Asked Questions

Welcome to our FAQ section! Here you’ll find answers to common questions about our debt relief programs, including the application process, benefits, and usage. For further assistance, our loan consultants are ready to help.

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  • What is the minimum credit score needed to be approved?

    At New Start Capital, we take an individualized approach to reviewing applicants. We look to understand the person, their situation, and your ability to make on-time, consistent payments. Many of our clients have been approved for various programs with credit scores ranging from 450 – 700. No matter your credit score, we invite you to apply!

  • How quickly will I get a decision?

    Once you apply, we will personally review all your details and then reach out to you with a decision normally within 24-48 hours after submission. We may need to reach out to you to confirm details prior, which can happen within a few hours. We look forward to working with you!

  • What if I don’t like the terms of the offer?

    In most cases, we have several options for our clients that would allow for varying monthly payments depending on the term. We look to work with you to find a monthly payment that you are comfortable with. If you are still not comfortable with the terms, you can decide not to proceed. At any time, feel free to reach out to us to see if new offers are available.

  • Will an application affect my credit score?

    An application will not have an impact to your credit score. Our application process runs a soft credit check, so there wouldn’t be any affects to your credit score when you apply.

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REPRESENTATIVE EXAMPLE OF APR

For example, a $30,000 loan with a 4.99% APR over 5 years (60 months) would result in a monthly payment of $566, with total interest paid amounting to $3,959.97. This could save you thousands in interest compared to higher-rate debt.

ANNUAL PERCENTAGE RATE (APR)

Annual Percentage Rate (APR) represents the annualized interest rate you are charged for borrowing. It is the combination of the nominal interest rate and some additional costs such as fees involved when incurring debt. Our lender offers APRs for personal loans, cash advance loans, installment loans and debt consolidation loans from 4.99% to 35.99%. Since New Start Capital does not directly issue loans, we cannot deliver any specifics or guarantee the APR you will be offered. The APR depends solely on your lender’s decision, based on various factors including your credit score, credit history, income, and some other information you supply in your request. For more information regarding the APR contact your lender.