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Bankruptcy Calgary Edmonton Q&A Forum



If I have money owing in collections is there any way or any how I can be approved for a personal loan?



Grant Thornton Limited



Dec 07, 2015



Hi Kelly, This is a difficult question as the bank uses many different factors to qualify an individual for a loan. I believe that the financial institutions do place credit score and items such as collections in priority when approving an for a loan. In my experience, it may be unlikely or the bank may request a co-signer. Hope that answers your concern.

Susan Methuen
T 403-310-8888


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