Someone I knew recently received a prequalification letter for a New Capital Financial loan, and  I’ve written before on credit score requirements, so I researched and wanted to present to you what I found about the New Capital Financial credit score requirements in addition to the New Capital Financial reviews I found.

Many companies I’ve researched in the past set credit score requirements, but unfortunately, I was not able to get the minimum credit score from New Capital Financial.

That said, here’s what I found on the website regarding credit score requirements, as I will break down for you in simple form, as I previously worked as an executive at a debt consolidation loan lender.

Source: newcapitalfinancial.com

My understanding of what this says is that you were prescreened for this offer, and you must meet certain conditions, including:

1. You continue to meet the criteria of the prescreened offer. So, if your criteria changed negatively, then that may mean you no longer qualify.

2. Your credit report meets the pre-established credit criteria.

3. Monthly debt-to-income ratio

4. Your employment status.

So, the company pre-screened you potentially via a credit reporting bureau such as Equifax or Experience. You have to meet certain guidelines potentially like being employed and your monthly debt to income ratio may not be able to be too high. So, if your maxed out on your credit cards, you may have a difficult time getting approved.

What Will It Cost You? Do You Qualify For a Loan?

If you would like to estimate qualification for a debt consolidation loan, and review the cost and duration for other option, check out the free debt consolidation loan calculator below. The calculator only takes a few minutes and can provide you an array of different options you may qualify for.

What Did Actual Customers Say About Their Credit Score?

Next, because I didn’t get the credit score requirements directly from New Capital Financial, I wanted to see what actual customer stated.

When I searched on New Capital Financial’s TrustPilot for credit score, I could not find anything related to people being approved for a loan, but often for a credit card relief program.

Reddit

TrustPilot

BBB

Summing It Up

Unfortunately, I am still unsure what New Capital Financial’s credit score requirements are based on my research.

 While I was able to find where New Capital Financial had information about credit requirements, the company did not seem to provide a minimum credit score requirement, and I could not find information on other websites what customers were saying about what they qualified for.