Got Questions?
Find Answers to Common Questions About Personal Loans, Debt Consolidation, and Debt Modification
Welcome to our FAQ section! Here, you’ll find answers to frequently asked questions about our debt relief programs, including eligibility, benefits, and how they work. If you need more details, our experienced financial consultants are always ready to assist you.

General FAQs
- What credit score do I need to qualify?
- How soon will I get a decision?
- What if I don’t like the terms offered?
- Will applying affect my credit score?
- Are there any fees to apply for a debt relief program?
- Can I still qualify if I have late payments or accounts in collections?
- What types of income do you consider for approval?
Debt Consolidation FAQs
- Will consolidating debt affect my credit score?
- Is it difficult to qualify for a debt consolidation loan?
- How can I combine all my debts into one payment?
- What are the benefits of a debt consolidation loan?
- How does a debt consolidation loan work?
- Can I still use my credit cards after consolidating my debt?
- What happens if I miss a payment on my debt consolidation loan?
- Does consolidating debt stop collection calls?
Debt Modification FAQs
- What is debt modification?
- How do I qualify for debt modification?
- Can debt modification really help me?
- How does the debt modification process work?
- Is debt modification better than bankruptcy?
- Are there upfront fees for debt modification?
- Can credit card debt be negotiated?
- How long does debt modification take?
- Will creditors continue to contact me during the negotiation process?
- Does debt modification affect my ability to get new credit?
Personal Loan FAQs
- What is a personal loan for debt consolidation?
- What are the benefits of consolidating debt with a personal loan?
- What types of debt can I consolidate?
- Can I qualify for a personal loan with fair credit?
- Will a personal loan affect my credit score?
- Can I use a personal loan for expenses other than debt consolidation?
- Do personal loans have prepayment penalties?
- What happens if I lose my job while repaying a personal loan?
REPRESENTATIVE EXAMPLE OF APR
If you borrow $30,000 over a term of 5 years (60 months) with an APR of 4.99% you will pay $566.00 each month. The total amount payable will be $33,959.97, with total interest of $3,959.97.
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.