How an Expungement Can Help You Get a Loan

Could I be denied a bank loan based on a criminal conviction? The short answer is yes, having a criminal record can definitely affect your ability to secure a loan from a bank or other lending institution. For many banks, finding out about a criminal conviction can be a deal breaker. Bank representatives may lose faith in you as a reliable candidate. Even if your application is not immediately rejected, it can still bring up issues of personal character that can make securing the loan more difficult. You may fall under stricter scrutiny, and they may ask you additional questions about your credit history and ties to the community.