Our Evaluation Process

At Ascent, we understand that some applicants may have had a bad experience with a traditional banking institution or a predatory lender. As a result, we have made it a goal to be as transparent as possible with our clients and the community. Below is some of our main criteria:

First Check: Hard-No’s

Your application will be denied if:

• You are under 18 years old.

• You have an open bankruptcy.

• You have unpaid child support.

• Your household income is less than $1000 / month.

Second Check

Below are some of the final questions that we ask when approving your loan :

• Have you recently experienced a financial difficulty that can be resolved using a micro loan of up to $1500?

  • Examples include (but not limited to):

    • Family Emergency

    • Vehicle issues

    • Events associated with crisis (i.e. COVID-19)

    • Rent Assistance

• Do you have enough money left over after making the loan payment?

  • We take a look at your income, expenses, and bank statements to determine your current financial state. We understand that unpredictable expenses come up at times. Our advisors want to ensure that you have enough money to cover those expenses and the loan payment in a given month.

• How do you utilize your credit?

  • We look at your individual credit report to see how you utilize your credit and what your payment history looks like.

    *Please note that every application is different and Ascent is still willing to work with individuals that may not pass all of the criteria.

• Do you have a stable source of income?

  • We will evaluate your previous and current employment status. Successful clients will be able to maintain a steady source of income as best they can.

Sound like a right fit? Apply using the link below!