How are loan decisions made?

All HFLA loans are considered individually, on a case-by-case basis. We assess the need of the applicant, how the loan would make a positive impact in their life, and their ability to successfully repay the loan. In determining this, we look closely at the applicant’s overall financial situation–not just a credit score. Through exploring a person’s credit history, along with the individual, we are able to determine whether they are ready for a loan and in a situation where they are able to take on more debt.

We want our loans to benefit an individual and not cause them setbacks on their financial journey. While money may always seem like the answer to a problem, our interest-free loans require repayment. If the individual is unable to repay the loan we have added yet another financial burden to their situation.