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Frequently Asked Questions

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  1. How long will it take for my Credit-Able Application to be processed?

    2. As a general rule, the sooner you submit your application with ALL supporting documents, the sooner your application will be processed. Due to the fact that Credit-Able works with its partners in making loan guarantee decisions, however, it is not possible to give an exact estimate of the time it will take to process your application. Typically, however, loan guarantee applications take between 7 to 10 business days to process once the completed application and all supporting documents have been submitted.

  2. Who Decides Whether I am Approved or Denied for a Credit-Able Loan Guarantee?

    3. In order to be approved for a Credit-Able loan guarantee, your application must be approved by both the Credit Union and the Credit-Able Guarantee Panel. The Decision Panel consists of three individuals who represent the fields of finance, non-profits and disabilities advocacy.

  3. What banks and credit unions does Credit-Able guarantee loans with?

    4. Credit-Able is constantly searching for new Credit Unions to partner with. Currently, Credit-Able works with:

    • Gwinnett Federal Credit Union
    • Georgia Telco Credit Union
    • MACO Credit Union
    • Coca-Cola Credit Union

    If you belong to another Credit Union in Georgia that you would like to apply for your loan through, Credit-Able will try its best to accommodate your preference.

  4. What does “Debt to Income Ratio” mean?

    5. Debt to Income Ratio is a banking term that refers to the amount of money an individual owes in relation to the amount of money that individual earns every month. A high Debt to Income Ratio makes it difficult for individuals to afford a loan payment and will therefore often result in their loan being denied. Credit-Able will typically guarantee loans for individuals with a Debt to Income Ratio of 50 or lower, although some exceptions may be granted if the borrower provides a sound argument for how they are going to improve their Debt to Income Ratio.

  5. Are there organizations like Credit-Able in other states?

    6. Yes! If you have a friend or a family member with a disability in another state, there may be an Alternative Financing Program available to help them finance assistive technology. For a complete listing of Alternative Financing Programs, please visit the Rehabilitation Engineering & Assistive Technology Society of North America (RESNA) at: www.resna.org

Credit-Able

Credit-Able is Georgia’s Alternative Financing Program for Assistive Technology.  The mission of Credit-Able is to make independence affordable for Georgians with disabilities.  Credit-Able achieves its mission by developing and sustaining strategic partnerships with community based organizations and financial institutions that share a common vision of improving the financial well-being of all Georgians, with a special emphasis given to individuals with disabilities and those who are on the fringe of the financial mainstream. 

Credit-Able provides low-interest loans through participating credit unions to enable Georgians with disabilities access to affordable financing for Assistive Technology and Home & Vehicle Modifications.

Credit-Able is a collaborative partnership between many organizations dedicated to improving the lives of Georgians with disabilities, including the GA Department of Labor, Tech-Able, the Brain and Spinal Injury Trust Fund Commission, the GA Department of Community Affairs, the GettingAhead Association, and Georgia credit unions.

Credit-Able loan guarantees may be used for Assistive Technology, including, but not limited to: