Question : How can a student with bad credit go about getting a good student loan for University college?
I am a student going to a community college on full scholarships. However, next fall I am planning to go to Mississippi State University. My problem is, even though I am only 19, I have already defaulted on a loan and stopped payments on a cellular phone contract. My credit isn't even good enough to get a Wal-Mart card anymore. I am trying to get a hefty student loan to pay for my school expenses in my quest for higher learning. I would get a co-signer but no-one in my family has a good credit score either. So how would someone in my position go about getting a good loan for college?
- asked by ionic_mind
All Answers:
Answer #1
Having bad credit means you're a bad risk. Youshould try to clean up your credit first. Wouldyou loan money to someone that has a proven trackrecord of not paying you back? I don't think so.
- answered by Texan
Answer #2
According to my financial aid person they don'texpect you to have good credit to get a Staffordloan. You may not quailfy for a subsidized onewith your credit but you'll probably qualify foran unsubsidized one. Call your financial aidoffice and ask them how best to proceed.Goodluck!!!
- answered by Loli M
Answer #3
Try getting someone with good credit to cosign theloan.
- answered by THIS IS ME
Answer #4
Hello There,these are very common questions i hearopn a daily basis as a student loan advisor..Whenyou are applyin gfor federal stafford or directloans, there is no credit check required... Thismeans you dont have to worry about where yourcredit is to qualify for a student loan...Here'swhat you can do to know exactly how much you canqualify for..First feel free to take a look at myprofile on yahoo360
http://360.yahoo.com/profile-HlUDUhMib7M9Wlj6o6L2SfGcEYtkt9xsaQ--?cq=1Also feel free to go to ourwebsite and applyonline..www.studentaidlending.comI would suggestif you have additional questions (which im sureyou will) give me a call and i can walk youthrough the process online..You can also feel freeto email me at anytime as well..Student AidLending is adminsitered by the Department ofEducation, and all of our programs (like anystudent laon lender) are also dictated by thefederal government..Good Luck to you!JasonFryStudent Aid Lending1-800-964-0642 ext114jasonf@studentaidlending.com
- answered by Student Loans
Answer #5
Bad credit is one of the worst problems to have...however there exists a solution.I will hereby talkfrom my personal experience.I did debtconsolidation a couple of years ago, however If Ihad to do it again I would pay to some minordetails,if someone wants to get out of debt todayit is pretty easy with a debt consolidation plan,however it may get a bit tricky at times, Isuggest you get as much information as possibleonline on this first,a good place to start in myhumble opinion is astraight to the point ebookwith question and answer I found:
http://umgarticles.atspace.com/debt-consolidation.htmif it helps kindly remember me in yourvoting!.. cheers!
- answered by gabriel s
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