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What lenders will give a 'close to prime' auto loan rate if one has good credit but their spouse has bad credit?
Answer Only the lender can answer this.
If you have bad credit does having a cosigner with good credit on the loan lower your interest rate?
No. You are considered the primary debtor and therefore the interest rate would depend on your credit history.
When you get married and you have good credit and your spouse has bad credit does your spouse affect your credit at all?
Answer If you trying to buy a house together, yes, his credit will be taken into consideration and you may have to pay a higher mortgage rate. If you are trying …to buy anything together because you need to consider his salary you may have problems. But just cause you are married to him does't automatically affect your credit. But he could potentially harm your credit if he defaults on any loans while you are married. Being married alone makes you accountable for what he does during your marriage in many cases.
Answer . No, so far I have found out without good credit no student loans are available. Except for the federal stafford loans.. RMAK Adds Although it is true that it i…s much easier to find student loans with good interest rates if you have a great credit rating, but even if you have a bad credit rating you don't need to panic and give up your hopes. There are loans that cater for bad credit students other than stafford loans. see link below to get details
I have had a lot of experience with private student loans that are non-certified (they do not have to go thru your school to get approved). Next Student has a bit more l…enient credit guidelines than many other private student loan companies. You might also try Sallie Mae Tuition Answer Loan. Other loan companies that participate with "fair" credit are American General and Citifinancial. Good Luck!
How do you get a student loan with bad credit and no cosigner if your Stafford loans don't cover everything?
Answer SOMEONE THATS HAS A JOB.
One option is to look for private grants and scholarships, rather than loans. The staff at a college financial aid office are trained to know the latest up-to-date policies ab…out loans AND scholarships. Also, books within libraries and websites such as Scholarships.com and The College and Career Library can provide lists of sources for grants and scholarships for college students. Please click on the following related link for more information.
Answer If you are getting a Federal Student Loan credit is not an issues. I just got a Federal Student loan and my credit is BAD!!! The thing is, is that i…t's a Federal Loan so you will always owe that money, even if you claim chapter 7 or 13. I was worried about that too, but I got one just fine.
Answers from several contributors: * Have you talked to your admissions officer? Are you a single mom? There are a lot of government help that you might want …to look into. * Find a cosigner with good credit in order to get a student loan. * try calling a loan officer to find out for sure. sometimes they can make it work and sometimes the loan can't be worked out and it is then trashed. * See your financial aid counselor at the institution that you are attending. Also try salliemae.com. * Have you tried Sallie Mae? * When I got mine I 1) signed up at fafsa."something" and while filling it out I was asked if I would be interested in loans as well as the Pell grant that I signed up for. Try fafsa.gov or .edu * It's safe to say that it is a basic fact than many, if not most, applicants/ students have no credit history or that they have a bad credit history. Then, of course, there are those applicants/students who exhibit financial responsibility and fiscal abilities that would shame a banker. Some students need not worry about credit at all because of their family's financial status or because they are on some sort of academic, athletic or other type of scholarship. * There's a plethora of private and public scholarship locators available to match a wannabe student with a cornucopia of financial assistance options. The schools themselves offer US Government PELL grants and locally funded special scholarships endowed by alumni, businesses, local citizens to not a small percentage of applicants/students. * [Aside: When I attended Ole Miss, most of my education was paid for by myself using Federally Guaranteed (i.e. follow you to your grave if you don't repay them in full)Student Loans. However, I also received a local alumna's $300 per semester scholarship which required no repayment at all and was available each following semester if a required GPA was maintained. Good ol' Miss (no pun intended) Annie S. Tillman of Panther Burn, Mississippi, had majored in and taught English at Ole Miss and she wanted others like me to follow her lead. Thanks, Miss Annie.} * Don't dismiss the possibility of attending a Junior/Community College(J/CC) for your first two years or so of the pursuit of your degree. Staying and eating at home while attending J/CC allows you to work and save money to augment any scholarship or other types of financial assistance.
Answer Try going to the financial aid office at the college. They can help you apply for loans and grants.
When you cosign on a loan, you are liable for payment of that loan if the other person does not make payments. Any late payments and other negatives will be reflected on… your credit report. The debt will be included in your debt-to-income ratio. If the person makes all payments on time, it could actually help your credit score. Usually, it's the other way around, though. Bottom line: as a cosigner, you are treated as a signer.
Answer (FAFSA). The FAFSA is used to apply for all types of federal student aid and serves as your application for the Stafford loan program as well. If you quali…fy for grants, they help with this too. Both my sons have used this program. There are other lenders out there...if this doesn't work...just google student loans... just stick with names you have heard before. Good Luck!
Answer no you do have to have a cosigner with good credit in order to get a student loan.
Possibly. However, the cosigner needs to understand all the implications should the one needing the cosign on the load default on payments. If the primary borrower doesn't pay… the co-signer will be held personally responsible for paying the loan in full. That's what they agree to when they sign as co-signer.
Apply for a low limit credit card - $100.00. Use it sparingly and make regular payments for 3 months, pay it off in the 4th month and repeat the cycle for 12 to 18 months. Thi…s will establish you as capable of making monthly payments on time and of paying off a debt to a $0 balance. Never be late with a payment.
Some countries provide government student loans to any student that needs one (provided you are a citizen of course) regardless of your credit rating; you are of legal age to …sign a contract, so you do not need a cosigner. The only requirement is that you are enrolled in an accredited university or other tertiary education institute.
Government student loans. Some companies also offer contracts to those with bad credit, but the interest is much much higher.