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How do you get an alternative loan with little or no credit as an independent student with no cosigner?
Wiki User
∙ 19y ago
Unless you have property such as real estate, a fairly new car, etc., then you are out of luck. I know it's tough and student loans from the U.S. gov't and the Canadian gov't are the biggest scams going. Don't try to find an easy way out of loaning money or you will end up paying a high price. Each college has a counciling service that could provide you with a solution, so please talk to them. There may be a way. If your parents or a relative are willing they could co-sign for you, but if you know you can't keep the loan payments up don't do this to them. I live in Canada and most of the students unfortunately, are doing loads of homework plus working 2 to 3 jobs. It certainly isn't fair and hard stress-wise. Good luck Marcy
Wiki User
∙ 19y ago
Wiki User
∙ 16y agoYour Credit status helps you to get approved your loans in a very fast and easy manner. However if you are not having a good credit status don't feel defeated. There are lots of organizations working for students to help them complete there education without a Hitch. You can find good free resources and help to get yourstudent loan from http://www.abcofstudentloans.com. they offer free services to students. You can also findalternates to a loan for full details please visit - http://www.abcofstudentloan.com/Finding-free-money.php in case you need some professional help just fill a short form on the site, and they will call you.
Wiki User
∙ 17y agoYou can get your Education loan here even without credit I am Mr Habert Robin a private loan lender. I lend out loans to those who are God fearing who will not fail to pay back my money with low interest rate.I do this to help those that are fanacially stressed.I will be able to help you if you are still in need of the loan you asked for on the website www.wiki.answers.com. If interested contact my mail via; hrobinlendingservice@Yahoo.ca
Wiki User
∙ 12y agoThe financial aid office of the institution you are, or wish to, attend.
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Am I eligible for alternative student loans?
Most private student loans applicants are required to have a cosigner, especially undergraduates or students who don'tt have a steady income or credit history. The cosigner is required to sign the loan document, but the student is the primary borrower. By signing, the cosigner agrees to be fully responsible for repaying the loan if the student does not fulfill his or her obligations.
Where can a student get a student loan that has no credit bad credit and parents don't qualify as cosigner and gotten all federal loans I gualify for?
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Is the APR of a student loan determined by the credit of the borrower or that of the cosigner?
The cosigner I believe but check with the loan issuers it's in the details.
Can a 19-year-old without credit who is not a student sign a lease without a cosigner?
No.
Does a parent's credit score affect student loan?
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
Do average college freshmen need a cosigner when getting Chase student loans?
Most freshman will in fact need a cosigner for loans. The need of a cosigner is dependent on how much good credit history the student has available. So, if for example the student was in their late 20's and had successfully paid all debt prior they would not need a cosigner.
How To Get Student Loans Without a Cosigner?
If you have been looking for ways to pay for college, you have probably thought about taking out a few student loans. However, you might have found that a lot of student loans require that you have either a high credit score or a cosigner. If you don't have credit or if your credit is bad and if you don't know anyone who is willing to cosign with you for a student loan, you might be unsure of if you will ever be able to pay for college. Fortunately, there are ways to get student loans without a cosigner. First of all, you should consider talking to a financial aid adviser about taking out a federal student loan. Federal student loans allow students to borrow money for school without a cosigner, and they do not even look at your credit score, which means you will still qualify if you have bad credit or if you don't have credit at all. Along with applying for student loans, you can also apply for federal grants. Just like loans, these grants will provide you with the money that you need to pay for college, but you won't have to worry about paying them back in the future. Secondly, you could consider working on your credit score so that you won't need a cosigner in order to get a student loan. Although you might think it will be impossible to boost your credit score, it might be easier than you think. By getting a cell phone or cable bill in your name and paying it on time or getting a credit card and using and paying for it responsibly, you can boost your credit score, and this can help you qualify for student loans without the need for a cosigner. Lastly, you can consider looking for student loans that will allow students with bad credit to apply, even without a cosigner. Although this might be more difficult, a little patience might help you find a lender who is actually willing to give you a chance.
How to get a decent student loan with bad credit but has a cosigner to help?
Government student loans. Some companies also offer contracts to those with bad credit, but the interest is much much higher.
How do you get a student loan with bad credit and no cosigner if your Stafford loans don't cover everything?
SOMEONE THATS HAS A JOB.
If we have bad credit will a cosigner help us get a mortgage?
Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.
How can you obtain a student loan without a cosigner?
You can get a federal loan also known as Stanford loan, as it isn't based on your credit history it doesn't need a cosigner. Private loans also don't need credit history and other stuff.
Can a student loan cosigner be retired?
Federal student loans do not need a cosigner. Your Uncle Sam is guaranteeing them. If you are not applying for a federal student loan, but trying to get an alternative educational loan, some lenders, such as Bank One, will review financial information for a retired co-signer, as long as they submit 1099's (certain tax documents) that they have received for the prior two years. Read the FAQ at this site http://www.educationone.com
