How do you repair the damage on your credit report from cosigning a bad loan?
21 people found this useful
Answer . \nIt depends. If it's for a car you can go to any bad credit car place and they will give you credit. If it's for a house you can call a bad credit mortgage broker… and they will give you a mortgage if you have a downpayment. If it's a small personal loan you need, go to a payday loan or cash advance store. You need a job and a checking account. Or you can try to get a loan from a bank or credit union if you have collateral like a car or house or something of value. Or you can go get an Auto title loan. You need a clean and clear car title and you get money the same day. These are the only ways I know of.
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
Answer Many places are willing to provide that service, but the interest rates are ridiculously high.
Answer . \nYES IT DOES....IF THAT STUDENT LOAN DOESNT GET PAID OFF BY THAT PERSON IT WILL COME BACK ON YOU AND CAN MESS UP YOUR CREDIT.MY FATHER COSIGNED FOR MY SISTERS ST…UDENT LOAN.BAD MOVE!!! BUT YOU LIVE AND LEARN......SO THINK ABOUT IT FIRST.. Answer . \nYes, it does. The reason is because you have to assume responsibility is left unpaid. This is considered debt to you.
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.
No. With CampusDoor-- your cosigner has to have good credit, and they'll probably have to send every bank statement they ever received in their life plus every other financial… document they can scrounge up. They might also have to pull a tooth and send it to prove that they exist. But the tooth will have to be tattooed with the date it was extracted and they must have a DNA sample attached plus a picture of themselves holding the tooth and smiling.. Bitter much?
If it is a bad credit history still the loan market is full of lenders who are always ready to offer a new loan. But you should meet some conditions, the set of lenders. Loans… for people with bad credit are actually easier to get then they never before, thanks to fierce competition among lenders. Lenders give loans to people with bad credit late payments, defaults, arrears, judgments of the district or credit problems. These loans are meant for other purposes like home improvements, buying a new or used car of your choice, for wedding and holiday tour, debt consolidation, or available to pay for education of the child. Each lender loan approval certainly like to see if the bad credit borrower has sufficient capacity to repay the loan on time. If the borrower earns well, has regular bank balance, has been an employee for several years and a loan repayment plan in place mandatory, while the lender usually does not hesitate much. So make sure you have enough capacity to repay before applying for a loan. Also, you should first check your credit report for errors. If your credit score is low, then you would be charged an interest rate very high. It is therefore advisable to first pay off debts easily and improved credit rating, then you should apply for a loan at best rates. Answer Yes, you can get a car loan with bad credit with a cosigner.for that you should take care of following things. first of all you should decide which car you want to buy.how much you can afford for this car loan.then contact to your lender. you should have continuous source of sufficient income that can pay your bills and your bad credit car loans,repairs,insurances, maintenance costs. you must have steady job of 6 months or more than it. you have to stay your same residence for 2 years or more. if you are having a large down payments it will also help you. credit union is also a good option for getting car loan with bad credit.you can be a member of credit union.it will help you. with cosigner if your cosigner having good credit score then he/she will help you in getting approved for a car loan with bad credit.
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.
get a fake id
Someone will probably loan you money under those circumstances, but it will be a very expensive loan. You might have to pay twice or more money back at the end of the loan. It… would be best to try to live without such a loan.
Yes, you can get a 30,000 from your father.
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.