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How to get a decent student loan with bad credit but has a cosigner to help?
Wiki User
∙ 13y ago
Government student loans. Some companies also offer contracts to those with bad credit, but the interest is much much higher.
Wiki User
∙ 13y ago
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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 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.
Does having a cosigner help your credit?
Yes, having a cosigner on a loan or line of credit/ credit card can help your credit. It can help because, assuming they have good credit, you are more likely to get approved, which gives you a chance to build your credit. The danger is if the cosigner where to default on payments or abuse the account (such as using a credit card you both are signers on to rack up a lot of debt). So if you pick your cosigner carefully it can help you- but remember what you do on the account effects their credit, so make sure you are also responsible with the account.
Can prompt payments help increase a cosigner's credit score?
yes
Can a cosigner help your credit?
from what i know when you sign on a cosigner you hand your item to them so if you make good payments it builds their credit if you fail to make payments it hurts their credit but it is a good way to start.
If you own your car and it's in your name but the loan is in someone else's name with you as the cosigner will that still help your credit?
Yes, it will still help your credit.
Where could you get a student loan if you do not have a cosigner no credit and make minimum wage?
All you have to do is enroll in school and fill out a Free Aplication for Federal Student Aid (FAFSA) form. You can do this online at www.fafsa.ed.gov or ask your school's financial aid department for help.
What does a cosigner have to to have?
A cosigner must have good credit, a reliable income and the willingness to sign for another individual. Cosigners help primary borrowers build a good credit history, along with on-time payments.
Do I Need A Cosigner To Get A Business Loan?
In case your cosigner has an excellent credit score and is a relative or closely affiliated with your business, this can help you qualify for a business loan.
Can a person with no credit history get a car loan with a cosigner?
Yes, as long as the cosigner's credit is in good standing. This is a good way to build credit for yourself. Try a KIA dealership KIA has been known to assist people to build credit. You will need a good job (a plus if you have been with the same company for 2yrs or more) Another plus is to be able to provide a decent down payment. ($2,000.00 or more. ) Having a car to use as a trade in will help. Good Luck
If you have filed bankruptcy can a cosigner help you get a credit card?
yes and so will $400 as 'security" deposit.
What private student loan companies will help you if you can't find a cosigner?
They're not generally charitable organizations.
