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Is student loans badiies?
Student loans can show up as "baddies" on your credit report if they are paid late or in default. These loans are reported similar to revolving loans or lines of credit.
What are the low rates available for student loans?
The low rates available for student loans typically range from around 2 to 5, depending on the type of loan and the borrower's credit history.
Will an auto repossession have an effect on your ability to get non-private student loans?
Student loans through FAFSA is not credit based so no it will not. Private student loans is a diffrent story, which is based on credit.
What is the minimum number of credit hours required for a student to be eligible for student loans?
The minimum number of credit hours required for a student to be eligible for student loans is typically 6 credit hours per semester.
Is it possible to get student loans with bad credit history?
There are different ways that you can still get a student loan even if you have a bad credit history. These include getting a co-signer for the loan or you could contact banks and lenders and explain your situation to them.
How can one acquire student loans with bad credit?
Federal student loans do not require credit checks in order to apply and receive finical aid. Private student loans from banks and credit unions require a strong credit score to get approved or a creditworthy co-signer.
Are any private student loans still considered government loans?
No, by definition, private student loans are not government student loans. Federal student loans are guaranteed by the US, govt, and the govt sets the interest rates and determine the policies around loan limits and repayment. Private student loans are provided by banks, credit unions and other financial institutions such as Sallie Mae. Because they are not guaranteed, they are much higher risk to the lenders, so they are typically credit based. This means interest rates are variable, and determined by the borrower's credit history. Because most student's haven't had a change to acquire good credit, having a co-signer with good credit almost always improves the interest rate. Banks don't have any collateral for student loans.
How is it possible a consumer might not have a credit history?
If they have never taken out a loan, credit card, or anything else, there is no credit history. You should start building credit while in college - small credit cards and student loans are good ways.
What credit options are available from Pioneer Credit?
Pioneer Credit Union offers auto loans, mortgage loans, home equity loans, home equity lines of credit, student loans, personal loans and business loans.
Can you file chapter 7 and not include your student loans in the bankruptcy since they are in deferment and also continue getting student loans while in college?
I believe that student loans are a category of debt that is not dischargable in bankruptcy. The bankruptcy will show up on any credit reports, and you may subsequently be unable to et additional loans. I filed for bankrupcy in 1998. I was able to obtain Student Loans despite the bankruptcy in 1999-2000. My past credit history was not considered when determining my student loan application.
Would taking a loan from your current 401K account to pay off your credit card affect your credit history?
No. Loans from 401(k) accounts are not usually reported to credit reporting agencies, so it should not affect your credit history favorably, or negatively.
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?
where can I get a student loan that has no credit and parents dont qualify for a loan and I have gotten all federal loans
