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Can a credit card company seize money from a federal student loan?
Wiki User
∙ 13y ago
Generally, credit card companies cannot "seize" money in any form. However, they could get a court ordered judgment against you, and if the company has a lien on your bank accounts, they will be able to take any money that is deposited there, regardless of the source.
However, if you've defaulted on credit cards to the point where you've been sued, and they've gotten judgments, you aren't going to qualify for a student loan anyway, so this is moot.
Wiki User
∙ 13y ago
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What happens with your student loan if both you and your cosigner have bad credit?
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 it'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.
Can the state take your federal student loan money?
The state should not usually be able to take your federal student loan money. However, there might be some particular details that will cause them to take it.
What are the benefits of acquiring a student credit card?
A student Credit card can be good if they are overseas or if they need emergency cash. They can also make a student more responsible and learn to handle money.
Can you apply for a private student loan before you apply for a grant?
Yes, but you should find out how much Grant money and Federal student loan money you are eligible for before applying for Private student loans. Grants are free and Federal student loans are cheap. Private student loans are very expensive. Avoid them if you can.
How do you get a loan with no credit check?
There are lots of people with no credit like the new collage students or borrowers, and such people have also opportunities to borrow money for the collage expenses. It is well-known that no credit is far better than a bad credit, but most of the lenders or institutions offering credit to the students need cosigners for such situations. One of the most popular and best student loans offering no credit check loans to the students are Perkins and Federal Stafford loans offering long term interest and support. One can also avail no credit check student loans from state-based federal loans.
What happens with your student loan if both you and your cosigner have bad credit?
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 it'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.
If you apply for a federal loan and ARE approved if you dont need it for paying for classes or books will you be mailed a check for te rest of the money?
All federal loans are sent directly to the school. If money is not owed, the school can issue a check to you for the credit on your student account.
Taking Out No Credit Check Student Loans?
Many students struggle when it comes to meeting expenses during college. Paying for things like books and rent can be all too expensive for students. Students can truly face all sorts of obstacles in trying to pay off their education. If a student wants to pay for school expenses but does not have a good credit history, then he or she may want to apply for a no credit check student loan. No credit check student loans are a great option for those students that are greatly concerned about their credit. These sorts of loans can truly be great for any student that does not have a good financial history. All too often, students rack up credit card debt while they are in school. This can be very stressful for any student that is concerned about qualifying for student loans in upcoming years. A student may feel hopeless and sad because he or she has credit card debt that is overwhelming. If a person wants to apply for student loans and needs money, then he or she should apply for no credit check student loans. These sorts of loans can be a great option for any student that needs them. A student can truly benefit from taking out no credit check student loans. With these sorts of loans, a student will not have to pull up a credit report for a loan application. A company will simply review a student's record and disregard anything that relates to his or her credit. It is truly a good idea for a student to work with a loan company of this sort, if he or she is in a desperate position and truly needs money as soon as possible. If a student works with this type of loan company, he or she will likely be able to get money of some sort. It is a very wise choice to work with a loan company to come up with a solution that works for both parties. By coming up with a solution, a person will be able to attend school and get the money that he or she needs to be able to make it through a semester.
What does the company Marine Federal offer?
Marine Federal offers many options for a person. Marine Federal offers savings accounts, loans, credit cards, and much more. A person can also pay their federal taxes at Marine Federal, as well as get money orders there.
Can the state take your federal student loan money?
The state should not usually be able to take your federal student loan money. However, there might be some particular details that will cause them to take it.
What are the benefits of acquiring a student credit card?
A student Credit card can be good if they are overseas or if they need emergency cash. They can also make a student more responsible and learn to handle money.
Can you get federal money back if you have no income but are a full-time student?
Yes.
Can you apply for a private student loan before you apply for a grant?
Yes, but you should find out how much Grant money and Federal student loan money you are eligible for before applying for Private student loans. Grants are free and Federal student loans are cheap. Private student loans are very expensive. Avoid them if you can.
How do you get a loan with no credit check?
There are lots of people with no credit like the new collage students or borrowers, and such people have also opportunities to borrow money for the collage expenses. It is well-known that no credit is far better than a bad credit, but most of the lenders or institutions offering credit to the students need cosigners for such situations. One of the most popular and best student loans offering no credit check loans to the students are Perkins and Federal Stafford loans offering long term interest and support. One can also avail no credit check student loans from state-based federal loans.
What does a company need to do to borrow money?
Capital or credit.
What if federal student loan money is partially used for bills?
They send you the money, you use the money. Don't have to account for use.
Im a graduate student in health professional school that already has federal unsubsidized subsidized loansI need private loans for more money but your parents friends you have a bad credit score?
Well congratulations on being a graduate student! If you need additional funding for your schooling and you have a bad credit score, then you need a co-signer who has a good credit score. There are a few lenders out there that take risk on bad credit borrowers.
