This answer depends on specific details... but assuming
- your a full time student (12 credit hours/semester)- Going to a University (not a beauty school, or certain trade schools)
And the FAFSA does not give you any free federal money
(NOTE EVERYONE HAS TO FILL OUT THE FAFSA, even if your rich and you know you won't get a dime - you still have to do it)
You can qualify for a Stafford Loan
Stafford Loans are guarenteed, very low interest rates, and payment plans start 6 months after you graduate on most occasions. You may want to 'Google' Stafford Loanand also visitwww.fafsa.ed.gov
yes
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.
A "D". A "F" means you failed and get no credit.
It is still bad credit history.
If you have a bad credit history, you can still avail of credit card applications. It depends on the company. Sometimes, you have to fix your credit card history before you can apply for a new one.
Yes. But if you were in arrears, that still shows.
If you are on the account your are building a credit history, hopefully a good one.
There are available credit card companies that offer a chance for people to have credit cards even though they don't have a credit card history. Even people who have a bad credit card history can still be a candidate for the application. Though it will be harder for one to get his/her application granted.
Yes, your payment history will still be a part of your credit report as well as the Chapter 7.
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.
Even if you have bad credit, you can still often find an easy credit card to qualify for. Depending on whether you have a poor credit history, or just no credit.
yes they can