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Is there a student loan available to you if you have very poor credit and no job or collateral?
Wiki User
∙ 17y ago
Yes the Stafford Loan No matter what you do - you need to fill out the FAFSA (Free Application for Federal Student Aid) First complete the FAFSA at www.fafsa.ed.gov they may give you federal funds (unlikely) if they don't you qualify for the Stafford Loan (Federal loans = low rates, better payment terms, etc) After that if you find you still require additional funds - check into fastweb for potential scholarship options
Wiki User
∙ 17y ago
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Do you have to have have homeowners insurance with a credit line?
Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equity loan. Any time you use collateral for a loan then part of the loan agreement will involve proof of insurance on the collateral.
What kind of collateral is used for a personal loan?
It depends on the type of personal loan. It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.
Where can you find a bad credit lender in Van Nuys California?
The Collateral Loan Credit Lender in Van Nuys lends to those with bad credit. You must have some form of collateral in exchange for your loan.
What does an unsecured line of credit mean?
It's a kind of loan that there is no collateral available for it. It means if the person who takes that loan couldn't pay it back at due the time, the lender has no recourse.
Why is my student loan reporting a credit limit?
The credit limit is the initial amount of your student loan. It helps keep your student loan from skewing your debt to credit ratio which can lower your credit score and make it more difficult to get credit.
Do you have to have have homeowners insurance with a credit line?
Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equity loan. Any time you use collateral for a loan then part of the loan agreement will involve proof of insurance on the collateral.
What kind of collateral is used for a personal loan?
It depends on the type of personal loan. It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.
What types of CFS loans are presently available?
There are several types of CFS loans available, such as a student loan, a payday loan, an installment loan, and the popular Flexible Credit Home Loan.
Where can you find a bad credit lender in Van Nuys California?
The Collateral Loan Credit Lender in Van Nuys lends to those with bad credit. You must have some form of collateral in exchange for your loan.
What does an unsecured line of credit mean?
It's a kind of loan that there is no collateral available for it. It means if the person who takes that loan couldn't pay it back at due the time, the lender has no recourse.
Why is my student loan reporting a credit limit?
The credit limit is the initial amount of your student loan. It helps keep your student loan from skewing your debt to credit ratio which can lower your credit score and make it more difficult to get credit.
What are the minimum requirements for a student loan?
collateral like house or land
Where can I gert a loan using my car as collateral?
I dont have great credit & need a loan bad I have a 2004 Chevy Venture Van paid for that i can use for collateral where can I go to get a loan?
What provides collateral to secure a car loan?
car
What is the difference between line of credit and revolving credit?
A line of credit is one type of revolving credit, which works similarly to a credit card. Both a line of credit and revolving credit have a set amount available to use, and when you pay down or pay off the amount, the credit is available for you to use again. A line of credit may use collateral to secure the loan, such as a business building, or it may be unsecured or without collateral, such as a credit card.
Can credit union hold title on car if car used as collateral and loan is default?
Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.
Can you get an unsecured loan with bad credit?
It is very difficult to get an unsecured loan with bad credit. This is because of the nature of the loan. When a person gets an unsecured loan, it means there is no collateral to back the loan up with.
