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I heard you can write off you student loan if you put it on your house/line of credit. But i thought you could do that anyway. Anyone know?
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∙ 11y ago
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What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
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.
Can your child get a student loan if you have bad credit?
NO
Where can one with bad credit apply for a student loan?
The best place to apply for a student loan is through a company that services federal student loans. Otherwise, a few companies that specialize in student loans for those with bad credit include Education Connection and Better Loan Choice.
How does a student loan forbearance affect your credit score?
A loan in forbearance permits a student to temporarily postpone their federal student loan payments. Or, the forbearance temporarily reduces the amount the student pays. Your students loans may show up on your credit report while in repayment status or out of deferment.
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Do you need to have a certain credit store to get a personal loan from your bank?
No, as long as you have some form of credit line and your credit is good, you should have no problem getting a loan. Credit sources can be from any major credit card, store credit card or even paying back your student loans.
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.
Can you co sign a student loan with bad credit?
In the USA, if the student loan is Federal like a Stafford or Perkins loan, then yes you can cosign with bad credit. If the student loan is a private student loan, then no, you must have good credit. Keep in mind, you should never take out private student loans out until you have used up Federal loans, grants, and scholarships. Private student loans have high interest rates and no benefits.
Does a parent's credit score affect student loan?
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
Can a student get a loan with bad credit history?
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Can a student get a loan without credit?
yes
Can your child get a student loan if you have bad credit?
NO
Can you get a student loan if you have bad credit as a student?
yes no maybe so depends on bad your credit actually is
Is line of credit a loan?
Yes.
If cosigners for student loan miss a mortgage payment will this affect student loan?
As long as loan stays current, credit & other obligations irrelevant.
If you have bad credit and owe a lot on credit cards plus previous student loans can you get a new student loan approved?
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