That you don't have established credit.
The credit score required for a Parent PLUS loan is generally around 650 or higher.
You may obtain your credit score for free without a credit card or any obligation from CreditKarma.com (TransRisk Score) and CreditSesame.com (Plus Score).
A credit score is a tool used by lenders to help them make lending decisions. A credit score is determined by the information in a credit report. While credit scores depend on specific scoring systems used, ultimately they represent the risk level that you represent to a potential lender. Using the PLUS Score, one educational scoring model, a good credit score is between 700 and 725.
No 640 plus is but you are getting close.
It's bad-640 plus is good.
That you don't have established credit.
They add to 9002
The credit score required for a Parent PLUS loan is generally around 650 or higher.
You may obtain your credit score for free without a credit card or any obligation from CreditKarma.com (TransRisk Score) and CreditSesame.com (Plus Score).
This depends on where you got the credit report. Different companies use different symbols.
A credit score is a tool used by lenders to help them make lending decisions. A credit score is determined by the information in a credit report. While credit scores depend on specific scoring systems used, ultimately they represent the risk level that you represent to a potential lender. Using the PLUS Score, one educational scoring model, a good credit score is between 700 and 725.
No 640 plus is but you are getting close.
The PLUS score is a type of credit scoring similar to the more well known and influential FICO scoring system. PLUS was developed by Experian and is only used by that company. It is not as widely accepted or as influential as the FICO score.
There are many websites online that allow someone to check their credit score: freecreditreport.com is one of them. One free credit is allowed annually; otherwise, one of the three credit bureaus must be contacted (Equifax's ScorePower, Experian's PLUS score, and TransUnion's credit score). Another option is to purchase the score from FICO.
It's bad-640 plus is good.
Yes. A home equity line of credit is based more upon the equity on your home, not so much upon your credit score. Plus, 653 ain't so bad.
In the USA, Parent PLUS loans are based on credit. Graduate PLUS loans are not based on credit. So, if you are taking the loans out for your kids, then yes the loans are based on your credit score. If you are taking the loans out for yourself for graduate studies, then it does not matter what your credit rating is.