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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.
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∙ 13y ago
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What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Can your child get a student loan if you have bad credit?
NO
What to do if reached student loan limit and still have to pay for college?
If a student reaches their aggregate loan limit, they must pay down their loan first in order to be eligible for additional financial aid. Otherwise, the student will need to pay the remaining cost of school with cash out of pocket or take out a private loan.
Should you pay student loan with line of credit?
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?
Is a credit card a secured loan?
No. A Credit Card is a simple form of a revolving loan with a limit but is typically not secured by any asset.
Will a private student loan that is currently deferred negatively affect your credit score?
It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.
What happens if you default on a graduate student loan?
Most loans have consequences when you default like reporting negatively to the credit bureaus, garnishment of wages to repay the loan, ineligibility to get another student loan if needed; many late fees, and even a lawsuit to collect on the loan.
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.
Age limit on stafford loan?
What's the student's age limit for Sallie Mae PLUS loan?
What does aggregate loan limit mean?
Aggregate loan limit is the max amount you can take out in student loans. It's like a credit card, if you max out the card, you have to pay down the principle balance before you can use that card again.
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Can a student get a loan with bad credit history?
== ==
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
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.
If cosigners for student loan miss a mortgage payment will this affect student loan?
As long as loan stays current, credit & other obligations irrelevant.
