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Refinancing student loans can impact your credit score in both positive and negative ways. When you apply for a new loan to refinance your existing student loans, it can result in a hard inquiry on your credit report, which may cause a temporary dip in your score. However, if you are able to secure a lower interest rate and make timely payments on the new loan, it can ultimately have a positive impact on your credit score by reducing your overall debt and improving your payment history.
What else can I help you with?
How can one find more information about credit refinancing?
There are many companies available to help with credit refinancing. There is information on the Bankrate website about refinancing a home and when it is the best time to do it. The Quicken Loans website also has useful information about refinancing.
Where is it possible to get a loan for auto refinancing?
Loans for auto refinancing are available at banks and credit unions, depending upon an individual's credit rating, automobile that is being re-financed, and credit history.
Does Washington Mutual provide banking services?
Yes, Washington Mutual provides banking services. They offer a free checking account. They also provide credit card services. You can use them for loans, student loans, and refinancing.
Where can one find information on refinancing home equity loans?
One can find information on refinancing home equity loans at local banks, financing companies and credit unions. There are also several online sites one can consult for information on refinancing home equity loans.
What is the minimum number of credit hours required for a student to be eligible for student loans?
The minimum number of credit hours required for a student to be eligible for student loans is typically 6 credit hours per semester.
Which bank specialize in student loan refinance?
You should look to your local banks to find out which to student loans refinancing. You could also look at Citi bank that does student refinancing, Wells Fargo also does student loan refinancing too.
How can one find more information about credit refinancing?
There are many companies available to help with credit refinancing. There is information on the Bankrate website about refinancing a home and when it is the best time to do it. The Quicken Loans website also has useful information about refinancing.
Where is it possible to get a loan for auto refinancing?
Loans for auto refinancing are available at banks and credit unions, depending upon an individual's credit rating, automobile that is being re-financed, and credit history.
Does Washington Mutual provide banking services?
Yes, Washington Mutual provides banking services. They offer a free checking account. They also provide credit card services. You can use them for loans, student loans, and refinancing.
Where can one find information on refinancing home equity loans?
One can find information on refinancing home equity loans at local banks, financing companies and credit unions. There are also several online sites one can consult for information on refinancing home equity loans.
Is student loan consolidation the same as refinancing student loans?
YES! It is the same, i say this because the appeal of doing either one of those are going to be the same "paying your student loan." Refinancing student loans will take advantage of a better interest rate and consolidating your loans 'lumps' all of them into one. Instead of having several loans with different bills, in consolidation you only have one bill. When you consolidate student loan you are refinancing it but you can refinance without consolidating.
Is student loans badiies?
Student loans can show up as "baddies" on your credit report if they are paid late or in default. These loans are reported similar to revolving loans or lines of credit.
Will an auto repossession have an effect on your ability to get non-private student loans?
Student loans through FAFSA is not credit based so no it will not. Private student loans is a diffrent story, which is based on credit.
Is a budding student better off refinancing their college loans or furthering their loaned studies?
A budding student would be better off furthering their loaned studies, since he or she has a higher then most chance of succeeding with the studies. A under performing student would be better off refinancing their college loans.
What is the minimum number of credit hours required for a student to be eligible for student loans?
The minimum number of credit hours required for a student to be eligible for student loans is typically 6 credit hours per semester.
How do you remove cosigner from private students loans?
Refinancing in your name, if you have credit, is one easy way to do this.
How can one acquire student loans with bad credit?
Federal student loans do not require credit checks in order to apply and receive finical aid. Private student loans from banks and credit unions require a strong credit score to get approved or a creditworthy co-signer.
