Bad Credit Student Loan (2)

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Poor Credit Student Loan

Student education loans are the most affordable way of paying for degree. Almost all students have entitlement to apply for this type of credit, that in fact is the most affordable loan available in the market. It provides a fantastic opportunity for youngsters to learn to manage their funds. But a bad credit college student loan is not something that you desire to drag along.

As the higher education expenses constantly keep rising, it has become more and more essential for pupils to take loans in order to get their degree. But loan repayments are not that simple, specially considering that fresh earnings are usually far lower than the actual making potential. Given these circumstances, a bad credit student loan may prove to be an excellent tool for a lot of latest college graduates.

Before going into the default stage, settle down and evaluate the alternatives. Realize that you’re not the lone defaulter there are many students who fall behind on their loans each year. Understand this, that if you default, you will harm your credit record. Otherwise in present, in future this most certainly prevents you from getting the greatest available finance, mortgage as well as possibly hinder your job prospects. A bad credit pupil loan will get out of this financial mess.

Debt consolidation

The financial institution offering you a bad credit pupil loan takes on the variety of financial obligations you have accumulated. While the repayment terms differ across different loan companies, a single bad credit college student loan will reimburse all of your debts and present you a single, typically longer-term loan. But that certainly doesnt signifies that it is not without the costs.

But nevertheless, instead of having paying several loans over different tenures, a bad credit student loan is in accordance all your existing lending options under a single financial debt. You can then negotiate the terms and the interest levels with your bad credit pupil loan provider. Usually, college students opt for a repayment period including ten to three decades. Obviously, longer the tenure of the poor credit student loan, the lower the monthly installment is going to be.

Getting a bad credit college student loan provides you the chance to extend your payments, so as to go ahead and take full advantage of your own future earning prospective. Indeed it is quite natural for students to believe in which as their career improvements they will earn a lot more, and therefore by stretching the tenure of the loans installments, they wont have to repay their credit card debt while their income is at its least expensive point.


Poor credit student loan, immensely aids the students who would like to delay their monthly payments until they reach their own true earning potential, or for those who discover managing several individual loans exasperating. It is essential for the students to understand that despite these kinds of benefits and no appear the lenders may want you to definitely believe, a bad credit student loan has its shortcomings in the form of higher interest rates.

Comments: 63

  1. Miguel March 1, 2013 at 4:24 pm Reply

    I have i guess what you could consider bad credit or little credit..( i have one bad account on my credit in the amount of 300.)… and i have little income, but I have a friend that has great credit who is willing to cosign with me for a student loan. Could I still get the loan even if i have bad credit but his is good? or do i need to have good credit as well? Also, is the cosigner required to make a certain amount of money?

  2. Justin March 25, 2013 at 1:56 am Reply

    I have 2 credit cards that are activeted and1 that is not activated. The first card was activated 07/07. The 2nd 09/07 and the 3trd one is open (againts my wises) but not activated 10/07. I also have a student loan open in good standards.
    Thats four open accounts in good standard.

    I have 2 negative accounts in collection one iis going to be waved – removed when I recive a call today but is still there for now, and a small 2nd one that I will take care of soon.

    Not long ago I had real bad credit im talking 530 credit score.
    Now with some work it’s 675.

    what i want to know is haveing the 3 cards hurting my score open in that small amont of time? should I close 1 or leave things as they are.
    2 actavated = 500 and 200

    1 not actavated = 500

  3. Reginald April 17, 2013 at 4:29 am Reply

    My credit is about as bad as you can get. Multiple judgments, defaulted student loans, 2 civil arrest warrants (which are not enforceable by the way)…

    I want to get my own apartment. How hard will it be for me to get my own apartment?

  4. India August 6, 2013 at 1:11 pm Reply

    I have been looking for a student loan for the past 2 months but I keeep getting denied with every place I try. I have bad credit and no co–signer with good credit either. I really wanna go to school so does anyone have a ny suggestions?

  5. Mervin August 19, 2013 at 6:11 pm Reply

    My credit is not so good. I want to get a better job but I need to go back to school. How can I get private student loans to do this? Also any other tips?

  6. Valentine August 21, 2013 at 6:22 am Reply

    I got student loans to attend Junior College 2 years ago. I talked to somebody on the phone about paying them off right after I finished school in Jan of 06. They told me that I needed to start making payments in Aug 07 because thats when interest would start accruing. I have since lost their number and they have not sent me anything in the mail ever. I don’t even know who I owe the money to. How can I pay them back?

  7. Jeanene September 11, 2013 at 5:47 am Reply

    I’m a 20 year old college student with 2 credit card accounts and three student loans, I was told my credit score isn’t bad I just don’t have enough credit by my credit union, but every where I read they say its a bad score. Will renters take it into consideration that that both credit card accounts are paid on time even though they have high balances?

  8. Denny November 27, 2013 at 2:56 am Reply

    I would like to start a small tenant locating business but I need funding for Start-up expences, basic software and office equipment. Will I be able to get a small loan with bad credit due to student loans? about $5000

  9. Ervin November 27, 2013 at 2:56 am Reply

    I am a 2nd year college student looking for a private loan but I have no idea where to start looking.
    Thanks for the responses…
    If any one has taken out a private student loan, I would like to here from you.

  10. Elmira December 5, 2013 at 6:43 am Reply

    I have been unable to make payments on 2 line of credit and 1 student loan. I have got a job waiting for me Aug 3rd but it means finding an apartment. Will a poor credit score keep me from getting a nice place?

  11. Karla December 16, 2013 at 5:31 pm Reply

    I’m planning on returning to college after a year-long hiatus due to problems with my previous student loans. I, however, do not wish to take out any more student loans.

    What’s the next best way to get the money I need?

    Also, if it helps, I’m attending DeVry University as an online student.

  12. Emmy January 13, 2014 at 8:35 pm Reply

    I have had 1 credit card for 6 years exactly and 3 1/2 years ago I got student loans. I would think 6 years would be long enough to be better then poor…. Right? I also got a car loan about 3 1/2 years ago as well which has been paid off. Btw paying off my car maid my debt to credit ratio worse. Why is that? Any help is appreciated. Thanx!

  13. Ethan January 18, 2014 at 6:43 am Reply

    My parents both have bad credits so getting a loan is out of the question.I can’t get approved for a student loan either.I want to take up in psychology at a local university and live at home.I really wanna go to college.I know I could go to jr college but i wanna go to a university.

  14. Herman February 2, 2014 at 11:30 am Reply

    I have bad credit and need additional loans for school this year. I’ve tried 3 co-signers with no luck and I don’t qualify for a loan on my own. Does anyone know of any loans for students with bad credit. I already have Stafford loans and they don’t cover nearly enough. I need about $25,000. I don’t have time to apply for grants and scholarships as school starts in two and a half months. Unless anyone knows of any that are really quick.

  15. Alfred February 4, 2014 at 12:27 am Reply

    Thank you to all who answered on my question earlier. I want to add more to it for everyone who cares to see why my credit score is only a 512. First off I have too many inquiries on my report and I blame myself because I wanted a car so bad that I went to too many places that ran my credit!..ugh! also I have a judgement of about 600 against me plus the student loan. I do not have credit card debt at bankrupt problems..and no previous unpaid car loans..not behind in child support or anything like’s the length of my history which is only a couple years..the student loan..the inquiries and the 600 judgement..and a few things in collections..many places have told me that I don’t even have credit anyways..I don’t know what to do to make this right..I need help!..I could see if I had $30k in debt and many repos and foreclosures and maxed unpaid credit cards but I don’t!!!!

  16. Florentina February 18, 2014 at 2:16 am Reply

    I want to start college in the spring of 08, but im worried about paying for it. Will it be hard for me to get a student loan with my horrible credit? If my husband ( who has perfect credit) co-signs will they give it to me still even tho my credit is very bad?
    It will only be about $7,000 for 2 years at a comm college…?
    Also, are most student loans the kind where you have until 6 months after graduating to start paying it back?? Thanks !

  17. Laurette February 21, 2014 at 9:29 pm Reply

    how does a student loan work
    how long do you usually have to pay it off,
    and what are the payments usually?

  18. Dortha February 21, 2014 at 9:29 pm Reply

    I do not qualify for federal student aid of any kind. My family make $110,000 a year but they absolutely and totally refuse to let me go away to college. They want me to live at home until I am married. I am 24, I have tried everything since I was 18. I have never left home. This is serious you guys, no amount of sense, pleading, deal making, or asking family members has helped.
    I have horrible credit. I lost my job and was unable to make credit card payments on 2 cards for 6 months and my parents refused to help. Friends refused to help as did family. I have no one but myself. My credit score is in the 500’s
    I am applying furiously for scholarships but these are few and far between and even if granted may not cover full tuition costs for even one semester. What, if at all, are my options? I really need to leave this house and I want to go to college but my options are running extremely thin, and no I cannot move out my job barely pays and without a degree I’m not going to get a higher paying one. I can’t get another job or else I will never get out of the community college I’m in now.
    The marriage idea would probably be a great one except that I have a boyfriend. He would gain absolutely zero from marrying me seeing as he is in the Navy who is already paying for his college. I just got him to say “I love you” so I don’t want to wrestle him down for a ring just yet if ever.

  19. Alfonso February 21, 2014 at 11:22 pm Reply

    I need to take out student loan but my credit is poor and i don’t have anyone to co-sign what can I do?????

  20. Virgina February 22, 2014 at 7:13 am Reply

    September, 2010 – Hello, had a student loan with Sally Mae in 2001. Single parent had problems paying amount due and on time. Started getting harassing phone calls by ECMC at the end of 2003 at my work. Loud enough my boss and co-workers could hear everything. Became so embarrassing. Ended up leaving that company January 2004. I got back on my feet and paid off the loan in March, 2005. Both Sally Mae and ECMC are still both on my credit report. Salle Mae has a charge off date of March, 2004. ECMC has a acquired date of March, 2004. Since there were 2 loans I have 4 collections accounts. I called ECMC and asked why they are reporting to the credit bureaus that they took over the account in March 2004 when they were harassing me at my job at the end of 2003. Made my work environment horrible. They said that is when they officially took over the contract from Sally Mae. I was also told by ECMC they will keep it on my report until March, 2011. Is this legal? I am trying to buy a house. My lease is up in March, 2011 on the place I am renting now. These are the only negative accounts on my credit report and since there are 4 of them it is causing me a ton of grief. I have contacted the credit reporting agencies and they refuse to take them off. I became delinquent with Sally Mae in 2002. I don’t understand how I can get dinged 4 times and that they can keep them on for the length they have. I paid them off as soon as I could. I had never intended of getting behind on my bills, but life at that time got in the way. Now I have a very good paying job and this is causing me grief years later. I understand I deserve to be penalized for my lateness. I am not disputing that. But this seems to me to be over and above and I cannot see how this can be legal. Eight years since I started falling behind with Sally Mae.
    Again, the loan was paid in full March, 2005. I am not sure why I am getting answers to do a loan rehabilitation program. Guess they are not reading the entire paragraph.

  21. Indira February 25, 2014 at 10:39 am Reply

    I applied for FAFSA, approved with 0 EFC….but I need student loans to help pay for other things while I am going to school full time. Is there any out there you can get with bad credit? I lost my job two years ago when my daughter was hospitalized for 2 months and it has been downhill since…that why i need to go back to school! Credit went faster downhill! I am just wondering how I am going to do this without a co-signer and horrible credit! ANy help would be apprecaited!

  22. Karri February 25, 2014 at 10:43 am Reply

    I am in dire need of obtaining a student loan for this coming semester (Fall 2010) but, I still have 2 student loans owed totaling around roughly $10,000. I recently applied for a credit card, and unfortunately was denied. After doing so, I went and checked my credit, nothing seems to be wrong with it, it just doesn’t look too nice. Is there any way I could find a low interest-bad credit student loan? And if so, where? Thank you to anyone who even reads this post, I’m getting desperate. πŸ™‚

  23. Enoch February 25, 2014 at 11:00 am Reply

    I asked my school’s financial aid department and they basically shook their head and sent me on my way.

    There has to be something though..

  24. Curtis February 25, 2014 at 11:09 am Reply

    Where can I find one of these? Pls don’t lecture me, I need this asap. pls help

  25. Brett February 25, 2014 at 11:13 am Reply

    I am a college student with NO credit because I just turned 18. My grandparents have bad credit so that kinda avoids me from using them as a co-signer. Do anyone know where I can apply for a student loan without a co-signer needed. I tried Sallie Mae but I was denied. I also tried Chase. Majority of them I tried it said my co-signer had to be working and working for atleast 2 years at the same job. My grandmother is disabled.. Someone help. College is very exspensive and I have come to far to drop out.

  26. Albert February 25, 2014 at 11:16 am Reply

    My parents pay for my schooling, but I still have to pay for books and other fees that go along with school.
    I do have a pell grant, but my dad controls that so I don’t see a penny of it.
    I am considering getting a small student loan, so that I can:

    a) Get out of credit card debt (almost $2,000)
    b) Have a little money to spend
    c) Get a place on campus

    I know that this is a way that I can get some money, take care of some problems and sort my life out.
    Once I get finished with school, I’ll have a job and be able to pay it all back.
    I was thinking 5,000 dollars would be a good starting point.
    Problem is, that I don’t want family to know that I am doing this and my credit really sucks.
    I have a small job, but it’s just enough to pay for the bills. This would give me some leverage.
    Where should I look and what other advice can you give me?

  27. Zackary February 25, 2014 at 11:17 am Reply

    While I have no credit history, my parent’s credit history is atrocious. Will this in any way effect me when I finally take steps toward building my own credit?

    I also have student loans in my name, but because of my parent’s bad credit, they’re not the best out there. Will that effect what kind of credit I can expect to get right off the bat?
    I am unfortunately not starting off right out of high school. I’m graduating from an undergraduate college in three weeks. I do have a decent savings account to help me pay off my student loans for two years so I don’t have to worry about those while finding A. a job, and B. a place to live.

    I’m unfortunately in this position because my parents encouraged me NOT to get a credit card until I had a full time job.

  28. Kecia February 25, 2014 at 11:40 am Reply

    Husband and I just bought a house, and our debt to income ratio is too high for approval. I would prefer a loan that I can draw a little extra upon, too, to cover the cost of a new laptop, but times are desperate and I’m not too picky. Anyone else have this problem?

    My Mom is a great lady, and she would cosign for me, but she also just got remarried, and she can’t have me possibly scarring up her credit by screwing up, so I would have to pay her off RIGHT AWAY. Hence, that (and options like it) won’t work in this situation.

    Thanks in advance — Em
    I’m already in school and I have a good payment history: my federal stafford is maxed and our house payments pose high risk. Sorry. Could have written that clearer. Have already dropped some classes this semester. Just need loan ideas now.

  29. Man February 25, 2014 at 11:43 am Reply

    My credit score is 538. I have 10 grand in student loans which have never defaulted. I just set up a payment arrangement to pay $70 a month on them and they will take any late payments off of my credit. Also I plan to get a secure credit card and only buy something worth about $10-$20 on the card per month. If I keep up on everything and pay everything on time/early, around what will my credit be in a year? I heard some banks will give you almost 100 points of credit just for getting a secure credit card. They lady I talked to about taking off any late payments on my student loans said it MAY help my credit a little, but likely not by much. But im hoping to have a 640 by next year so we can purchase a home. I wanted to pay off my FULL loan in cash but was told that wont bring my credit up by much either, it will be much much better to pay it off month by month. (even if I pay 140 a month instead of the 70 theyre asking). I screwed my credit up and now that Im married with two little girls im trying to do whatever I can to fix it as quickly as possible so we can have a better future by owning a home.

  30. Stacy February 25, 2014 at 11:45 am Reply

    I’m in college and need a good student loan to pay for books and supplies and help with my housing, but my credit is bad. There has to be something that I don’t have to pay crazy amounts each month, and I get a good amount up front. help.

  31. Zackary February 25, 2014 at 11:58 am Reply

    I will need to take out 15,000 a year for my college. My parents have bad credit history and needed to file for bankruptcy 7 years ago. I am 18 but I have no credit history since my family only uses debit cards now. I work 2 jobs and i get good grades but the school that I ‘m going to is a public school and gave me absolutely nothing off. I feel like I have worked hard enough the last 2 years to deserve to go where I want to go to school and not be forced to go somewhere cheaper that doesn’t have the program I’m interested in. I also don’t think it’s fair that I would have to be accountable for my parents mistakes. Is it possible for me to get a stafford loan or some other type of loan that I wouldn’t have to pay off until after graduation/graduate school?
    EDIT: I have no grandparents to cosign the loan.. they are all passed. I also have no local family.

  32. Thomasena February 25, 2014 at 12:10 pm Reply

    i have a stafford loan and aids, but that only covers about 1/2 of my tuition. i dont have any credit and my parents credit is OK at best. what are my options

  33. Migdalia February 25, 2014 at 1:24 pm Reply

    I have really bad credit and I need a student loan $30,000.. I’ve applied wth co-person, but the few I have also have bad credit or no credit. Where can I get a loan for school with my bad credit??

  34. Cesar February 25, 2014 at 1:33 pm Reply

    I recently just checked my credit score,and It’s on the bad side,in the 500’s.
    I have about 20,000 in debit total. I really want to build my credit,so I was just going to pay off the smaller bills first. which is about 2,700. How much will I help my credit score if I pay that first?
    and do student loan keep my credit score low?

  35. Cayla February 25, 2014 at 1:40 pm Reply

    I was wondering if Student Loans are easy to get. I don’t have good credit at all and I’m looking into starting up my 2nd year in college. Will I need a cosigner with bad credit for a student loan?

  36. Jeffrey February 25, 2014 at 1:40 pm Reply

    I was looking at cars that were priced at about 9000, 10000.. I didnt want a cheap car that ill just have to replace in 2 years. I live in north greenbush / rensselaer ny and I need to find a loaning company who except bad credit.

  37. Robert February 25, 2014 at 1:54 pm Reply

    My credit is really bad I am just going to be honest. I have a few old credit cards and student loans. The only thing that is a plus on my credit is my car note. Are there any lenders that are willing to work with someone like me. I have tried lenders in the past that claim they will help but they all said no.

  38. Ione February 26, 2014 at 12:33 am Reply

    Hi, i`m looking to get a personal loan withing the next week to pay off bills and to purchase a car. i would need to get a total of around $8,000.00. I`m a college student, and have bad or poor credit (around 606 for Experian, and 620 Fico. I don`t even think i can get a co-signer since my dad has really bad credit, and my mom has none and no one else to turn to. any ideas on what I can do?

  39. Oswaldo February 26, 2014 at 1:06 am Reply

    Im thinkin about goin to university to study optometry, the course would be an undergraduate course BSc. I have a very bad credit rating and im not sure if this will effect my ability to get a student loan as i thought they were given out from the goverment not financial institutions? Could anyone clear this up for me?

  40. Miyoko February 26, 2014 at 7:51 pm Reply

    So my problem isn’t that I have bad credit, but that I don’t have much credit established. When I check my credit scores online they seem to be “Good”, but I haven’t ever been able to get approved for hardly anything (such as a car) because I don’t have very much on my credit history. I’ve now had two credit cards who’s balances have increased to triple the original limit because I’ve always made payments on time. I pay the full balance off each month. I have one student loan that is completely paid for as well. It’s getting there…slowly but surely!

    After I get home from deployment I’ll be eligible for a VA home loan and am wondering if I’ll need to build more credit before being approved, or if VA home loans don’t require an extensive credit history like most other loans. I’m young, but me and my wife would really like to get out of an apartment and fit our growing family into something more appropriate.

    We also plan on putting 10-15% down.

  41. Indira March 2, 2014 at 10:26 pm Reply

  42. Lawrence March 6, 2014 at 6:08 pm Reply

    Look. I’m 8th of 500 in my graduating class, I have a 5.2 GPA (Because AP classes bump up GPA a lot) and I am incredibly intelligent. Fact is, my parents have a $1,350 monthly mortgage and two new cars on the driveway, and a history of being late on payments.

    Both my parents were ineligible cosigners for a Wells Fargo Collegiate loan. This is due to bad a bad credit score. This came as a HUGE reality check to me, because now I CAN’T go to A&M University, which I dearly wanted to attend.

    Where else can I get a student loan?

    Can I apply for an Unsubsidized Stafford Loan, even with parents with bad credit scores? Also, would this Unsubsidized Stafford Loan be gotten from a bank, like Wells Fargo? Because I noticed they also had Stafford Loan applications on their site. And can the Unsubsidized Stafford Loan be gotten directly from the school, because I’ve noticed a trend that any school I applied to has given me the option to apply for this Unsubsidized Stafford Loan and some kind of “Supplemental Plus” loan.

    I’ve completed my FAFSA, I received NO money from it, because my parents’ yearly income is right at 100k, yet somehow their money disappears. I’m applying for Scholarships, and have applied to probably 30 so far, and I’m not exactly hopeful of those bleak results, as I would think many people are applying to the same ones.

    Any help is appreciated, thanks!

  43. Wilson March 8, 2014 at 1:00 am Reply

    We are a married couple looking to adopt a child. We have one little girl already (ours by blood) but we would love to adopt a little boy. Can we be turned down for having bad (not horrible) credit? ie- credit cards and student loans.

  44. George March 8, 2014 at 9:30 am Reply

    I am in my 3rd year of college and have bsed around a little bit. I am currently majoring in computer science mathematics. And just this semester i added on CIT(computer information and technology). I currently have scholarships that pay for most of my college for for years so i have anohter semester and a half to go. I will be graduating with my CIT degree in a year from now and then will have another semester left from scholarships. But i also currently live on my own and have mediocre credit debt in the 700$ range. I currently work at school in the CIT Department. I have been drastically thinking of taking out student loans so i can live comfortably until i graduate in 2 years or so. But my problem is should i live off loans or struggle by with stress making sure i make payments on time for my insurance rent/utilities and phone bill etc.

  45. Kindra March 8, 2014 at 2:37 pm Reply

    I’m a student and kinda stuck in getting a auto loan. Basically, I need a car to get to work, to get a car I need a auto loan, to get a auto loan I need a job (to show the proof of employment). So, how am I suppose to get a auto loan with a bad credit, no co-signer and no employment? I would really appreciate any help!!!
    I live on campus and the transportation system here sucks (Houston, Texas). It’s next to impossible to get a job on-campus because it’s very competitive. I’m trying my best to get some kind of loan to get a decent car. Thanks for your responses though!

  46. Tobias March 9, 2014 at 3:22 pm Reply

    I am a full-time student, and last year I got screwed over by my University on my student loans and financial aid. I ended up having to pay the rest of my bill on credit cards and now I cannot get that cleared up fast enough… I want to consolidate these credit cards. Is there a place I can go that will allow me to do it as a student? What can I do? I feel trapped.
    I have managed credit cards very well and have always been able to pay in full at the end of each month, so I am really embarrassed about this. I hate even talking about it.

  47. Rogelio March 9, 2014 at 3:22 pm Reply

    How long would it take for a young person to build good enough credit to get a student loan without a co-signer? Also, what are good ways to go about building this credit?

  48. Jestine March 9, 2014 at 3:23 pm Reply

    I heard it’s bad to pay off a car loan early but I’m a college student and have been paying my way through school out-of-pocket. I’m able to pay off the $5,000 I owe on my car loan right now and would LOVE to do so–it’d be great having that extra money in my bank account each month.

    But is it bad to pay your loan early?

    I have just one credit card if that matters and I’ve got pretty decent credit history.

  49. Juan March 11, 2014 at 6:24 pm Reply

    My fiance’s credit score is 575 (ish). He has a mortgage but nothing else currently on his credit. The low score is due to old debt that has since been paid off, student loans, and late mortgage payments. He hasn’t had a late payment in more than 6 months now.

    I have a credit score of about 600 which I have been trying (with no luck) to raise. I currently have a car loan with an awful interest rate, but I have never been late. My credit score is lower due also to old debt that’s been settled and student loans. (Both of us are in grad school currently so our student loans are no longer an issue.)

    We want to finance a new car and we make approx. $111,000 per year with our combined incomes. Will the income be enough to get a good rate on a car loan or should we just hold off until we can save money to buy something out right?

  50. Charlott March 18, 2014 at 6:16 am Reply

    I need a loan for about 9,000 and i have bad credit. what is my best option, even my co-signer only has fair credit.

  51. Shena March 19, 2014 at 5:28 am Reply

    My husband has REALLY bad credit (in the 400’s) I don’t think I even HAVE credit. How can we raise it fast AND over time?

  52. Lauren March 22, 2014 at 4:15 pm Reply

    I all ready have the government loans (Stafford). I need more money to help through my last two years. Any ideas?

  53. Brandon April 19, 2014 at 6:36 am Reply

    I have 2 quarters before I graduate, my school states I have reached my aggregated loan limit and refuse to give me any additional funds. I spoke to the federal government and they told me if the school writes a letter they will allow the extra to go to school. My school is refusing to do so. I have bad credit is there anything I can do. Is there any alternative avenues. Please help. I have 2 quarters and I will have my degree. My mother doesn’t have it and can’t co-sign. Please help.

  54. Idalia April 19, 2014 at 8:07 pm Reply

    I need a student loan but I have poor credit and no one will cosign for me…. Does anyone know of anyplace that will help or sites.
    It looks like most of these are all scams… Is there anyone that can actually help me

  55. Deana April 20, 2014 at 6:49 am Reply

    I have about $15,000 in student loan debt. My grace period ends in December. I’m wondering if I open a new credit card with an low introductory APR deal would be a good idea to pay off the loan? That way I wouldn’t be paying such a high interest rate, at least for a year or two. Thoughts from financial professionals would be MOST appreciated.

  56. Trudi April 20, 2014 at 3:08 pm Reply

    I am 31 and finally started working this year after getting my bachelor’s degree in nursing. I have $68,000 in student loans (that are from going to school back when I was 18-22, defaulting, refinancing at 2.5%) and now I am working and paying them back. For now I owe $320 a month for 25 years πŸ™ Made my first payment yesterday…. I can get on standard repayment but it would be $670/month and our rent is $800. Right now I make $50K per year BEFORE TAXES and hopefully with time I will earn much more as a RN and my husband makes about the same as I do. My credit is awful, but it is 100% medical, if that makes a difference. I am trying to figure how to start planning. I have never made any money or had any money and neither has my husband, and we are so used to “just getting by” that we are grown people who are clueless how to make financial decisions. I want a house badly. I mean I am paying all this for rent and getting nothing however our credit is so bad from past surgeries from ourselves and our child, so that’s that. I do own 10 acres and I would like to build, but I am feeling like it is hopeless. Do I need to pay off all the medical bills before anyone will lend to me (keeping in mind that there are probably $50K in medical bills)? Should I double up on the student loans, or just keep the lowest pmt. possible since it is such a low interest rate and save for a home? So many questions I know, but I am just trying to figure out how and where to get started on our way to our own home.

  57. Valentin May 11, 2014 at 10:40 am Reply

    I am 20 years old and I would like to start school in the fall. I don’t know my credit score but I am pretty sure I have bad credit cause i have had like 3 credit cards in default, with about $2,500 total debt. Now to afford school I know I will need a loan. Is there anything I can do?

  58. Terrell May 25, 2014 at 4:43 pm Reply

    Years ago I got married at 17 and my credit went downhill from there. Bad car loans (2), medical bills (3), credit card bills (2), one eviction and a cell phone bill…. all unpaid some older than 8 years now. I would say a little less than 30,000 in unpaid debt! I am now divorced he is filing for bankruptcy and I do not want to do that because I never want to mark “have you ever filed bankruptcy” on any box.
    I am now a full time student, with a part time job and live at home with my mommy again ( never fun to do!!) I want to start paying on some of these bills even if I am just sending in 100 or 200$ a month to them….
    What is the best way to go about it?
    What bills should I focus on paying first?
    Should I not pay some of the older ones?

  59. Socorro May 25, 2014 at 4:43 pm Reply

    I have bad credit, and filed for bankruptcy about a year ago, and have always wanted to go back to school, what are my options?

  60. Isabel May 26, 2014 at 2:59 am Reply

    I need to work on building my credit back up, it’s “new poor” credit. I want to start school but don’t have the money, anyone know of a company that might help me get approved for a small loan?

  61. Alessandra June 12, 2014 at 5:03 pm Reply

    I currently have about 5,500 and I am entering my third year.
    I got one 4,500 dollar loan and have balances on 3 credit cards totaling about 1000. This isn’t SO bad is it?

  62. Cordia June 13, 2014 at 6:58 pm Reply

    I have just recently paid off all my debt, My credit score was 531. I was wondering the best way to get a better credit score. I was thinking that it might be a good idea to get a capital one secured credit card. I was also thinking that it may be a good idea to go to a bank and get a secured loan. I have about $10,000 saved up. I was thinking that I could put up $6000 and take out a $5000 loan and pay it off on a monthly payment. I am not sure if this is possible but I would like to know if anyone out there might know?

  63. Coy June 14, 2014 at 1:51 am Reply

    I have student loans with sallie mae. I have around 76,000 with private and federal student loans. I have ran out of forberence. I had to use my forberences in the past because of no job or not enough money to make payments. Well…now my payments is over 1500 a month. I will be starting a new job next monday. I will be making around 2000 dollars a month. My wife and I and my mother have a house together and our morgage is 1775 and i also have a son. As you can see theres no way I can make that high of a payment. i now have very bad credit because of the student loans. My mother was also the co signer for the loans and she has bad credit. My wife dosnt have very good credit also. I guess you can say that I dont have another co signer to use. I am trying and stressing on how to pay my loans and getting my credit back. If anyone knows or can give any advice please please do.

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