HSE
Where can dtr get Private Student loan with bad credit & no co-signer?
Last yr dtr took out 1 bank cc & 2 store cc & didn't pay any minimums. Is working 2 jobs & paying down, should be debt free by e/o August. I'm not willing to co-sign, 50 & not much in retirement & pying off hse, also shes been irresponsible. Dad tried to cosign last yr & got screwed up by bank & dtr. Where can she get student loan without co-signer? Approx 30K for 1 yr
Public Comments
- Dear Stressed Mom-FIRST-there is no need to pay that for college-this girl needs to GROW UP and realize that she screwed herself on credit for awhile-go to a city college-get a 2 year degree and then go on from there. She can pay it outright and continue to work on her crdit and get her education. Obviously you didn't teach her about credit and the consequences and she needs to learn the hard way-don't enable her by just getting her more funds. Work thru it- Good luck
- Certain student loans require a cosigner if the student or parent soliciting a loan does not meet minimum credit requirements to receive a loan. This applies to both private and some federal loans; the PLUS loans for graduate students, which can be received by parents or students, have minimum credit requirements, and in either case, parent or student can use a cosigner with good credit to sign on the loan<!--getting student loans without a cosigner is possible being a cosigner is a significant risk, as the cosigner will be responsible for any debt the borrower does not pay. The Stafford federal loans do not require a credit check or cosigner, and should be the first step in your search for college funding. http://best-loans.awardspace.com/student-loans.htm If you do not have any resource for receiving family assistance for attending college, you may qualify for financial aid, subsidized Stafford loans, or the subsidized Perkins loan, which is the hardest loan to attain but the best offer available. If you have a good credit rating-->lenders will offer you Prime interest rates on your student loans; if you have no credit or bad credit, they may ask that you have a cosigner. Ask at several different financial institutions what they can do to accommodate your education finance needs.Usually bad credit loans are given at a higher interest rate and/or with extra fees, but you can lower this number by calling different lenders and demanding the best possible rate.
