Fed Financial
Private summer student loans with bad credit but with co-signer ...?
I know there's a thousand "I have bad credit and I need more loans" post, but my situation is a little different I think. I just need about $3,000 for summer school (wasn't covered by my pell grants), I have pretty bad credit (about $2,000 in debt on 3 credit cards), but my mom has OK credit (some flags show up because she gets most of her money from pension, and only makes about $40,000 a year other than that. She's never declared bankruptcy and has a good history of paying her mortgage and credit cards. Another flag comes up with her because she has a lot of outstanding credit card debt, but she pays on it regularly). I was already denied by astrive, and they made it pretty clear while there were still oustanding debts on my end, it didn't matter if I had a co-signer or not. Are there any lenders that are a little more flexible, willing to look at the situation a little more in depth instead of just going by a credit score formula? I really need to these classes this summer!
Public Comments
- Don't take out a Private Student Loan. EVER. They are Evil, have high interest rates, substandard terms, all require a credit check or a cosigner. Not to mention those elusive"Fees" they will charge you. Take out a federal student loan instead. Perkins and Subsidized Stafford are the best, but even a Unsubsidized is better than a Private. 3,000 for the summer? Are you sure that is right? Full time summer semester is only 6 credit hours... that's 2 classes. Save up some money and don't do loans for your tuition if you don't want to do federal loans. You might take those summer classes at a community college if you are still doing your general ed to get that cost down. Just some suggestions.
- since u do not say where u live or how old u are. here is an answer that works world wide. go to work. deliever pizza, cut grass, work mcd's, throw papers boxes. suggest u and mom read 'total money makeover' d.ramsey will save u more slavery. if u can work for the money , u don't go. simple.
- Spectacular info about your Question HERE: http://all-student-loan-consolidation.blogspot.com (student loans, scholarships, gov aid footer & partime jobs) Good luck!
- Just because one company denies you, don't give up hope. There are alot of credit card and financing companies that want and are competeing for your business. But you must do your homework. Check out this site for more help: http://www.credit-card-loans-debt.com
