When should I consolidate my federal and private student loans?
Posted on February 8, 2010
Filed Under Financial Aid | Leave a Comment
marela asked:
I have a few different student loans out; 3 private and 1 federal. Should I wait until I graduate to consolidate or should I do it now. I’m currently paying $500 on one private loan. The other loans have a 7.62% interest rate. Any suggestions?
I have a few different student loans out; 3 private and 1 federal. Should I wait until I graduate to consolidate or should I do it now. I’m currently paying $500 on one private loan. The other loans have a 7.62% interest rate. Any suggestions?
Do lenders view student loans just as they do other debt such as credit cards?
Posted on February 7, 2010
Filed Under Credit | 1 Comment
BeatTheGib asked:
Basically my question is this: In a lenders eyes and for credit reporting/scoring purposes, are all loans viewed equally? Other than the commonly lower interest rates on student loans, is there any reason more attention should be given to credit cards and other loans when constructing a debt-reduction program? What are the pros and cons?
Some people seem to missing the point of my question (Hope). My credit is fine though I do have student loans for my undergrad and graduate education. I pay ALL of my bills ON TIME. I know lenders look at a debt-to-available credit ratio. I also know this is a variable in the formula they use to calculate your credit score. Because often times student loans are a necessary evil whereas credit cards aren’t, is there any difference in how their viewed for those purposes.
Basically my question is this: In a lenders eyes and for credit reporting/scoring purposes, are all loans viewed equally? Other than the commonly lower interest rates on student loans, is there any reason more attention should be given to credit cards and other loans when constructing a debt-reduction program? What are the pros and cons?
Some people seem to missing the point of my question (Hope). My credit is fine though I do have student loans for my undergrad and graduate education. I pay ALL of my bills ON TIME. I know lenders look at a debt-to-available credit ratio. I also know this is a variable in the formula they use to calculate your credit score. Because often times student loans are a necessary evil whereas credit cards aren’t, is there any difference in how their viewed for those purposes.
Can I default on loans given to my corporation without severely damaging my personal credit?
Posted on February 7, 2010
Filed Under Credit | 1 Comment
dombros asked:
I am a small business owner in california with loans that were granted to my corporation.
I am a small business owner in california with loans that were granted to my corporation.
Where can I consolidate private and federal school loans for the best rate?
Posted on February 7, 2010
Filed Under Financial Aid | 1 Comment
Nurse Thien asked:
I’ve attended 3 different colleges and have lost records of my loans. Is there a way I can find out where I owe without having to contact through the school? I’ve tried Next Student, but they’ve told me to find out how much I have in private loans which has become a complete mess. Any suggestions?
I’ve attended 3 different colleges and have lost records of my loans. Is there a way I can find out where I owe without having to contact through the school? I’ve tried Next Student, but they’ve told me to find out how much I have in private loans which has become a complete mess. Any suggestions?
Where can I get the best loans with the best interest rates?
Posted on February 5, 2010
Filed Under Other - Business & Finance | 2 Comments
Luke asked:
Where/which banks/institutions can I get the best loans with the best interest rates from?
Where/which banks/institutions can I get the best loans with the best interest rates from?
What types of loans are best for personal credit/debt?
Thanks.
What’s considered a small size loan, etc, a high size loan, etc?