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getting frustrated with college loans. help?
DarkSymphony
Registered User regular
Registered User regular
basically, I'm working on attending my first year of college asap and I tried going last year, only to be declined on a credit-basis for a private loan. My parents *refuse* to cosign (no fucking clue why) so I have to get the credit myself.
Now, I got a credit card for just such a matter about a year and a half ago. I racked up a good credit amount that's still manageable and I've been making every payment on time ever since. I just tried getting a credit pre approval and I'm still unable to get a credit based loan myself.
What are some good ways to build yet more credit so that I can get a loan? and, as a second question, what are good places to be able to get approved?
Now, I got a credit card for just such a matter about a year and a half ago. I racked up a good credit amount that's still manageable and I've been making every payment on time ever since. I just tried getting a credit pre approval and I'm still unable to get a credit based loan myself.
What are some good ways to build yet more credit so that I can get a loan? and, as a second question, what are good places to be able to get approved?
DarkSymphony on
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I can totally understand why your parents won't cosign a loan as it is very easy for you to fuck up THEIR credit score, but is there maybe something you can work out with the Bank of Dad?
I don't see many financial institutions jumping at the opportunity to give out unsecured loans to people with limited credit histories. Sorry dude.
If you're living with your parents and they are taking care of most of your bills you should be able to save the money you need in a few months.
Go to the Financial Aid office at the school. They specialize in finding money for otherwise fucked people.
Use the internets and find some scholarships. I found a few hundred dollars for undergrad back in the day and I was an upper middle class white kid, B student, on the Track Varisty B team. You don't need to be exceptional, you just need to find someone who doesn't mind giving you money
FA offices are obnoxious and bureaucratic once you've started giving them money, but up until then they're surprisingly helpful! (I wonder why.) Among other things, they should have lists of the aforementioned scholarships.
He's getting credits that he needs in order to enroll in his actual degree program.
Your mileage may vary.
My school is private and extremely expensive, but as a Junior here, they have never been anything but polite and helpful to me. While some bigger schools may have offices that are rude, mine have been great the entire time.
Many community colleges have agreements with state universities. I went for two years then transferred to a local uni with 0 problems.
Here's a rough starting point
As for building your credit score, unpaid balances are not good on credit cards. They like it when you spend a reasonable amount every month, and then pay it all off. I think they also like it when you have at least 2, maybe 3, credit cards. Just make sure you use all of them every once in a while, and pay everything off in full, every month. Finally, they look for how long you've had your credit cards. If you've had them less than 3 years you just kind of get screwed. Not a lot, but somewhat.