15
Ok so with a new school year beginning I am in need of a loan, just like 90% of the US college students, and of course I have been denied just like most of America with bad credit!
I was a victim of idenity theft back in 2001 and its runied my credit miserably. I have been unable to pay off my debt because i have been in school, and not working! My family of which have bad credit so they cant co-sign…. So obiviously I have no co-signer!
Now here’s my issue I am transfering to a University thats about 35,000 a yr. My Finanical Aid & My Stafford Loans only cover so much… so i have had to resort to a privite loan to cover the rest of my fees, my books & my computer costs….
The problem holding me back is my bad credit!!! (which wasnt my fault might i add, yet i’m being punnished for it!!)
I have been turned down now by 4 different loan companies: Wells Fargo, Chase, Astrive & Direct Loans….I am at a loss of what to do…..
Does anyone have any advice or ideas for me?
I already have a FAFSA award, a Pell Grant and a Stafford Loan…these were not enough to cover the costs!!
i still owe the school almost 10,000….
I have compiled hours and hours of exhausting the internet and I still havent found a bank willing to take into concideration my situtition….Thus why I resorted to posting here..I AM OUT OF OPITIONS
Tags: Advice, Bad Credit, Chase, Direct Loans, Finanical Aid, Loan Companies, No Co Signer, Pell Grant, People, School Year, Stafford Loan, Stafford Loans, Student Loans, Us College Students, Wells Fargo
August 17th, 2008 at 3:03 am
I understand completely how student loans can give you a headache. I do know that getting the private loan will also bring you more debt. The lender of a private loan has the power to adjust the rates anytime they want and interest alone will go through the roof. I also know that in the even you were to claim bankruptcy (just in case) private loans cannot be erased which means that you would still be liable. I did not have enough to cover so I decided to just withdraw and save up the money. I want to go to school, but putting myself into further debt and numerous credit inquiries as well is not the way.
August 20th, 2008 at 4:05 am
need student loans but having troubled with bad credit.don’t worry its better for you to try for an online loan.banks in online also lend loans even u hav n ocredit also.i think that the below website will help you to find right solution.
Add A Comment