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Private student loans with bad credit and no-cosigner??

I am independent , working full-time , and went to the first year of college full time paid it out of my pocket, but stopped it for awhile , because the cost is way too much . I am entering my second year of Flight school., which is very expensive. I have Stafford loans but its not enough to cover all the cost. Does anyone know of any private lenders that deal with bad credit and no cosigners??

Public Comments

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2. With bad credit and no cosigner it will be difficult and you may not get one. Try to get some cosigner and apply for one and you will get a loan. The rate of interest may be high than the others with good credit. http://www.easystudentloan.blogspot.com
3. Unfortunately, there is no such thing as a private loan that does not require credit-worthiness or a co-signer that is. Here is the reasoning behind this: Federal Student Loans do not require a credit check or co-signer because the loans are federally guaranteed. This means that the federal government has guaranteed to the lender that, if the borrower defaults on the funds, the federal government will repay the loan instead, in which case you would then owe the government instead (which is not a good thing, by the way!) Because there is no risk involved in lending to you on a federally guaranteed loan, there is no credit needed. On private loans, the lender is taking a risk in lending to you because they are counting on you to be able to pay it back. On private loans, there will be no one else responsible that will step in and ensure that the lender receives the money back, so they need to be shown your ability to repay through your credit-worthiness or that of a co-signer. And that's the bottom line. If you do happen to find a loan that claims that it will lend to people will bad credit, I would be extremely hesitant to take out such a loan. This indicates a completely outrageous interest rate or loan terms that are going to make it very difficult to actually repay. This can put you in a lot of financial trouble down the road. Whatever you do, please be sure to read every single word of any promissory note or contract that you sign to ensure that you are fully aware of the loan that you are getting yourself into BEFORE you sign a thing.
4. you can, Credit Score is not all they look at, must meet minimum debt service ratios and they look your dad job. I found interesting information about your answer, THE BEST college loans with low interests, scholarships, college grants here.http://all-student-loan-consolidation.blogspot.com/2007/09/college-loans-your-friend-and-your-aid.html