Bad Credit?
I have bad credit, and filed for bankruptcy about a year ago, and have always wanted to go back to school, what are my options?
Public Comments
- bad credit shouldn't stop you from going to school.
- Find the school that you want to go to and make an appointment to go in and speak to their financial aid officer ! They have many programs based on demographics, grades..etc that can help you pay for school. You may even qualify for a guaranteed student loan. In the mean time start rebuilding your credit by paying your bills on time and creating a positive credit history. Good luck at school!
- Two of the major Federal Student loan programs -- Stafford and Perkins -- are unique in that they require absolutely NO credit check. In fact, Financial Aid Administrators are forbidden from checking your credit as a condition for receiving these loans. You don't even need to show financial need to obtain an Unsubsidized Stafford Loan -- as long as your school is accredited, you are enrolled at least half-time as a regular student, and your other financial aid doesn't exceed your Cost of Attendance, you will be offered a Stafford Loan. To apply, just file your FAFSA online at http://ww.fafsa.ed.gov and your school will determine your eligibility before sending you an award letter. Since you have filed for bankruptcy, you wil find it difficuly to be approved for private student loans through private lenders (i.e. Citibank, Citizens, Bank of America). The easiest way around this is to apply with a cosigner -- their credit will act as a sort of "stand in" for yours. (Some borrowers have a tough time getting a friend or family member to co-sign their loan, since, technically, the cosigner is responsible for the loan payments if you aren't good about keeping up with your payments. However, you can seek out a loan that offers a "cosigner release" so that, once you've made a certain number of payments on-time [36 or 48, typically], your co-signer will be let "off the hook.") Every company will have slightly different credit criteria, so you might get approved for a loan at one company but denied with another. If you're interested in learning more about the various lenders' credit criteria, start with the list of private loan lenders on FinAid's website: http://www.finaid.org/loans/privatestudentloans.phtml ... You can go to each lender's site and read the terms and credit criteria of their loans until you find one that's right for you. Finally, don't forget that there are financing options that have nothing to do with borrowing. Apply for as many scholarships as you can. For scholarship listings, you should try * looking online * your college's Financial Aid Office * your local library * your former high school's guidance office * asking ay any associations, clubs, or churches in your area If these options still do not cover your educational costs, see if your school offers a payment plan, either of their own design or as part of an arrangement with a company like Afford or Tuition Pay (http://www.afford.com or http://www.tuitionpay.com ). These will usually entail making your year's worth of tuition payments in 10-12 montly installments instead of 1 or 2 and they usually charge minimal service fees.
- you can still go back to school. universities dont ask for a credit report on you. you can still get student loans also.
- it depends on what type of bankrutcpy u filed and even still you have to make sure that you are discharged and not dimissed because that makes it all the worst until yu start to establish new credit it don't matter anyway you'll start to receive credtt apps later but please becareful abut how yu pick and choose the creditor you want to start restablishing credit with good luck
- I found a solution that worked for me. It might work for you too. I had some pretty serious credit problems…some were not my fault and, I guess, a few were. I listened to the so-called “experts” who said they could fix my credit report and I spent money I didn’t have. I didn’t have any luck trying to get my credit report fixed. I remember paying for the services that these Credit Repair Companies had to offer. The companies told me that they could have negative items removed from my credit reports without any problem, Yeah, right. This did not happen at all. Most of the companies wanted to charge me a set up fee anywhere from $39 to $299 for their services. Not only did they charge this set up fee, most of them also wanted to charge me from $29 to $49 monthly while they “attempted” to repair my credit report. These companies offered no guarantee that their services would actually work and, believe me, they didn’t. I was about ready to give up when I found a lady who had been through the same thing and who had found a solution. She figured out how get all the negative items removed from her credit report within 3 months without paying anyone a penny. She developed a fast, easy, step-by-step process that she guarantees will work for everyone. She sells the complete plan with all the help and instructions for $47.00. I know what you are thinking…”another $47 down the drain,” and that’s kind of what I was thinking too. But, I figured that since she offers a 100% money back guarantee I had nothing to lose. Well, I tried it and it was amazing. I got all of the negative items removed from my credit report and my credit score went from 553 to 715 in only 3 months. All I can say is that it worked great for me. I suggest you check it out. You can always get your money back if it doesn’t work for you. If it works even half as well for you as it did for me you will never even think about asking for a refund. The information is on this site: http://clean-credit-secrets.com/
- There are tons of scholarships that go unclaimed each year. Many $400, $500 or $1000 scholarships never even get applied for because people think it's chump change and not worth applying for. Well, get a few of those $500 scholarships and it'll really make a dent in your tuition bill. Do a search on scholarships, search your major, your ethnic heritage, your town, your parents employers, your employer, hobbies, high school, local chamber of commerce/rotary/ lion's club etc. Left-handed? There is a scholarship out there for you! Older woman returning to school? There are scholarships out there for you. Do combined searches on more than one criteria "hispanic women aviation scholarships" etc. Go to the library and ask the reference librarian for a reference book on scholarships. They usually have more than one. There are all kinds of scholarships out there, you just have to start applying yourself and make it your summer career to send out letters everyday for scholarships. Good luck!
* Some answers may have been provided by Yahoo! Answers.