HELP!!!!!Bad credit... School Loans?
Ok so I have really bad credit and last week I finished paying most of the bills I owe. I've decided to go to school and I did my fafsa and got denied ... I did get a stafford loan, but that is not going to cover the whole tuition and living expenses and so on . Now what should I do? where can I apply? I have heard about sally mae but won't they run my credit?
Public Comments
- You were not denied for financial aid you just were not eligible for the Pell grant, and yeah unfortunately loans don't always cover the costs. Any additional loans will be credit based so you may need a co-signer, speak with your financial aid office and see if they recommend one.
- Have you talked to the school's financial aid department? See what they can do for you.
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- Here is an article http://sivu.at/2c3 with some information on loan options and the best plans.
- Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://umgarticles.atspace.com/debt-consolidation.htm if it helps kindly remember me in your voting!.. cheers!
- honestly, the only way it sounds like you will be able to get any private loans with bad credit is to have a co-signer. I know it is difficult to have someone take on that responsibility, but it sounds as if you are trying to change your life and perhaps, you can convince a parent or relative to believe in you and co-sign on your loan. This would also be a great way to start to build up your credit again. Good Luck and check out http://www.thinkfinancial.com for an alternative to sallie mae. I find that Sallie Mae is difficult to work with because of the size of them and the amount of borrowers they have. Check some smaller companies and compare rates.
* Some answers may have been provided by Yahoo! Answers.