How Do You Get A Private Student Loan With Less Than Perfect Credit?
Most private student loans require you to have good credit in order for you to obtain the loan. However there are some alternatives to getting the loan even if your credit is not so perfect. In many cases when applying for a private student loan you will need a credit-worthy co-signer (credit score 660 and up). This can be a parent, family member or friend. Keep in mind that most banks use credit-scoring as the initial route to determining if you are eligible for the loan. With most banks you may request to have your co-signers name removed if you make timely payments on your loan for a year. Banks who offer student loans, have different types of loans that have different requirements. Ask the bank specifically what is there required credit score, and what credit reporting agency do they use (Equifax, Transunion, Experian) BEFORE applying for the loan. Since not all credit reports are the same so if you know which report the bank is going to use then you can determine if you want to ap
