I want a student loan and I have precisely a 746 credit score. What should i do?

Deal Score0

Hello, it’s me again. I asked a question about an hour ago about what can a 750 credit score get me. I am credit score illiterate and I would like to thank all who participated. I really appreciate it. Now to make my question more concrete, I am a 22 year old university student majoring in marketing and my parents make too much for me to get financial aid or government student loans, so I have to get private ones. I’m starting to run out of cash. I need advice on what i can get and what i have to do to get a student loan if my FICO score is 746? I appreciate your response in advance!

  1. Reply
    June 26, 2011 at 8:27 am

    Go talk to the student financial aid office; they may have some ideas for you. Then, go talk to your favorite bank. This won’t necessarily do it, but it’s your best shot.

  2. Reply
    June 26, 2011 at 8:31 am

    Considering that the lowest possible credit score is 300 and the highest is 850 you are in excelent shape to try to get a loan. Your parents might have to co-sign for you (since they have a steady income) but you might be able to do it on you own. Go to truecredit.com to learn about your credit and scores. They ask you to sign up for credit monitoring for $ 14.95/month but you DO NOT have to sign up to just snoop around on the site and get educated about your credit!

  3. Reply
    June 26, 2011 at 9:18 am

    ummm… not being a jerk here, but what’s your plan for after college? if you’re running out of cash now, what’s your plan in the event that the degree doesn’t get you the job (which, statistically, it won’t)?

    i’d put as much energy into finding the job you want, as you are into figuring out loans. some companies are hungry for young people in the marketing department. it’s possible that your future employer will pay for some of your college education (if they feel you need it).

    and on the topic of credit (and cash)–if your score is really at 746 you should go buy a piece of real estate!! you can get a good no-money down loan with that kind of score. get a house that you can rent out. there’s your cash! 🙂

    best of luck!

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