Consolidating private educational loans with a bad credit score?
Sep 21, 2009 in
Financial Aid
Lindsay
I have a really bad credit score, as a lot of kids coming out of college have. I also have about $25,000 in private loans that I would like to consolidate. Any suggestions? I know consolidating federal loans isn’t a problem, I’m just worried that since my credit won’t be approved I won’t be able to consolidate my private loans. Anyone know if this is possible and maybe suggestions on companys? Thanks so much.
I have a really bad credit score, as a lot of kids coming out of college have. I also have about $25,000 in private loans that I would like to consolidate. Any suggestions? I know consolidating federal loans isn’t a problem, I’m just worried that since my credit won’t be approved I won’t be able to consolidate my private loans. Anyone know if this is possible and maybe suggestions on companys? Thanks so much.
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2 comments
Miriam on September 22, 2009 at 8:42 am
Bad Credit Does Not Mean You Cannot Get A Loan.One of the most popular resources for researching bad credit loans is the internet. Almost all lenders have web sites that provide guidelines and information about their bad credit loan programs, and some even offer onlinemake your credit rating worse, so make sure you learn as much as possible about each lender’s program before deciding whether or not to complete an application. You can also work with an independent loan broker to help determine which lenders have programs that fit your individual circumstances.
kimba T on September 23, 2009 at 11:57 pm
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