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Does anyone know if your credit rating affects your student loans? What are considered good, avg, and poor credit scores?
Credit Rating affect student loans?
- Thread starter Far Cry
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Hi
Yes it is the single most important factor. The information booklet for Citiassist clearly states the increasing interest rates for decreasing levels of credit history. If your/your co-signer's credit history is positively bad, the loan may get rejected all together. I know a couple of people who got a rejection for their loan. It will affect your own credit history and interest rate too. So please be very very careful when applying for a loan.
Yes it is the single most important factor. The information booklet for Citiassist clearly states the increasing interest rates for decreasing levels of credit history. If your/your co-signer's credit history is positively bad, the loan may get rejected all together. I know a couple of people who got a rejection for their loan. It will affect your own credit history and interest rate too. So please be very very careful when applying for a loan.
