Is it a lost cause?

[Ihansterx4I]

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So im really interested in being a doctor not only because ill be able to support my family in the future but also to actually make a difference in this world be giving people a second chance at life. Only problem is the finance department.
Im at UCLA right now finishing up a B.A. in History and should be done after my summer quarter. I Plan on finishing up the pre-reqs for med school at a comunity college because it will be much cheaper and honestly a little easier. Anyways, i have taken a few private loans out to eat and sleep and what not through my time at UCLA but with the economy as it is now and Washington doing what they always do... its become extremely hard to get a private loan. Ive tried almost every single loan company that actually offers private loans and have been rejected without even being given a chance to blink an eye. I've always got my private loans before with my cosigner but now they wont even let me get to that point of adding a cosigner.
Im really starting to panic now because I have no job and the job market is not that friendly these days either.
My question through all this would be:
1) Does anyone here have any advice on what I could do financially?
2) I know most people here are optimist and so am i to a certain degree but should I just pull out now before getting in deeper and just try to work my way up a desk job?
I hate being behind a desk but I feel like thats the only option I have at this point. I cant just fix my credit overnight so...
I dont know anymore, someone help me out please.

 

[BennieBlanco]

So im really interested in being a doctor not only because ill be able to support my family in the future but also to actually make a difference in this world be giving people a second chance at life. Only problem is the finance department.
Im at UCLA right now finishing up a B.A. in History and should be done after my summer quarter. I Plan on finishing up the pre-reqs for med school at a comunity college because it will be much cheaper and honestly a little easier. Anyways, i have taken a few private loans out to eat and sleep and what not through my time at UCLA but with the economy as it is now and Washington doing what they always do... its become extremely hard to get a private loan. Ive tried almost every single loan company that actually offers private loans and have been rejected without even being given a chance to blink an eye. I've always got my private loans before with my cosigner but now they wont even let me get to that point of adding a cosigner.
Im really starting to panic now because I have no job and the job market is not that friendly these days either.
My question through all this would be:
1) Does anyone here have any advice on what I could do financially?
2) I know most people here are optimist and so am i to a certain degree but should I just pull out now before getting in deeper and just try to work my way up a desk job?
I hate being behind a desk but I feel like thats the only option I have at this point. I cant just fix my credit overnight so...
I dont know anymore, someone help me out please.

I worked for finance for 3 years. You have some sort of problem obviously with your credit. From the sound of your story, it doesn't seem like you are going to be extended more credit. Federal loans will most likely be your only way. GO FIX YOUR CREDIT, maybe you need to work for a year and get your credit fixed. Don't pay anyone to take care of your credit and don't debt consolidate. Dave Ramsey is a financial planning guy who can give good advice on his website.

You need to fix your credit or at least try to settle your debts with whatever you have on your credit report. What is your credit score and what outstanding problems are on your report? (get a trimerge credit report from all 3 agencies if you don't have one, myfico.com is good but will cost 40 or 50 bucks, you need to do it though if your credit is messed up)

You can call a refinancing company and tell them you are trying to buy a home (call a major bank, not a small broker) and they can pull your credit and tell you your scores for free. If you really work them you might be able to get a copy of your report but unlikely.

 

[BennieBlanco]

So im really interested in being a doctor not only because ill be able to support my family in the future but also to actually make a difference in this world be giving people a second chance at life. Only problem is the finance department.
Im at UCLA right now finishing up a B.A. in History and should be done after my summer quarter. I Plan on finishing up the pre-reqs for med school at a comunity college because it will be much cheaper and honestly a little easier. Anyways, i have taken a few private loans out to eat and sleep and what not through my time at UCLA but with the economy as it is now and Washington doing what they always do... its become extremely hard to get a private loan. Ive tried almost every single loan company that actually offers private loans and have been rejected without even being given a chance to blink an eye. I've always got my private loans before with my cosigner but now they wont even let me get to that point of adding a cosigner.
Im really starting to panic now because I have no job and the job market is not that friendly these days either.
My question through all this would be:
1) Does anyone here have any advice on what I could do financially?
2) I know most people here are optimist and so am i to a certain degree but should I just pull out now before getting in deeper and just try to work my way up a desk job?
I hate being behind a desk but I feel like thats the only option I have at this point. I cant just fix my credit overnight so...
I dont know anymore, someone help me out please.

I worked for finance for 3 years. You have some sort of problem obviously with your credit. From the sound of your story, it doesn't seem like you are going to be extended more credit. Federal loans will most likely be your only way. GO FIX YOUR CREDIT, maybe you need to work for a year and get your credit fixed. Don't pay anyone to take care of your credit and don't debt consolidate. Dave Ramsey is a financial planning guy who can give good advice on his website.

You need to fix your credit or at least try to settle your debts with whatever you have on your credit report. What is your credit score and what outstanding problems are on your report? (get a trimerge credit report from all 3 agencies if you don't have one, myfico.com is good but will cost 40 or 50 bucks, you need to do it though if your credit is messed up)

You can call a refinancing company and tell them you are trying to buy a home (call a major bank, not a small broker) and they can pull your credit and tell you your scores for free. If you really work them you might be able to get a copy of your report but unlikely.

 

[Non-TradTulsa]

- I'm a CPA (inactive, in med school) and I'd be happy to give you my opinion but you'd have to be willing to disclose more information on how far you are in debt now - federal school loans, private supplemental loans, and credit cards.

You're eligible for federal Stafford and GradPLUS loans as long as you're not currently actively in default on a debt.

However, it is possible to screw-up your personal finances so badly as to make even medical school difficult, which is why I'd need more information. From what I gather, though, if you're really serious about medical school and want to do your pre-requisites at a community college, plan on getting a day job (any job, my friend, not just your chosen field - although you might be able to teach history at CC with only a BA - and get a break on tuition to boot) and having to work very hard. Encountering more student debt in order to finance your pre-reqs before you even get to medical school is a bad idea if you're already deeply in hock. I'd also consider getting out of LA and moving someplace where you can live a lot cheaper.

Nobody said the road to medical school was easy, or comfortable. You can forget about any more private loans to finance the extra comforts.

 

[foster033]

You can get a copy of your credit report free every year (one each from the 3 CRAs). https://www.annualcreditreport.com/cra/index.jsp

(Note: there's a lot of sites out there that say they'll provide one for "free" but most are ripoffs, read http://www.ftc.gov/freereports for more info)

I'm personally not a huge fan of Dave Ramsey and Suze Orman but their books are a great place to start to get things in order (borrow from the library to save money😉). If you need help cleaning up your credit, creditboards.com and debtorboards.com are great resources on how to get rid of deliquincies, lates, etc from your credit report. (Note: a paid collections has the same effect on your credit score as does an outstanding collections, I would visit the two forums first before you talk to any collections agencies if that is part of the problem)

Personally I'm envious if finances are the only hurdle remaining. Bankruptcies are gone in 7years but GPA follows you forever in the med school game🙁