What company can I use to get a private student loan?
I’m only 19, and my credit isn’t the greatest so I’m sure I can’t get it by myself. I have a co-signer but their credit isn’t the greatest so I’m wondering what companies i can use. If theirs a higher interest rate that’s fine. NO PRIVATE LENDERS PLEASE…..u will be deleted.
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Interest rates are done one of two ways.
A. A loan company sets their rate and either you are eligible for it by fitting into their credit criteria or not.
or
B. A company uses a tiered credit system as they star everyone off at prime rate and charge anything additional or drop the rate according to your ( and your co-signers) credit. With those loans you can see an interest rate of prime -.25 for EXCELLENT credit all the way to 6 over prime.
Try the Signature loan from Sallie Mae, they use the tiered system. This may work for you. If you just have a LACK of credit (and not BAD), you could try Campus Door.
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I’m a student too and I have got some information from below website when I try to get information about student loans. Maybe you can try it too. Good luck.
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