2006-08-29 08:47:46 · 13 answers · asked by Dan S 1 in Business & Finance ➔ Credit
it's impossible to have a good rate with bad credit.
But you'll find a loan !
2006-08-30 15:04:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The student loan thing is probably a good bet if you can get it, as well as some of the other options that other people have mentioned.
One thing you should consider doing for the long-term is working on improving your credit. Good credit is something that will help you in many ways; bad credit will haunt you when you try to buy a house, finance a car, etc. With bad credit, even if you can get a loan, it won't be low interest, so things will cost a lot more.
There are a lot of resources on the net that talk about how to improve your credit - a simple "improve credit" search will reveal many. Two of the most important points in my experience, in improving my credit, were to start living within my means so that I didn't generate more bad credit, and trying to clear up the bad credit that was already on my files. Also, having a credit card or loan of some sort and paying it on time every month will go a long ways to improving your credit. But only if you are able to not spend more than you bring in each month and run up yet more debt. After that it is mainly a matter of time.
good luck!
2006-08-29 08:59:40 · answer #2 · answered by Amanda 3 · 0⤊ 0⤋
What is the loan for? You may want to try a local credit union. They tend to have low interest rates -- with some requirements (ie: have an account with them). I'm not sure how a credit union would handle a bad credit situation -- that might hinder your ability to secure a low interest rate loan.
2006-08-29 08:52:36 · answer #3 · answered by Shibi 6 · 0⤊ 0⤋
Federal Student loans do not require a credit report. However, if you're wanting a bank loan, ain't gonna happen.
No income + bad credit = tainted goods.
2006-08-29 08:55:45 · answer #4 · answered by drshelleyod 1 · 0⤊ 0⤋
Unlikely to happen. Maybe if you have a cosigner with good credit, but I still even doubt it then.
Your only chance is to get a student loan through the government. There are few, if any, conventional options available.
2006-08-29 08:50:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You can't. College student (probably no or next to no income)... Bad credit....
Why would anyone lend you money at a low interest rate ?
2006-08-29 08:51:06 · answer #6 · answered by Badspe11er 3 · 0⤊ 0⤋
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RE :Where can I get a decently low interest rate loan while being a college student with bad credit?
Follow 12 answers
2017-04-05 00:43:29 · answer #7 · answered by ? 6 · 0⤊ 0⤋
you can't. you can try to get a loan from providian or beneficial but it ain't going to be low interest.
2006-08-29 08:56:15 · answer #8 · answered by bella_4624_19 4 · 0⤊ 0⤋
You probably won't be able to get one by yourself. You might need a cosigner.
2006-08-29 09:02:58 · answer #9 · answered by j2e0s0s0 1 · 0⤊ 0⤋
Sorry Dan...It ain't gonna happen.
2006-08-29 08:53:37 · answer #10 · answered by lisa46151 5 · 0⤊ 0⤋