my husband cant seem to get credit on his own. it it because he got a loan for school? it was only a few months ago.how can his credit be improved if he needs these loans to get through school?
2006-09-15 07:11:07 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
It's hard to say how he can improve his credit without knowing how many baddies and what kind he has on his reports.
You might want to go to the link I've provided. Start in the Newbie Forum and then in the Credit Forum, Student Loan Forum and maybe even the Mortgage Forum (I noticed that you have a question about that).
Learn how to deal with the baddies on his report. And then you can learn how to rebuild his credit.
After you do some reading and you have some questions, feel free to post them in the forum that your question pertains to.
Everything on that site is free to read and use and the site is packed full of great info on how to deal with bad credit and how to rebuild/build credit.
2006-09-15 07:33:58 · answer #1 · answered by echo 7 · 0⤊ 0⤋
It is possible that is the case... however, school loans, if from the government do not affect your credit history for quite some time... regular payments of even the smallest amount ($10-$25) would stop the credit report causing bad credit.
A credit card for poor credit holders is a good idea to rebuild his credit. Try my source... great credit card directory which allows you to review and compare credit cards.
2006-09-15 07:17:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I have had the exact opposite experience. I have student loans out in my name, which allowed me to have enough credit to get a credit card. As long as he has no outstanding payments, I don't see why it would bring down his credit score.
2006-09-15 07:20:36 · answer #3 · answered by billyidolrules 3 · 0⤊ 0⤋
There are alot of steps involved in improving credit and it dos take time. I recommend ordering a free copy of the credit report and seeing what is working against him, look for errors and contact creditors of any outstanding accounts. If you can dispute any errors then once it is resolved in his favor it will come off immediately. Go to http://finance-girl.blogspot.com/2006/09/raising-your-credit-score-who-doesnt.html to read about raising your credit score.
2006-09-15 07:43:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋
School loans should have no effect, unless they're deliquent. Do the lenders know he's in school (and thus not in repayment)?
2006-09-18 12:59:51 · answer #5 · answered by Dwight D J 5 · 0⤊ 0⤋