2006-11-14 13:42:58 · 4 answers · asked by Utopia 4 in Business & Finance ➔ Credit
The minimum FICO score is 640. Prior to July 1, 2001 the score was 630. Raised by 10 points in 5 years.
2006-11-14 13:49:12 · answer #1 · answered by Jason R 1 · 1⤊ 0⤋
I have regular student loan through Sallie Mae and those are guaranteed by the government so anyone can get them. I also needed to send my son to Sylvan Learning Center for tutoring and couldn't pay out of pocket. Sallie Mae considered that a private loan and I had to have a co-signer for that one. It really depends on what type of loan you're looking for.
2006-11-14 15:06:40 · answer #2 · answered by NETTA M 3 · 0⤊ 0⤋
Sallie Mae will finance you even if you have a bad score. Once you have been out of school for 6 months, they will charge you a higher rate than they charge people with better scores. Be careful of their late fees, make sure you make payments on time. Also, they will apply your payment towards interest rates before they charge it to the principle amount, unless you tell them otherwise.
2006-11-14 13:46:38 · answer #3 · answered by Mariposa 7 · 0⤊ 0⤋
hi
2006-11-14 13:50:00 · answer #4 · answered by rai t 2 · 0⤊ 1⤋