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If you are under 21 years old and cannot show an independent ability to make the minimum periodic payment on the account, the card issuer cannot approve your application unless someone at least 21 years old who is able to ...
The Equal Credit Opportunity Act does not guarantee that you will get credit. You must still pass the card issuer’s tests of creditworthiness. But the law bars discrimination based on age, sex, marital status, race, color, religion, and national origin ...
Generally, age cannot be used to make credit decisions; however, it may be considered in certain circumstances. For example, a creditor may use an applicant’s age as part of a valid credit scoring system (so long as it does not ...
When you consolidate your federal student loans, you are actually taking a new loan called a federal direct consolidation loan. This new loan combines several federal student or parent loans into one larger loan, which replaces your original federal student ...
Private student loans – also known as alternative loans – are offered by private lenders to provide funds to pay for educational expenses. They are not part of the federal student loan program and generally do not feature the flexible ...
When deciding how much you should borrow in student loans, it helps to start with a budget for not only the school year but for your total expected time in school. For each additional year that you are in school ...
Yes, having a student loan will affect your credit score. Your student loan amounts and payment history will go on your credit report. If you make your payments on time, your credit score will be helped. In contrast, failure to ...
Your loan servicer is the company that sends you your bill each month. Servicers are private companies that collect payments on a loan, respond to customer service inquiries, and perform other administrative tasks associated with maintaining a loan. Loan servicers ...
For most federal student loans, you must start making payments six months after leaving school. The six-month period following school where you don’t have to pay is called a “grace period.” Federal student loans require online “exit counseling” when you ...
The definitive source for your current loan balances of all of your federal student loans is the National Student Loan Data System (NSLDS).
