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Bad Credit Student Loans for Education

Posted by on Jan 18, 2008 in Education financing, Student Loans, Unsecured Loans | Comments Off on Bad Credit Student Loans for Education

Bad Credit Student Loans for Education

Bad Credit Student Loans-Getting Education Funding Unfortunately in today’s society, the need for bad credit student loans has become more common. But don’t feel that because you don’t have great credit, you will not be able to get education funding. You do have options for getting the money you need to complete your education. There are actually some student loans that are not based on credit. Federal student loans can be gotten by almost anyone that needs one. You just need to fill out a FAFSA form and apply for a federal Perkins loan or Stafford loan. These loans also have very reasonable interest rates. There are many private lenders that offer student loans to almost anyone, but you will be paying a higher interest rate on these loans. Cosigners are also another option for getting a loan. Many lenders will lend with a cosigner. Some of these lenders will drop the cosigner after a certain number of on-timer payments are made. Grants are another option for getting money for school. Many education grants are need based, but not all of them. Grants can be based on many things. It is best to get a list of grants and see what is available. Most grant lists are free, but you may have to pay a small shipping fee. Education can be quite unique and may give you a resource you had not considered. One of the best options for free tuition money is tuition reimbursement through an employer. Many people get degrees with this method. A large number of employers offer reimbursement on tuition as a benefit. Now this means you have to come up with the money for the first quarter through another option or you will have to attend a school that allows you to defer your tuition until you receive your reimbursement check. You usually get about $5,000 per years as a full time employee. It must also be understood that most employers will require you to work for them for up to 2 years after you graduate. This method allows a large number of people to get a college degree without a loan. Without a loan, the status of your credit is not important. There are more options for students with bad credit than one might think. You just have to know where to look. Bad credit student loans are available, but you may need a cosigner or get a federal student loan. Do not let lack of money keep you from getting an education. You do have choices. If you need money for school, bad credit student loans are easier to get than you think. Get more information on free government grants for education. Source:...

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Credit Cards for Single Moms

Posted by on Sep 28, 2006 in Apply for credit card, Credit Cards, Credit Cards for Bad Credit, Low Interest Credit Cards | Comments Off on Credit Cards for Single Moms

Credit Cards for Single Moms

Credit Cards for Single Moms are a Good Thing I was talking to a friend of mine recently, a single mom. She was in the process of buying her first home. She was able to make the payments and had a down payment all set, but she had not enough credit history to secure the mortgage. She told me that the mortgage guy said she should apply for two credit cards. Wow! Silly me. I thought everyone, except the credit card addicted, had a credit card or two. I guess if you paid cash for everything you needed you’d be a very lucky and disciplined person, but for me, using a credit card makes life way easier and it improves my credit rating. Who wants to carry around cash all the time? First of all if you spend it then you need to go get more. I don’t have a cash machine at my house and I hate driving or going to the bank. Then there is the safety issue. Pull out a wad of twenties and it might look like an opportunity for someone to try and take them from you. Why? Because I pay it off every month. Even if you don’t like the idea of having a credit card using one and paying it off every month establishes you as a good credit risk. It takes a few months for the credit companies to find out how great a lendee you are though, so if you are contemplating needing a real loan for real estate or financing college, get a credit card or two, spend a little every month. Put it into your budget and don’t forget about it. Pay it off on time or early, and your credit score should go up. You can use a department store credit card for this, or a gasoline card or a regular old Visa or MasterCard. I don’t recommend a debit card either. A debit card is like having direct access to your bank account. If someone gets a hold of it and figures out how to spend it, well bye-bye money. With a credit card and some personal responsibility, you are never going to lose more than fifty dollars. Check with your credit card company on the details. If you use a Visa or MasterCard make sure to find one that doesn’t charge you a yearly fee, or has a high interest rate. Having some kind of bonus associated with it is a plus. This could be frequent flyer miles, new car rebates, or cash back. If you have a real problem with credit cards and run up the balance then have to pay high interest fees, this is probably not for you. Or maybe you could have a friend or a parent hold them for you so you can’t use them. Just maybe put some monthly recurring payment on it but keep the card away from you. Or not. Lana Hawkins is the author of Mom Pays for Collegeblog. If you’re a single mom that needs to finance an education get the free audio and a detailed report covering many ideas on how single moms can earn money for college. Go to Free Report and Audio – How Single Moms Can Pay for College . Source:...

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