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Can I Get a Private Student Loans With No Credit Check?

By Edited May 3, 2015 0 1

You may have been searching for private student loans no credit check required but the truth is that you're going to have difficulty finding such loans because in reality they don't exist. Many people search for private student loans no credit check required but the reality is that virtually every private student loan lender out there is going to require that you submit to a credit check, and on top of that most of these private lenders are not going to be able to approve your application if you have bad credit. If you are looking for private student loans that don't require a credit check then you probably have bad credit, and if this is the case your options are pretty limited if you are going to be looking for a quick approval.

When you have bad credit and are in search of private student loans there are typically three different routes you can take. You can first try to apply yourself to private student loan lenders with just your personal and credit information and ninety-nine times out of one hundred you are going to be denied by most lenders. You then have two more options that may help aid you in getting approved-first you can then either apply with a credit-worthy cosigner, or second you can try and make the effort to improve your credit and then apply again later. The best option in my opinion involves applying with a credit-worthy cosigner as this can almost guarantee your approval at most private lenders if your cosigner truly has good credit and other credentials.

No credit check private student loans are not a reality and if you cannot come up with a cosigner then you are going to have to either find another way to pay for your college education or you are going to have to take the steps to improve your credit. This is actually not that difficult if you can figure out the exact steps you must take to raise your credit score, and often times if you can make the effort to fix just the problems on your credit report it is not uncommon for credit scores to jump by over fifty points in less than a month. The best things you can do to quickly improve your credit involve fixing any errors that may be on your report, resolving any defaulted accounts, and paying down your balances so that you are only using about a third of your available credit limit. By doing these things you can easily improve your credit to the point that you will at least have a chance at getting approved by a private student loan lender, and unless you do some of these things your credit is going to prevent you from receiving such private financing from the majority of lenders that supply these kinds of private loans.

It is unrealistic to think that there is such a thing as a no credit check private student loan, and much of the confusion has stemmed from the rise of the bad-credit loan industry and how people turned those bad-credit loan products into student loan versions when in actuality no real student loan products were ever being offered by these bad-credit lenders! This has created a big mess with a good proportion of college students searching for these bad credit private student loans without a cosigner needed, and the word must get out that no such loan products really exist. By doing this, college students will be able to have a better grip on where they stand when it comes time to locate the financing for their college education, and hopefully it will prevent them from searching for no credit check private student loans.

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Comments

Apr 30, 2010 8:19pm
Lionlay23
hey I heard of this guy who is trying to go to university in the states but is from canada. he cant afford it by himself and hes trying to get scholarships etc. he has a website asking for donations to help him get n education....
.

http://jamescuniversity.x10hosting.com/

thats his website. He only asks that you donate a small amoutn and that every little bit will help him reach his goal of going to a good university in the States.

If you can't donate, I suggest you should at least tell other people about it, he sound like a pretty legit guy. I donated! and if you think hes a scam you can meet him on msn or skype! it was cool, I donated to him just cause i thought he deserved it!
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