Bad Credit Student Loans Can Help Anyone Get An Education

By Dave Davis

In today's world, it can be very difficult to get ahead. People everywhere struggle to pay bills and take care of their families. Education is more important than it has ever been. Getting an education, however, is expensive. People that have little means can struggle to pay the costs of tuition, books, fees, housing, and other expenses.

Each person's situation is unique and each person has their own challenges. Fortunately, for people living in the U.S., there are options out there that can help almost anyone to pay for a college education.

My parents honestly were dead broke when I was growing up. Even after their six kids left the house, they struggled to make ends meet. I honestly have no idea how they paid for us all when we were living at home. When I started college, I honestly had no idea how I would pay for it. I could barely pay for rent.

When I started college, I knew nothing about credit. I quickly opened up a few credit cards and maxed them both out. They had small limits, about $500 each, but if you know anything about credit smalls amounts can ruin your score just like large amounts can. So my score got knocked down to around the 450 range.

College became very difficult to pay for, and since I had bad credit, I didn't even try to get a loan. This meant that I would have to work for a few semesters and then be in school for a semester. After 7 years of this, I still don't have a degree.

The U.S. government has programs in place that can help people to get loans, regardless of their credit history. Even though my credit score was in the 450 range, I still could have taken out loans.

Bad credit student loans are something that quite a few people need. If you're in this situation, you want to look at Stafford and Perkins loans. Both are provided by the federal government and are available to those that need them, regardless of credit history.

I think these loans can help almost anyone to get an education. Going into debt for education is sometimes scary, but the increase in earning power definitely makes it worth it. If you have maxed out your Stafford loans, you can look at a private lender. However, if you have bad credit, you will probably need to get a cosigner. As long as you can, you can still get a private loan.

About the Author:

Dave teaches people about guaranteed online personal loans as a tool to get out of debt. He also shows people how they can secure bad credit student loans.

How To Improve Your Credit Score

By John Cooper

Improving your credit score can seem like an impossible task. This is because there is so much contradictory information and the scoring model makes you feel as though you have no direct control over your credit score.

Well they are wrong. No matter how bad your credit score is you can take a couple easy steps and improve it.

1. Disputing and removing bad credit items on your report. You can do this yourself or hire a service but it will help your score the most.

2. If you have a bad credit item verified or delinquent account then pay them. Work out a payment plan and have them remove the negative credit item in exchange for your payment.

3. On time bill payment. It is rumored that missing a payment can damage your score up to 50 points.

4. Open a new credit line. This is best if it is a revolving line of credit, for example an unsecured credit card.

This will also help you build a positive payment history by paying your monthly bill. However if you can not qualify for an unsecured credit card then open a secured card, but make sure it reports to all 3 bureaus.

In addition by keeping your balance at approximately 10% of the credit limit it will build the most credit. This shows that you use your credit and use it responsibly.

5. Pay down you large debts. This will help your ratio of available credit to debt. The bureaus want to see that you are not in over your head and the best way to show this to them is by having available credit.

These are the only factors you should focus on when improving your credit score. There is one last tip that is surrounded in controversy.

6. Piggyback credit, this is where you become an authorized user on a high credit limit credit card. The benefit is this account is now reported on your credit report and adding a tremendous boost.

This tactic has been widely abused by some credit repair services. The scoring model has changed to discount this method however it is disputed as to if that change has occurred or not.

In sum if you can take care of steps one through five then you will improve your score. With a high credit score your quality of life will also improve.

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For more tips on how to improve credit score or to see another article about how to remove credit card judgments visit us.