Bad Credit Student Loans

If you have limited, poor, or bad credit and are looking to apply for a student loan, consider the Federal Stafford Loan - there is no credit component to it to qualify. Learn more at www.StaffordLoan.com

If you need additional funds, with the help of a qualified cosigner, consider a Private Student Loan. You must apply for a private student loan with a cosigner who has good or great credit. Applying with a cosigner improves your chances of getting approved and getting a better interest rate. Learn more about Private Student Loans at www.ActEducationLoans.com.

Student Credit Cards can help you build credit

If you are a student with poor or limited credit, a student credit card can help you build the credit history that you need to improve your FICO score.

The following student credit cards are cards we feel are good options for students with limited credit. They currently have high acceptance rates and good interest rates and benefits for our student audience. Because too many credit inquiries will hurt your credit score, we recommend playing the odds with the following cards:

• Chase +1^SM Student MasterCard®
• Capital One® No Hassle Cash^SM Rewards
• Orchard Bank® MasterCard for Students
• Citi® mtvU Credit Card for Students

About Your Credit Report

Your credit report contains information that affects whether you can get a loan – and how much you will have to pay to borrow money. You should review your credit report to make sure the information is accurate, complete, and up-to-date before you apply for a loan or for a major purchase like a house or car, insurance, or apply for a job.

Once per year you may request a free credit report from www.AnnualCreditReport.com. You may also get immediate access to your credit report online.

About Your Credit Score

Your credit score is a number ranging between 300 and 850 which is derived from your credit report.  It gives lenders a quick view of you as a borrower and allows them to make decisions about how risky lending you money will be. Your credit score is like an SAT score for life- it will be used to represent you and the likelihood that you will succeed or fail financially. Find out your credit score now using our recommended credit service and begin improving it!

Why FICO 08 Will Hurt Your Credit Score

A new credit scoring system is being implemented in early 2008 which is expected to hurt an estimated 60 to 75 million consumers, many of them students. The new credit scoring system is called "FICO 08" and will change the way Fico Credit Scores are calculated. Read the details now!

Manage Your Credit Debt Better

Student credit cards come in handy for emergencies as well as for things that we know we'll probably regret later. If you're like us you're not exactly using cash to pay your way through college. Because so many college students get into credit card debt we've put together this free article to help you manage and eliminate you student credit card debt. Read the article now.

Get Your Questions Answered

The Student Credit Forum is the place to ask specific questions about student credit or financial issues. It's also the right place to share your experiences, both good and bad with other students. Registration is free and only takes a second. You don't need to register to read the forum however. Go to the Student Credit Forum now.

Step-By-Step Instructions for Repairing Credit

Under the law, both the credit bureaus and the organization that provided the information to the credit bureaus, such as a bank or credit card company, have responsibilities for correcting inaccurate or incomplete information in your credit report. Repairing your credit begins with the correction of incorrect items on your credit report. Our credit repair article will walk you through the process. Read it here.