gradplus loan question

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
kd12
Posts: 7
Joined: Sat Jun 05, 2010 1:21 pm

gradplus loan question

Postby kd12 » Fri Jun 11, 2010 2:54 am

I don't have anything negative on my credit report such as collections, late payments, bankruptcy.

However, I do have an auto loan and very heavy credit card debt. Despite all the debt I have, I have always paid on time and have never paid late on anything.

My credit score has suffered due to the debt.

Will I be denied a gradplus loan from having too much debt?

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beef wellington
Posts: 882
Joined: Mon Oct 12, 2009 10:05 am

Re: gradplus loan question

Postby beef wellington » Fri Jun 11, 2010 2:58 am

kd12 wrote:I don't have anything negative on my credit report such as collections, late payments, bankruptcy.

From what I've heard on this site, this is pretty much all they care about. You should be okay.

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kalvano
Posts: 11724
Joined: Mon Sep 07, 2009 2:24 am

Re: gradplus loan question

Postby kalvano » Fri Jun 11, 2010 9:48 am

You'll be fine.

AsylumPB
Posts: 113
Joined: Tue Jan 26, 2010 7:30 pm

Re: gradplus loan question

Postby AsylumPB » Fri Jun 11, 2010 9:56 am

you won't have a problem at all

kd12
Posts: 7
Joined: Sat Jun 05, 2010 1:21 pm

Re: gradplus loan question

Postby kd12 » Fri Jun 11, 2010 1:52 pm

That is definitely good to hear. Thanks all for your help!




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