What determines credit score and what is the probability that I will obtain this loan?
Sep 14th, 2008 by admin
I applied for a salliemae loan (signature student loan) I talked to them and they said that they will check my credit score and I’m 17… so do I even have a credit score? If so what is the likelihood of me getting this loan and also what determines a credit score. I currently work 20 hours a week making $8/hr….
You may not yet have enough credit established. The credit score is determined by how you pay your credit cards and loans back. If they are paid on time or late is the main factor. They may ask for a co signor for the loan. Good luck!
The credit score depends upon your timely debt or loan payment. I think there would not be any problem for you getting a student loan. Just try this source ..as this people provide student loan at a lower rate and that too without co-signer.