<p>Are there any student loans that do not require a cosigner and that I can apply on my own name?</p>
<p>If you find one, let me know. I looked for a long time, but if you need a lot of money like myself, you're going to need a cosigner.</p>
<p>I need around $60,000 dollars. What about those that can't find a cosigner (parents are inelligible due to finanical reasons)? The only potential candidate for a cosigner I have is in $220K worth of college and medical school loans. I don't mind paying high intrest for a private loan.</p>
<p>Have you established any credit? If you haven't and are seriously looking for a loan that you can get on your own, I'd go to my bank and open a sort of loan account - at my bank they would allow me to put $2500 in an account and use a credit card for that account. Basically, as long as you don't go over, you're fine and you can establish credit.</p>
<p>Or go to a retail store and get a line of credit, which students can do.</p>
<p>I have two credit cards and a bank account of my own but I have not used my credit cards yet. Its really useless to use your credit cards considering it takes up to a year to finally establish some form of credit and I need the loan in fall of 07 which leaves me no time. I have however been paying my bills on time.</p>
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I have however been paying my bills on time
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<p>Then you're establishing credit (I think). Have you checked with your bank to see if they'd foot even part of the bill? I imagine that if you need 60k and don't want a cosigner, you'll need to spread it out among several different loans.</p>
<p>I have established credit but it got messed up due to reasons out of my control. Do you know if they are more leinent as far as the approval process is concerned or is it like any other line of credit?</p>
<p>I really dunno. My dad treats credit like the holy grail in terms of importance. Once it's messed up, he says you're kinda screwed for 7 years, because it happened to him. </p>
<p>I guess it'd really depend on your circumstances, but I'm not too smart about finances yet...oddly.</p>
<p>I really dunno. My dad treats credit like the holy grail in terms of importance. Once it's messed up, he says you're kinda screwed for 7 years, because it happened to him. </p>
<p>"same here"</p>
<p>Then you're establishing credit (I think).</p>
<p>"no...not until you start using your credit card."</p>
<p>Well, I know that if you buy a vehicle (like myself) and start making payments, you are establishing credit. If you are late on payments, it can hurt your credit. It just depends on the type of "bill."</p>
<p>Well the car that I have is on my name and paid off thanks in part to my father...so I'll look into it but I doubt it considering he paid it off in one payment (and no it was not a flashy vehicle) . I bought my car from a private dealer and I'm sure banks or credit agencies would not have any record of my doing so. Well guess its back to the lemonade stand for now.</p>
<p>yeah mine was from Ford and we financed it with me as a cosigner...if he paid it off in one shot it won't help. However, if you don't OWN the vehicle yet (as in the title isn't solely in your name) you could consider going to the bank, having the vehicle appraised, and paying your father in monthly payments to purchase the title. This would also help establish credit.</p>
<p>Damn The IRS...them and their annual taxes!</p>
<p>hmm...if your dad said his credit was screwed for 7 years ...he had to have filed for bankruptcy or something very similiar. Missing a few payments here or there will not get you into that kind of hot water. </p>
<p>If there are any bills in your name than they can affect your credit score. As far as credit cards go... until you have an account open for at least three years your credit is considered young and your score is typically pretty low. I am planning on taking out a private loan without a cosigner for around $60,000 if I go to Columbia or NYU but one of the conditions even with fantastic credit is you have to work full time.</p>
<p>im not really sure about the three years thing cause im 20 and i had a pretty high score in the seven hundreds and bought a house under my name without a cosigner. I just got set up with a credit card as soon as i turned 18. But your definitely right about the working full time part.</p>
<p>Yeah it is not always exactly three years. But usually once you hit that three year mark your score significantly improves. I am 22 and have a score in the high seven hundreds too so it is definitely possible. Your income is obviously a primary concern in determining whether or not you will receive the loan.</p>