Posts Tagged ‘government student loan’

STUDENT running lowwwwww on money. What to do!?! Line of credit?

June 20th, 2011 by admin | 1 Comment | Filed in Free Government Credit Score

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I’m currently on my 3rd of 4 years of university. My program of choice, nursing, has drained my finances [I have only one day a week to work at minimum wage and not enough money to cover my rent and bills]
- I have a student loan through gov of canada.
- I also have a Student line of credit which is maxed out from first year when I didn’t have my government student loan.

I think my credit score is fine:
I have a credit card which is paid on time
my student loan hasn’t needed payment yet
my line of credit as well.

Do you think I would be eligible for another line of credit through another bank? (with a co-signer)

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Default in AES government student loan, what negative will be on my credit score?

March 5th, 2011 by admin | 3 Comments | Filed in Free Government Credit Score

I defaulted on my AES government student loan, but currently I am in the "rehab" program that they offered to me and paying 0/month for a total of 9 months, and then they said it will go back to AES and go back to regular monthly payments. My question is, how is my credit score going to be effected by the default? When I asked the CA, they said that the default remark would be taken off my credit report, but then they didn’t say much else. What is still going to be on my credit report and will my credit score go up at all?
I do have to also mention that I have had late or missed payments with other credit cards, but they are all paid and closed…
I just want to move on from the stupid mistakes I made when I was younger…
**Please no bashing me, I already know I made stupid mistakes and am fixing them now.**
Thank you!

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