Bad Credit Answers

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Question:
How can I get student loan with bad credit?
In a couple of semesters, I am going to start nursing school. I'm going to quit my job because nursing school is extremely demanding, and I know i can't handle both. How can I get a good student loan to last me through nursing school? I also have a car payment of 165.56 a month. Is it possible? My dad also has bad credit.

Answer:
Fill out your FAFSA and submit it. For more information you can visit www. fafsa.ed.gov. Not only will they evaluate you for many scholarships and grants that your state may offer based on your information input- they will also determine if you are eligible for low interest loans that require NO cosigner.
Question:
Am i going to get a bad credit score if i pay my credit card bill late for the first time? For the first time, I forgot to pay my credit card bill. Is going to have a bad effect on my credit score even if it only happened once?

Answer:
Have you seen your credit record? There are rows for payments made, green for onetime, red for delinquent. Possible money lenders are looking for a habitual pattern of paying late ( or not at all), not a single instance. If you have 30 green squares and one red square, they won't count it against you.
Question:
Can i get a mortgage with bad credit and ccj history? I have bad credit and have had a ccj within the last 12months will I ever be accepted for a mortgage?

Answer:
The way reputable mortgage companies are handling loans right now, I would doubt it. If your credit score is at least 700, then perhaps you could get a mortgage from a lender online. However, due to the recent mortgage crisis, many of the criteria that were used in the past few years to qualify borrowers, has been thrown out the window. Lenders got burned when many bad credit people walked away from their homes and wound up in foreclosure.

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