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Thread: Student loan refinancing?

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    Veteran Member jadey23's Avatar
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    Default Student loan refinancing?

    I just recently started payments on my federal student loan. Joy. I really would like to refinance as soon as possible, I have great credit but very little income on paper to speak of, has anyone been able to get around that?
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    God/dess Zofia's Avatar
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    Default Re: Student loan refinancing?

    The three C's of banking: Creditworthy, Capacity, Collateral. All good bankers look at the three C's when lending. If you have a good credit score (creditworthy), income (capacity) to service the loan and your other obligations and collateral, they will happily lend you money. Insufficient income, or insufficient documented income and you won't get the loan. Not from a reputable banker any way. Get that income up and you'll be able to refinance.

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    Default Re: Student loan refinancing?

    I just read online that Federal Student Loan finance companies are considering garnishing paychecks, which is both not surprising and completely awful.

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    Veteran Member queenelayliah's Avatar
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    Default Re: Student loan refinancing?

    Quote Originally Posted by SnuffleUffleGrass View Post
    I just read online that Federal Student Loan finance companies are considering garnishing paychecks, which is both not surprising and completely awful.

    I hope not. I read some where yeah online i think 900 million people are behind on their student loans. I hope they dont start garnishing. Shit my would be monthly payments would be $400.
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    Default Re: Student loan refinancing?

    Quote Originally Posted by queenelayliah View Post
    I hope not. I read some where yeah online i think 900 million people are behind on their student loans. I hope they dont start garnishing. Shit my would be monthly payments would be $400.
    Apparently a lot of ideas are being thrown around re- student loans.

    I am not going to get into current events but IMO the US government wants to address some issues before any new president gets ideas about "going easier" on people with student loan debt.

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