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?



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?
Unsophisticated in the finest sense of the word.





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.
HTH
Z





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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