Make sure everything lines up!
Your credit score impacts a lot in your life, from buying a car to buying a house and even, sometimes, to getting a job. (Believe it or not, some employers check your credit report.) You owe it to yourself to know exactly what your credit score is, and how you can go about making it better. Here’s a quick rundown of the big things you need to know. Read more
Many students and families have substantial college debt by the time of graduation. For many of those families, private college loans are much cheaper than federal student loans now—a reversal from as recently as one year ago. While the federal government has increased interest rates on its loans for the 2014-15 academic year, most private lenders have kept their rates steady for parents with high credit scores.
Interest rates on new federal Plus loans—which are often taken out by parents—have recently risen. Every borrower gets the same rate regardless of his or her credit score. Read more
Student debt can adversely affect getting your first loan.
At LDSAgents.com we frequently encounter young clients who cannot qualify for a home loan due to high student debt.
“As students graduate with more debt than ever, those with student loans are getting worse credit scores and taking out fewer mortgages. At the same time home ownership rates among younger Americans sink to historic lows. College students who took out loans will graduate this year with an average of $33,000 in student debt, Read more