Saturday, November 21, 2009

Hoq to Consolidate Student Loans - No Credit Check Student Loans

It’s not that hard for students with a good credit score to receive student loans, but those with bad credit can have a harder time getting the loans they need. But now there are both private and federal lenders who offer no credit check student loans which eliminates the difficulty some students have had with obtaining the student loans they need.

There are two types of student loans – federal and private. Both types of loans now have no credit check options.

It is wise to try to obtain a federal loan first as the interest rates are usually lower. The private student loans may have a higher interest rate, but quite often the repayment terms are more flexible.

These no credit check loans can be fairly easy to obtain. You can apply for many online and loans can be approved within a few hours. There are usually some criteria you must meet for these loans which may include a minimum age, proof of your permanent address, etc.

Before you apply for any loan, it is always wise to thoroughly investigate any no credit check student loans you may apply for to be sure you understand what your repayment terms will be.

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