Personal Credit Coach

Three Things You Need to Know before You Take a Student Loan

Stephen Leifer - Friday, March 17, 2017
Student loans can be a good way to pay for higher education. For some people they are a necessity. Here are three things you should know before signing on the dotted line for your student loan: Public and Private Loans are Different You can accept both public and private loans to pay for college. Public or federal loan are issued by the government, have interest rates that are set by congress, and offer a variety of benefits as well as shortcomings. They are non-dis-c ..

How Your Credit Score Affects Your Student Loan

Stephen Leifer - Friday, March 10, 2017
Student loans are often the first thing that appears on a person’s credit history. Despite having to make installment payments, these type of loans usually do not hold the same value as credit card, vehicle, or other loans when it comes to establishing credit. However, the amount owed on your student loan does have an impact on your credit score – and since student loans are often tens of thousands of dollars, the effects can be devastating. Your loan can help you build credi ..