Understanding Bad Credit and Its Impact on Student Loans
Bad credit can be an unintended consequence of various financial behaviors such as late payments, defaults, or bankruptcy. It’s a term that can haunt students seeking loans, as it often leads to higher interest rates and tougher borrowing terms. However, it’s crucial to recognize that a poor credit score isn’t the end of the road. According to Experian, one of the major credit bureaus, a FICO score below 580 is considered ‘poor’. Yet, even with such a score, students have avenues to secure funding for their education.
The Availability of Bad Credit Student Loans
