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Author Topic: What sort of rates did everyone get on their private loans?  (Read 7858 times)

onepoint

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Re: What sort of rates did everyone get on their private loans?
« Reply #60 on: June 29, 2005, 09:56:47 PM »
yeah, me too.
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youngbuck

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Re: What sort of rates did everyone get on their private loans?
« Reply #61 on: July 12, 2005, 12:18:48 AM »
I recently got my credit scores and got a 750 or above from all three reporting agencies.  Before applying for a private loan then, I was pretty sure Access Group would offer me their best rate.  I was wrong!  They offered me LIBOR + 3.95%.  I was almost ready to accept that, thinking that maybe I wouldn't get approved for a better rate anywhere else.  I thought, "Hey, if Access Group didn't approve me for the best rate, what are my chances with other lenders?

But I applied with another lender anyway - a private bank - and got LIBOR + 2.85% (while I'm still in school), which later changes to LIBOR + 3.0% once I start repayment.

I figure I saved myself a few thousand dollars over the life of my loan.  All it took was me being willing to have one more lender pull my credit score.  Earlier, I had been reluctant to have multiple lenders check my credit cuz I heard that each time one of them did it would lower my score.  I'm glad I changed my mind.

tjking82

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Re: What sort of rates did everyone get on their private loans?
« Reply #62 on: July 12, 2005, 12:55:58 AM »
I recently got my credit scores and got a 750 or above from all three reporting agencies.  Before applying for a private loan then, I was pretty sure Access Group would offer me their best rate.  I was wrong!  They offered me LIBOR + 3.95%.  I was almost ready to accept that, thinking that maybe I wouldn't get approved for a better rate anywhere else.  I thought, "Hey, if Access Group didn't approve me for the best rate, what are my chances with other lenders?

But I applied with another lender anyway - a private bank - and got LIBOR + 2.85% (while I'm still in school), which later changes to LIBOR + 3.0% once I start repayment.

I figure I saved myself a few thousand dollars over the life of my loan.  All it took was me being willing to have one more lender pull my credit score.  Earlier, I had been reluctant to have multiple lenders check my credit cuz I heard that each time one of them did it would lower my score.  I'm glad I changed my mind.

Thanks for the double post.  >:(

youngbuck

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Re: What sort of rates did everyone get on their private loans?
« Reply #63 on: July 12, 2005, 02:25:26 PM »
I recently got my credit scores and got a 750 or above from all three reporting agencies.  Before applying for a private loan then, I was pretty sure Access Group would offer me their best rate.  I was wrong!  They offered me LIBOR + 3.95%.  I was almost ready to accept that, thinking that maybe I wouldn't get approved for a better rate anywhere else.  I thought, "Hey, if Access Group didn't approve me for the best rate, what are my chances with other lenders?

But I applied with another lender anyway - a private bank - and got LIBOR + 2.85% (while I'm still in school), which later changes to LIBOR + 3.0% once I start repayment.

I figure I saved myself a few thousand dollars over the life of my loan.  All it took was me being willing to have one more lender pull my credit score.  Earlier, I had been reluctant to have multiple lenders check my credit cuz I heard that each time one of them did it would lower my score.  I'm glad I changed my mind.

Thanks for the double post.  >:(

no problem.  ;)

Trevor

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Re: What sort of rates did everyone get on their private loans?
« Reply #64 on: July 12, 2005, 02:48:01 PM »
I got prime -0.125 from Citi.

elemnopee

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Re: What sort of rates did everyone get on their private loans?
« Reply #65 on: July 12, 2005, 02:48:55 PM »
I just got lunch.

The5thAce

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Re: What sort of rates did everyone get on their private loans?
« Reply #66 on: July 12, 2005, 02:53:53 PM »
I got (prime - 1.0%) from Citibank.
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glascow1

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Re: What sort of rates did everyone get on their private loans?
« Reply #67 on: July 13, 2005, 12:50:01 PM »
i got the best 2.55 offer from access (5.88) - its better than citi's prime offer which I think is over 6 %....although for some reason it looks as if I cant get a loan product for my school from citi...but I will check that out again today.

my credit score is over 800 but I think they give the bestrates to people who may have carried loarge balances and paid if off successfully in a short amount of time....thats my best guess because I have  only had a credit history for 9 years and my credit score only recently went up over 800  in the last few months....

yes at one point I paid off almost 20K in 2 years! so maybe that makes a difference for those who have great credit but never any large balance payment history.
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glascow1

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Re: What sort of rates did everyone get on their private loans?
« Reply #68 on: July 13, 2005, 01:02:04 PM »
apparently - my school doesnt have the citi law loan option - ?  bites!

and the only loan I can apply for is the grad loan with the lowest possible rate for my school being 6 percent!!!  access it is.
Fordham Law 2008