T.H.E. Premier Rate

[Law2k6]

Does anyone know what credit score you need to get the T.H.E. Premier Rate on private loans?

[potato]

I've got the same question--anyone know? Even roughly?

[Mr. Burnz]

I ordered my credit reports from the 3 major bureaus but not my FICO score...where can I get the score part for free?

I applied for THE and got the premier rate, so once I find my score I'll let you know!  Last time I checked though, it was around 720 (about a year ago--probably went up since then).

[potato]

I think you have to pay to get the actual credit score, and it's about $15/agency. but if someone finds out otherwise, please let us know.  They might have a trial (one month free) for a subscription service.  THE does tell you what bureau they will most likely use based on your location. 

[piggythegreat]

When I called them and asked last week, they said credit scores over 750 get the premier rate.

[Mr. Burnz]

http://www.myfico.com/

I was looking around and found myfico.com's "Score Watch" service.  They have a 30-day free trial--after that, but MAKE SURE YOU CANCEL cause it looks like they will bill you for a whole year in advance, not just the 7.95 a month price!!!!!  They say they'll send you an email when you have a week left, but who knows if that's true.  This service will ONLY give you your EQUIFAX score/credit report though and not the other 2 credit bureaus.

BTW, my credit score is 788(!)--I bet it was even lower before I applied for 5 private loans!  Fortunately, I learned from my older brother's mistake of not having a credit history when he went to apply for loans.  So I got my first credit card when I was 17, charged less than $100/month to it the last 5 years (I'm 22 now), and here I am.  What a good brother...lucky me for having him--cant wait to tell him! lol

[check01]

http://www.myfico.com/

They say they'll send you an email when you have a week left, but who knows if that's true.

They do, and cancelling is quite easy. This 30-day trial is the way to go.  If you get your free annual credit report from each agency and all of the information is substantially similar on each report, your scores should all fall within about a 10 point range.

If the scoring for student loans is anything like mortgages, they will take the middle of three scores, unless one score is way different from the other two, in which case they'll average the two that are close.

[Evo]

pardon my ignorance.  what exactly is the Premiere Rate?

[Mr. Burnz]

T.H.E. is one of the student lenders to choose from...their premier rate is the best rate they give out for private loans (3-month LIBOR + 1.75%).

Read more at:
http://www.theloanprogram.com