So, my school's GradPlus offer comes with a 4% Origination fee. That's highway robbery, IMO. Anyone know of anyone offering GradPlus with Origination fees of less than 3%?
Have you pulled your credit report? A high revolving balance isn't a criterion for denial... there may be something wrong you should investigate.When you're denied credit, you can get a free full credit report from the credit bureau which provided the information to your lender.
When do we need to start applying for these loans? I am going to school in the fall and want to clear things upI have about 1300 dollars in cc debt which I am paying off with a decent job I got for the summer making about 3000 dollars. I am going to aggressively and quickly pay it off and try to get rapid rescoring to improve my credit score. I had a stupid medical bill that went to collections while I was abroad in France which brought down my score to a 580 from a 670. I am hoping to get my score back up to around 670 or higher like it was before. The collections debt payoff should alone jump the score up 40, 50 points. Why does it have to take so damn long to process? Applying for the loans sounds nervewracking and makes me nervous about it. Is applying in mid July too late? I doubt I will have my ccs paid off in full til the first of July and my credit report would not reflect it likely without rapid rescoring. The rest of my summer money is going to pay rapid rescoring fees and work with lenders to get approved. I'm sure I'll do it but when do I need to initiate the process?