ecrcg
New Poster
Cash: $ 0.50
Posts: 2
Joined: 05 Apr 2007
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| Parent Loan DENIED? |
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I want and plan to help my kids pay for college and the expenses that come with it.....I expect them to take out some loans, but I also want to take out the PLUS loans. My question is, what if I get denied? I don't have negative credit items necessarily, but we do have a lot of outstanding debt (mortgages, car loans, etc.) Any advice?
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Sun Apr 15, 2007 11:49 pm |
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dstern
Contributing Member
Cash: $ 6.60
Posts: 33
Joined: 18 Aug 2007
Location: UK
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It depends on when you intend to take out the loan, debt to income ratio and your credit rating. if you don't need the loan in the next year or so; work on paying down your other debts perhaps pay off some of them. this would increase your chances of getting the loan.
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Sat Sep 08, 2007 8:15 pm |
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