Quote:
Originally Posted by dookie11
The back and forth on this topic is starting to frustrate me lol. Of course, taking on debt is a bad idea. But, "financing" was invented for a reason, right?>>>It's for those of us who can't afford to pay it fully on the first day...
Now, to figure out if they'll finance to a full-time student who has a co-signer (or no co-signer). I don't really care what the percent is as long as it doesn't exceed 6% because that's what my student loans are at. Also, I have an "excellent" 756 credit score, according to creditkarma, so that should have some clout, right?
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Loans exist so that lending institutions can make money through lending money. How are they going to make money if you have no income to pay them back?