would a credit score of 610 be a good score for educational loan?

Public Comments

1. If you're trying to get a federal student loan rather than a private student loan, then I don't believe that they take your credit score into consideration.
2. It depends on the loan. For Government backed loans they look at your financial need, and a credit score is really not taken into consideration. For Private loans they do look at your credit history and score. A 610 is not great but you still should be able to get a Student Loan. They may however require a co-signer. However, before you think about taking out a loan you need to work out a budget. Only take out what you absolutely need, not what you want. Because remember you will have to pay this back, and if you can get out of school with as little debt as possible you will be much better off.
3. To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your score<!--you'll get your credit report, an indication of how your score ranks nationally and an explanation of how you can boost your standing. http://badcredits.awardspace.com/creditscore.htm In order to improve your credit score, it's important to know where you stand currently. Despite all the media attention given to free credit reports-->you still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.
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