First, learn about the true cost and terms of these loans by doing your homework! For example, just like when you buy a home or car, obtaining a private student loan requires that the borrower and any co-signers have a good credit history including a good FICO® score. A good FICO® score is an important factor towards getting the student loan that best meets your needs.
Credit is so confusing! Where do I begin?
Find out where you stand with prospective lenders by obtaining your credit report and FICO® score from myFICO. The credit empowering features in FICO® Standard will enable you to see yourself as lenders see you and will put you in control of your credit future!
With FICO® Standard you get:
Your FICO® score from your choice of Equifax or TransUnion. You'll get a full explanation of your FICO score as well as factors causing your score to be what it is. FICO Standard also provides you with a view of how lenders see your specific FICO score when making lending decisions.
Your credit report from your choice of Equifax or TransUnion. Each credit report contains information on your credit accounts, a listing of those companies accessing your credit file and more. We'll also flag any accounts that are hurting your FICO® score.
The FICO® score simulator which analyzes your personal credit information and can help you understand the impact of any of your future actions such as paying off a credit card or opening a new account.