Money Tips: Visa Rewards Credit Card (cont’d.)

Posted On: March 1, 2006

Guest: thejoshua
Post subject: Visa Rewards Credit Card
Posted: Fri Oct 07, 2005 4:03 pm

You would think so, but I’ve been having a ***** of a time. It doesn’t make things better considering school is $15K and I would like to get a little for living expenses. NObody wants to give some kid a $15k loan.

Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Fri Oct 07, 2005 4:13 pm

Are you starting grad, or undergrad this year? What year? That will determine what is the maximum they will give you. I take it the 15 grand is after the Pell grant has been applied (assuming you are going to a public school in your state?) Need more info, I think things should be a little easier for you, but I could be wrong.

Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Fri Oct 07, 2005 5:30 pm

If you have a credit history and can get a credit card or 2? why waste your time with a 5k loan? that you will just have to pay interest on? Be patient and build your credit over time by paying on time and being responsible.

Guest: creditnewbie
Credit Expert (100+ Posts)
Posted: Fri Oct 07, 2005 5:50 pm

I have several deposit accounts with BoA and also a Visa platinum. I started with a secured card and after it became unsecured, they gave me everything I wanted. Any limit–soft inqueries– and even lowered my APR to 8.9% fixed. I wasn’t sure whether they always gave me what I wanted because I have a lot of money in my accounts or because my score was high. I took my friend to my branch a few months ago to open an account for him. he didn’t deposit much, but the was recognized by a loan officer, who was his patient, he greeted him in front of the guy who was opening the accounts for him. 1 week later, they sent him a platinum visa that he didn’t apply for with $8000 limit. I guess the bank was courting him because they saw the potential big deposits that they might take from a rival bank–Citi Bank. Anyway, I haven’t figured bank of america yet. They are good at hiding their motives when I call the 800#, I get through in less than 1 min. Often times, 20 secs. I called on my friend’s behalf once and it took them like 10 mins to take his call. Another observation with Citi bank. I used to get reps from India almost everytime I called, then recently, all the reps were americans or at least sounded like it. I got through even faster than BoA. I don’t know if that’s because I have a high score or because I charged a lot of money and made large payments. Or because I recently applied for the AAdvantage Platinum card, or maybe somehow they found out how much money I had with BoA since they had my account numbers. Whatever their means are, they sure worked for me

Guest: thejoshua
Posted: Fri Oct 07, 2005 6:04 pm

This will be one year of technical school, I’m also not eligible for pell grants. I’m 22 which is considered dependant, even so with my salary I wouldn’t get it even if I was independant. I wont be working a fll time job in school obviously, school is 30 hrs per week. The system is screwed unfortunately.

Guest: sykai
Posted: Tue Mar 28, 2006 1:48 am

I am in need of a co-signer badly,….
for my private student loan… they’re only giving me $11,000..
_________________
Wake me up when March is over

Money Tips: Visa Rewards Credit Card (cont’d.)

Posted On:

Guest: JaneiR36
Credit Expert (100+ Posts)
Post subject: Visa Rewards Credit Card
Posted: Fri Oct 07, 2005 3:31 pm

Can someone explain to me this talk about needing credit for student loans? When I was in college, all I did was say the word and it was mine for the asking. I needed two cosigners regardless and that was it. Maybe there’s something I’m missing? All I took out were Federal stafford loans, by the way.

Guest: thejoshua
Posted: Fri Oct 07, 2005 3:38 pm

Maybe I don’t have anybody to cosign for me? I’m 22 and my parents stopped wiping my bum for me a long time ago

Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Fri Oct 07, 2005 3:45 pm

dude… the cosigners can’t even be relatives… seriously. Find somebody. Unless you’re going to grad school, this will be a requirement…

Guest: thejoshua
Posted: Fri Oct 07, 2005 3:48 pm

Cosigners can be relatives, when I talked about getting my loans they told me to have my parents sign. Also I would never ask a friend to cosign, so it’s up to me.

Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Fri Oct 07, 2005 3:57 pm

sorry, it wasn’t a cosigner, it was a reference. You need two. They may not have the same address. The first should be a parent, and the second could be anyone else. (Possibly also a parent, if they don’t share an address!) Still, I don’t get it. While you’re a full time student in college, student loans are yours for the asking, up to your yearly maximum. And when you’ve maxed out a certain kind of loan, you move on to the next one. Last I heard, the Federal government wants you educated and employed!!