Student loan

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Feb 12th 2017 | 6:11 am

#16

beckiwoo

Bex in the city

Joined: Jun 2013

Posts: 3,900

From: Vancouver, BC

Re: Student loan

Quote:

Originally Posted by Novocastrian

Yes, I'm aware of that. Â£5K though.

Yes my mistake. Â£5k per year - 3 years for an undergraduate degree.

It's not as easy as you seem to think

Feb 12th 2017 | 6:29 am

#17

scrubbedexpat091

Account Closed

Joined: Jan 2006

Posts: 0

scrubbedexpat091 has a reputation beyond repute

Re: Student loan

That would be a plus.

Fastest way to bad credit in Canada are student loans.

Quote:

Originally Posted by beckiwoo

It's not seen as a commercial debt like a car loan it doesn't go against your credit score and when you apply for mortgage they only take into account your monthly payments, not the full loan.

Feb 12th 2017 | 7:07 am

#18

beckiwoo

Bex in the city

Joined: Jun 2013

Posts: 3,900

From: Vancouver, BC

Re: Student loan

Quote:

Originally Posted by Jsmth321

That would be a plus.

Fastest way to bad credit in Canada are student loans.

Yes I've heard about student loans here and they count towards your credit score.

In hindsight, I wish I hadn't got a student loan but at 18 and thinking 'Easy money at low interest rate' but that's life.

I don't agree with not paying the loan at all and/or not making any attempt to pay it - you should at least be paying the minimum amount that they want

Feb 12th 2017 | 7:16 am

#19

BEVS

Joined: Oct 2003

Posts: 38,634

Re: Student loan

The OP is in New Zealand but has posted multiple duplicate threads throughout BE , therefore I am closing this one.
anyone wanting to add to the topic can find Angeshirl on the NZ forum.

Angeshirl. All the duplicate threads have now been closed except for the one in the NZ forum. I do hope you sort your prob out soon.

Last edited by BEVS; Feb 12th 2017 at 7:27 am. Reason: add linky