Anyone receive a private loan post BK ?

[bee bee]

I took the plunges 3 years ago this july. It was a 7 and I did it will completing undergrad degree. Well, fastforward to 2006 I am beginning classes next week for a graduate certificate. I am planning to consolidate my previous loans starting on Monday.

 

My credit file shows no deliquency post BK. I have not pulled my FICOS since January but I anticipate they are probably an average of 20 points higher since I have had several balances paid down; I likely am less than 3% utilization and that is overstating it. I am in the process of refinancing my auto loan to a lower rate, down from 17%+ to 7.25%.

 

Would I look favorable in anyone's eyes for a private loan. I need to update my hardware/software as I will be in an online only format.

 

Any suggestions?

[birgitte]

The only bank that would give me a private student loan post-bankruptcy was ASTRIVE. (Filed 4/2004, discharged 7/2004, applied 7/2006 for private loan for last year of grad school.) I applied to Citibank and Key Bank and was TOTALLY turned down. Even though I had student loans with them in the past.

 

ASTRIVE pulled my CR from TU which I wish I had known at the time. (TU reports the lowest FICO for me among the three because there are mistakes on my TU report that I am trying to correct.)

 

ASTRIVE required a co-signer and the rate was higher than other private loans I received. (Maybe I wouldn't have needed a co-signer if FICO was higher? Not sure how that works.)

 

I was worried they weren't legit, but searching CB for ASTRIVE I came up this from a recent (1/2006) thread which said that TERI was a legit lender. I'm guessing ASTRIVE is for student loans to those with lower FICOs.

 

About Astrive

Astrive student loans are funded by Charter One Bank, N.A., and guaranteed by The Education Resources Institute, Inc. (TERI), the nation's largest non-profit guarantor of private student loans.

 

TERI helps families plan and pay for college and fill financial aid gaps. Since its founding in 1985, TERI has assisted over one million students. For more information, visit teri.org.

 

Charter One Financial, Inc. was acquired by Citizens Financial Group, Inc. on August 31, 2004. Charter One Financial, Inc. was the publicly traded parent company of Charter One Bank, N.A. At the time of the acquisition, Charter One Bank became part of Citizens Financial Group, Inc., and Charter One Financial, Inc. ceased to exist. Charter One Bank, N.A. will remain an operating entity of Citizens Financial Group, Inc.

[bee bee]

Thank you so much for the link. I will definitely try them; I hope they do pull TU as that is my best report. I really need to obtain this loan without a co-signer. I do not have anyone I could use.