Reply
Valued Member
Josh611
Posts: 43
Registered: ‎06-27-2014
0

Inquiry for federal student loan?

Wil be taking one out in the fall and was wondering if they will pull my credit. From what I have read it doesn't look like they do. Can anyone confirm this?


Starting Score: 685 7/8/14
Current Score: 8/30/14 EQ 727 TU 713 EX 740
Goal Score: 750 or an Amex by October


Take the myFICO Fitness Challenge
Valued Member
gabbismommy01
Posts: 42
Registered: ‎03-12-2008
0

Re: Inquiry for federal student loan?

No federal loans do not do an inquiry, only if you are apping for a private student loan. HTH!

Jessica

Visitor
20somethingintherealworld
Posts: 5
Registered: ‎07-10-2014
0

Re: Inquiry for federal student loan?

Sure don't. I got... a lot... in college. :smileyindifferent:

 

But no credit pulls. They get the information on what you qualify for with your FAFSA. However, if you do a Parent Plus loan, they will pull your parents' credit. A friend of mine funded her college that way. 

1. Open Sky Secured Credit Card - $200
2. Capital One Platinum Secured Credit Card - $300
3. Amazon Store Card - $800
4. Barclaycard Rewards - $750
5. American Express Blue Cash Everyday - $2000
6. American Express Delta SkyMiles Gold - $9500
Valued Member
Josh611
Posts: 43
Registered: ‎06-27-2014
0

Re: Inquiry for federal student loan?

Cool. Thanks for the help.

 

Interested to see what it does to my score. I'm sure it will lower it at first but after a few months of making payments maybe it will go a bit higher.

 

Only taking out 6k for the fall/winter semester so will be able to keep it under control. Should be about the same for the next 2-3 years. Could pay cash now but would rather have a bit more flexibility and not feel broke.

 

 


Starting Score: 685 7/8/14
Current Score: 8/30/14 EQ 727 TU 713 EX 740
Goal Score: 750 or an Amex by October


Take the myFICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+