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I don't think it's the right section of the forum, but I don't know where else to ask this. I have to take out a student loan. I recently got rid of a bad entry on my credit report. I checked my Fico score today and it's 750 with Transunion and 718 with Equifax.
myfico.com says that (depending on the type of loan) I should qualify for the best or second best interest rate.
Can I rely on this estimate? I found some student loans for as low as 4.16%. I guess if I got it for about 5% it wouldn't be a bad deal.
Any input?
750 is a decent score and you should be able to get a good loan with low interest. But, just so that you know, there are student loans available through a federal government program no matter what your score might be. You could try out the Free Application for Federal Student Aid. You could visit "www.fafsa.ed.gov" and register.
Thanks. There are so many factors that lower my score that actually do not reflect my payment history... 4 instead of 3 accounts carrying a balance etc.
Does experian not have a FICO score? I was only able to get it from Transunion and Equifax.