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LOANS » Current Rates, News & Information

Wells Fargo to Offer Fixed-Rate Student Loans

Why More Student Loan Borrowers Are Finding Themselves in Court

Sallie Mae Drops Rates on Private Student Loans

Banks Lending More Today Since 1994

College to Require Repayment Plan to Qualify for Student Loans

Loans

What are No Credit Check Personal Loans?

Study: Earning a Degree Increases Chances of Repaying Student Loans

JPMorgan Chase Reinstates Military Student Loan Deferments after Media Gets Involved

25 Percent of For-Profit College Students Default on Loans

Fed Survey Says Obtaining Loans and Credit Is Getting Easier

Loans

Whether you are applying for a student loan, a mortgage, or an auto loan, it pays to shop around for the best interest rates available to you. Before you sign on the dotted line with your bank, check with the local credit union, your auto dealership, or even the federal government. If you are a first-time home buyer or meet certain income qualifications for student loans, you may be surprised to find that there is a federal loan program offering low interest rates to borrowers exactly like you.

You should also check your credit report, which is one of the main tools lenders use to compare you to other borrowers. In 2005, the federal Fair Credit Reporting Act (FCRA) mandated that consumers were entitled to one free credit report a year from the three credit bureaus. If you want to qualify for the best interest rates on a loan, it pays to get your free credit report and make sure you have the highest credit score possible.

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