Michael Said:

Does bad credit effect undergradute student loans?

We Answered:

Your credit should not affect recieveing a student loan from the SLC (or SAAS if you're in Scotland) - I also have a very poor credit history (I'm terrible with money) but I recieved the full student loan in September when I went into the 1st year of my BSc degree. They use different criteria to credit agencies and if you meet the criteria you should be eligible for a student loan, regardless of your credit history. The best thing to do would be to call them and speak to an advisor for advice - but make sure you get a name!!! Because if and when you have to call back and you speak to someone different, and there are no notes written up on your file from the previous call months ago - it's enough to make anyone go mad! At least if you can say, I spoke to .... and she advised me that ... then it makes you seem more credible. Good luck!