Low credit score but can pay 6-7 months cash upfront and verify high income....

[Ron.]

Folks,

I'm just going by what he's telling me. I said I would ask the question.........let's not turn this into a thread about his student loans. I DO NOT KNOW WHAT'S ON HIS CREDIT REPORT!

Do not give me advice about the loans, that's not what I am asking.



Thanks.

We're just trying to figure out a workable situation form him.

[ogplife]

Originally Posted by Ron.

Yes, you're wrong.

According to others on this thread and my own personal experience, yes I am right.

[moving_time]

Student loans don't affect your credit score, if you pay them. I have over $50k in loans, and an income of a little below $100k, and a credit score somewhere around 700. It was lowered due to a late payment on a credit card, nothing to do with the loans. I pay them on time every month and they have no effect.

This is actually relevant, because the building owner will look at your friends credit report and see what the problem is. Is it very late payments or defaults? Bankruptcy? That would look much worse than if it's just that he's young and has little credit history. Yes, the length of time one has had credit makes a difference. If his "student loans" are actually credit cards (i.e. he paid his tuition on a credit card), then that would affect him b/c high credit card balances in relation to total available credit is a factor.

Basically, a big management company may have a hard and fast credit score rule but I'd think a smaller or individual would look at the reasons for the low score. So what those reasons are matters.