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    I am applying for a postgraduate loan, and I am wondering if they do any sort of credit check? Is it possible to be denied a loan based on bad credit rating?
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    (Original post by OxfordhereIcome)
    I am applying for a postgraduate loan, and I am wondering if they do any sort of credit check? Is it possible to be denied a loan based on bad credit rating?
    No. Like undergrad Student Finance, it is not credit checked.
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    (Original post by Klix88)
    No. Like undergrad Student Finance, it is not credit checked.
    Thank you very much for your help.
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    But - if you already have debts, or a history of defaulting on loans etc, then think very carefully if you can actually manage the payments on £9,000.
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    So glad you asked this, and got such a quick response.

    My credit rating is totally trashed thanks to my disability flaring up a few years back, and my anxiety has been niggling on this thought in the background.

    The poster above is quite right that any large loan needs careful consideration, however I'd add the following thoughts to the mix:

    1. Is your future qualification worth the extra debt?
    2. After gaining the qualification, will this improve your job/income, and
    3. On achieving the pay that the student loan.co have as the minimum for starting repayments, will this put you in the financial position to comftably repay ypur debts?

    Dont let your current financial circumstances hold you back from improving your chances of gaining better employment longterm.

    Also, there's a lot of avenues available to help you better manage your debt.

    A good website to start at is stepchange.org

    Hope this helps
    Sue
 
 
 
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