Does anyone know of someone who had a “low” credit score (below 675 ?) and got approved for a private loan for medical school? It will be another 1-2 years before I apply for such a loan, but my credit score may not be that high by then. Fortunately, the derogatory items on my credit report are 3-4 years old, and have been paid in full, have zero balances, but it still is bringing down my FICO score. Are there lenders who will give you a second look since your balances are all zero? I don’t have a cosigner, so I hope there’s a way! There was a thread here recently where Mary Renard wrote:
“The difference between M.D./D.O. studies and other post-undergrad work is the risk to the lender. Doctors have historically low default rates - they’re eminently employable and easy to find - and so lenders, whether private or government, are much more willing to take risks on someone who’s in those programs”
Mary, (or anyone else) who are some of these lenders? Thanks!!