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CREDIT QUESTIONS
StarLoanServices.com has received a
tremendous amount of emails with questions
about qualifications and approvals for the
various loans and credit types we offer. We
have outlined answers to some of the more
frequently asked questions we receive. If
you have any questions, please
contact us.
How do I open up a credit card account?
We suggest that you
choose a credit card that is right for your
needs. Then examine the various
available
credit card offers to see if you meet
approval requirements. Students should
review the
student credit cards. Several of
the student cards featured are designed for
people with applying for a credit card for
the first time. We suggest checking out the
Discover Tropical Student and the
Discover Student Classic. These two
cards are the best no credit student card
offers.
If you are not a student, and are looking to
apply for a credit card with no credit, you
may want to consider applying for either the
Orchard Bank 2% Cash Back MasterCard,
Tribute Visa or the
Imagine Unsecured Gold Card. All of
these cards offer flexible approval terms
for people with no credit and bad credit.
Is it possible to buy a vehicle with no
credit?
Star Loan Services offers affordable
auto loans for people with no credit. We
have a lending network that allows us to
offer the
lowest auto loan rates possible. Our
auto financing programs will help you
build your credit.
How do I eliminate debt?
We offer a variety of solutions for
people looking for debt relief. We feature
low rate
unsecured loans, a
free debt consolidation program and a
variety of
mortgage products designed for
eliminating debt, i.e.
debt consolidation equity loans and
refinancing. We also offer an abundance
of
information related to debt and
managing money.
What happens if I can no longer pay my
loan?
If you become a victim of a
financial emergency,
contact us immediately. We will work
with you by either offering you a temporary
hold for your loan, meaning you can skip a
payment, or we will restructure your loan so
that payments are more affordable. Depending
on your situation, you may be able to cancel
your loan.
I am new to the country, how do I
establish my credit?
The first thing you will need to do is
obtain a Social Security number, otherwise
known as a nine-digit taxpayer
identification number. A SSN can be
requested from the Social Security
Administration as long as you are a lawful
immigrant. Once you have your SSN, there a
number of things you can do to
establish
credit. The most popular step to take would
be to
apply for a credit card. After using
your credit card and making timely payments
for at least six months, you will have
developed a positive credit score. After
about a year, you will be eligible to
apply for a car loan or a
first time buyer home purchase loan.
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