Paying Rent with a Private Student Loan

teblue23
Wed, 03 Jul 2013 20:10:23 +0000

I was just wondering if any of you all here have any experience with paying rent using a private student loan. I plan to take out a private student loan with Wells Fargo in order to cover my rent expenses since I won’t be able to work full time. I understand that apartment complexes have the tenants undergo a credit check which would be impossible to do in my case since I don’t have a credit card. I understand that I can use one of my parent’s credit, but wouldn’t that mean they would be responsible for paying the rent? Basically, I just want to know if I can still use a private student loan to pay my rent even if I use my parent’s credit for the credit and employment checks. If I can’t do that, what would be the best way to go about this?

Also if any of you have any experience with using a private student loan to pay rent expenses, I would appreciate if you would share your story and the process that you went through. Thanks.

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