college loans

I thought college loans were not supposed to be held against you when purchasing a car/house. I just went in to do a lease on my new car and the guy calls me and says I have 30k in loans. This is all student loans. When will I ever have good credit then? I mean, I might as well file for bankruptcy if I cant purchase a house/car. They are asking me for a strong co-signer. My husbands credit sux. This is ridiculous.

Re: college loans

They do get held against you, but not in the same way that a large credit card debt would count against you.

My DH's loans are not consolidated, so when we applied for our mortgage, it looked like he had quite a few unpaid debts in increments of $7,000. We had the bank investigate it and write a letter to show that they were student loans. Then, everything went through okay with the mortgage.

Re: college loans

I actually download my credit report for free. If anyone needs to do it, its www.annualreport.com
Okay so, Like your husband my student loans were so not consolidated it was ridiculous. ALSO, just in case anyone has had a charge card in the past with STERNS, they are owned by macy and they decided not to close their own acct. This is important to close as it looks as if u have open credit.