Does future finance affect credit score?
No. Your government student loan will absolutely not affect your credit score and there will be no recording of this type of loan on your credit report.
What is a private student loan UK?
There are personal loans for students from banks and other lenders to help you through your course of study. However, bear in mind that private student loans are actually commercial personal loans and come at higher interest rates than loans from the SLC. ... You will always have to repay a private personal loan.
What is Finance future company?
About Future Finance
Future Finance provides loans to students using big data algorithms to asses their credit-worthiness. The company aims to provide terms that are more student-friendly than an ordinary bank loan, with ten-year loan terms, no early repayment charges and payment holidays built in.
How does future finance work?
With Future Finance loans you make lower monthly repayments straight away. This helps you chip away at your debt from the start and help build your credit score. The larger monthly repayments then kick-in after you've graduated. But you can take certain 3-month repayment breaks during your loan repayment period.
Is Future Finance safe?
'For these reasons, Future Finance are considered a reliable source of funding by Higher Education institutes and partner institutions across the UK.
Is Future Finance for international students?
If you're an international student, you can apply for a loan provided that: You're resident in the UK; you're enrolled in an accredited UK university; and you're at least 18. If you're an EU/EEA citizen, our standard criteria apply when we review your application.