If you are a young undergraduate attending college this means your credit history couldn't be as bad as someone with more age and more time inside the scope of the three mayor credit bureaus; TransUnion, Equifax, and Experian. However if that's not your case and you are an adult returning to college for further studies and you say you have bad credit, chances are it really is.

Why do I say that? You may think it's dumb to say what I said above, but as an experienced financial advisor I have seen many cases in which young student allege they have bad credit without really knowing what bad credit is. Getting college loans with bad credit history is tricky. Why? Because the borrower doesn't have to begin paying off his debts until he is graduated plus the grace period. This represents a lot of risk to the loan institutions.

Bad credit history isn't something you wish to have when applying for loans, especially if you're getting college loans with bad credit history. Imagine having to break your hinie off as soon as you get out of college. Not a pretty site that I may say. There's going to be a moment in which you're just going to have to come up for air and miss a payment. That means no more bad credit you'll have... worse credit.

Because of this I usually recommend people to take it easy with the loans and make sure to have a good financial plan and stick to it so that you don't affect your credit score during the best years of your life.

And if your credit is poor already, then I would recommend you to refinance your debts and make way for a better credit score. It isn't as hard as most people depict it. Think about it like this.

What could possibly be harder?

A one or two year old child learning to walk with no previous knowledge whatsoever of the world, or getting to fix your bad credit enough as to the point where it isn't considered bad anymore. And I'm not asking to raise it by 400 points! It's simple; you just need to start taking action.