Expert: Finance Guy - 1/5/2009

Question
I am 19 and my fiance is 20, neither of us have a credit score and we would like to begin planning our wedding and perhaps obtain a loan to pay for it all. My fiance is planning on going to med school will this have an effect of our loan or the loan he may have to get to go to med school? And how are we supposed to obtain a credit score and loan? Or is a loan not a feasible option?

Answer
Medical school is actually a good thing, banks loan to med students based on potential earnings after completion of school.

However, that won't be taken into account yet, as he is not even in med school.

How to build a credit rating?

http://letmegooglethatforyou.com/?q=How+to+build+a+credit+rating

A loan is possible, you will need to talk to your bank (or your parents or parents in law's bank).

Other ideas, Pell grants or loans, individual school programs, work/study programs, etc.

Good luck to you.