a few quick questions…
1) is there any place where one can get a truly FREE credit report? as in, you’re not asked to sign up for a trial subscription to some magazine or organization?
2) is it true that one blemish on your credit can result in the denial of student loans?
Experian and Equifax are two of the companies. Some states (I forget which, but Georgia and Maryland are two of them) require credit reporting companies to provide you with one free credit report per year. The easiest way to get them is to call the 1-800 number. You will be asked some questions to verify your identity, such as past addresses and phone numbers. Most of the time you get a machine and just punch in your information or talk to a recording.
Hope this helps,
Tara
Quote:
a few quick questions…
1) is there any place where one can get a truly FREE credit report? as in, you’re not asked to sign up for a trial subscription to some magazine or organization?
2) is it true that one blemish on your credit can result in the denial of student loans?
Federal student loans and grants are not based on credit. They don’t even look. They will only deny you student loans if you have comitted a felony connected with drugs, are a male that did not register for selective service, or have defaulted on federal student loans previously.
Quote:
a few quick questions…
1) is there any place where one can get a truly FREE credit report? as in, you’re not asked to sign up for a trial subscription to some magazine or organization?
2) is it true that one blemish on your credit can result in the denial of student loans?
The 3rd company is TransUnion.
Only private student loans are based on credit. And whether one blemish would prevent you from getting one of those depends on the type of blemish and how long ago it was. Some of the private loan companies just require 2 years of decent credit (no late payments, no charge-offs, etc), others need longer. But even if you do have a blemish inside the time frame they look at you will usually be approved with a credit-worthy co-borrower (and it doesn’t have to be a parent, or even relative). Once you start making payments and get thru on average 2 years worth of payments you can get the co-borrower removed so their credit isn’t suffering anymore.
Good luck!
–Jessica, UCCS