do credit reports include student loans?

Question

I don't understand why student loans should be added to a student's credit report, doesn't that seem unfair, especially since students don't have a lot of credit, but will likely end up with student loans (debt) while in school. So, I wanted to know if it is fair practice for credit report agencies to report student loans as part of credit report/determination. Any input is appreciated.

Answer 1

Of course ! You owe it !



take a look there, it may help you :

http://index-go.com/improve-credit-score-get-out-of-debts-fast.asp


Good luck !







http://index-go.com/student-loans-finance.asp

Answer 2

It is a loan and you have to work the the company to work out payments and such. They know that people will often not have much money starting out and 9 times out of ten you can arange something as they would rather you pay slowly than not at all.

Bear in mind that most companies do a credit check during the hiring process. If you hit a bump and work with the loan company most employers will understand the whole student loan thing. If you wait until things get worse you won't be able to explain and the loan company will be less willing to help.

I know you disagree but it is a loan just like buying a house. They give you money and you make sure that you can pay them back. Yes the system is not perfect but thousands of people get student loans and are able to pay. To be sure that is why people who end up at wits end sometime join the military for a few years doing whatever job is compromable to their degree........ getting rid of the pesky loan thing.

Answer 3

Student loans are put on the students credit. This is because you will be paying it back. If you may the payments on time each month this will actually help your credit in the long run. It will build the credit up. Of course if you do not make the payments on time it will hurt your credit just as bad as anything else not paid on time.

Answer 4

Yes, the loans appear as installment loans on the credit report. They can actually benefit the students if the students pay on time and will help them gain credit.

Answer 5

Yes, they show up on your credit report. In addition to telling people if you pay your bills, a credit report also shows how much debt you have. However, lenders generally understand that student loans take a long time to pay off, and are not nearly as damaging as a large car payment or maxed-out credit cards.

Answer 6

it gets placed on your credit report because it was a credit given to you, and unless paid back it will end up on the credit report, student loans also give you 6 months to start to repay them after graduation, and do offer more time if requested. its like any other loan we get in life and is treated so on our reports.

Answer 7

Yes, student loans do appear on your credit report. But just like medical bills, no matter how delinquent you are, it won't be held negatively towards you.

Answer 8

because it is a debt, and show a positive account if paid on time...

gov loans dont begin payments until the student is out of school or misses a semester (or two). then they have to begin payments.



1) run a free credit report from each agency (your allowed one free one per year, per agency). you need to know, so you need to get them.
2) if ID Theft has occured, you need to make a police report first. the rest of what you need to do, is listed in the links below (with GREAT info too).
3) some states allow you to 'lock' or 'freeze' credit reports; to protect against theft. if your state allows it, lock 'em down. that way, no one can open an account on them.
4) once you discover their credit reports have activity on them, then contact each credit reporting agency (the 3 major ones) and report the ID Theft... and request they lock the reports (usually they automatically do it, but ask for it anyway).

ID THEFT HELP/ INFO
http://www.idtheftcenter.org/index.shtml
http://www.ftc.gov/bcp/edu/microsites/idtheft/
http://www.ftc.gov/bcp/conline/edcams/credit/index.html
http://www.fraudguides.com/consumer-identity-theft-children.asp
http://www.ripoffreport.com/
http://www.fightidentitytheft.com/
http://www.ncpc.org/media/current.php
https://rn.ftc.gov/pls/dod/widtpubl$.startup?Z_ORG_CODE=PU03
http://www.myidfix.com/

CREDIT REPORT INFO / REPAIRS / DISPUTES
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre21.htm
http://www.kiplinger.com/columns/starting/archive/2007/st0221.htm
http://www.bankrate.com/brm/news/cc/20040116b1.asp
https://www.annualcreditreport.com/cra/helpfaq
http://www.bankrate.com/brm/news/forms/credit-report-error-fix.asp
http://www.bankrate.com/brm/news/bankruptcy/20070313_credit_report_stains_a1.asp
http://www.bankrate.com/brm/news/forms/credit-report-error-fix.txt
http://bankrate.com/
http://www.occ.treas.gov/customer.htm

TO ORDER A FREE CREDIT REPORT
(all three are free once a year)

Equifax
P.O. Box 740241
Atlanta, GA 30374
www.equifax.com
1-800-685-1111
_______________
Experian
P.O. Box 19719
Irvine, CA 92623
www.experian.com
1-888-397-3742
_______________
TransUnion
P.O. Box 2000
Chester, PA 19022
www.transunion.com
1-800-916-8800

Answer 9

They are included in your credit report because they are real debts that you will be paying back someday. If you pay them as agreed they will actually help build your credit score. Conversely, if you pay them badly, they will harm your score just like any other debt that is not paid as agreed.

Answer 10

sorry but it shows...