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Credit reports for college students.
Two of the major credit reporting agencies are:
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Equifax
1-800-685-1111 :
get a
free report if you have been
denied credit within the
past 60 days.
-
TransUnion -
1-800-916-8800 : free credit
report mailed to you within
6 to 8 business days.
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Understanding Your Credit REPORT
The "Fair Credit Reporting Act" controls how your credit
history is kept, used and shared among lenders and
creditors in the USA. It is designed to ensure accuracy
as well as the privacy of the information used in the
three major credit reports. The three following major
Credit Reporting Agencies have credit files on millions
of consumers nationwide:
Credit Reports – more info
Anyone who takes adverse action against you in response
to a report supplied by a Credit Reporting Agency – such
as denying your application for credit, insurance, or
employment – must give you the name, address, and
telephone number of the Credit Reporting Agency that
provided the report.
Get a FREE copy of your credit report and score with your FREE 30-day Experian Triple Advantage trial. You'll also get credit alerts from all national bureaus, info on disputing items on your report, and more.
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- You have a right to know what is in your credit report,
including medical information and, usually, the sources
of the information. Make sure your report is accurate.
- Get your report for free if a company takes adverse
action against you based on the report and you request
your report within 60 days of receiving the notice of
the action.
- Request one free report a year if you can prove that you
are unemployed and plan to look for a job within 60
days, if you are on welfare, or if your report is
inaccurate because of fraud. Otherwise a Credit
Reporting Agency may charge up to $8.50 for a copy of
your report.
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If you find inaccurate or incomplete information in your
report:
- Contact both the Credit Reporting Agency and the company
that provided the information to the Credit Reporting
Agency.
- Tell the Credit Reporting Agency in writing what
information you believe is inaccurate. The information
provider must investigate and report the results to the
Credit Reporting Agency. If the information is
incorrect, it must notify all nationwide Credit
Reporting Agencies to also correct your file. If the
reinvestigation does not solve your dispute with the
company, ask that your statement regarding the dispute
be included in your file. A notice of your dispute claim must
be included anytime the Credit Reporting Agency reports
the respective item.
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Credit Report Access
Other than yourself, only people with a legitimate
business need can get a copy of your report. An employer
or a prospective employer can only get your credit
report if you give written consent. Student Credit Card
Creditors, employers, or insurers cannot get a report
that includes medical information without your prior
approval.
Duration of Negative Credit Information
A Credit Reporting Agency can report negative
information for seven to ten years, and bankruptcy
information for ten years. Information about a lawsuit
or an unpaid judgment against you can be reported for
seven years or until the statute of limitations runs
out, whichever period of time is longer.
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