九州体育平台Your credit report is a record of your history as a borrower, maintained by a consumer reporting agency based on information reported by your existing and prior lenders. Other financial obligations such as liens, judgments, medical debts, and other debts may appear on a credit report as well.
When you apply for new credit, potential lenders may review your full credit report but they often make decisions based on your credit score. The weight any particular lender gives to credit scores varies by lender and is entirely determined by the lenders themselves.
Your financial habits are reflected in your credit score — an important number. Credit scores offer lenders a glimpse at your financial practices, with various factors such as your bill-paying habits, indebtedness, and how you’ve handled past financial hurdles captured in a single number.
九州体育平台Your credit score may be the key factor in many borrowing situations for financial institutions who attempt to measure your credit worthiness. It can be the difference between financing your dream car or, sadly, being told you don’t qualify for a loan. Negative credit information may reflect on your credit report for up to seven years from when a delinquency began and bankruptcy data may reflect for up to ten years.
If you ever struggle to make your student loan payments, let us know. We have options that could better fit your situation, including plans based on your income. Remember, making payments in a timely manner is essential to maintaining good credit history.