Student Credit Learning to Read your Credit Report

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Student Credit: Learning to Examine your Credit Report

This information will give you a complete training on what you need to know regarding when you are learning to read your credit report. It could be very hard to understand a credit report if you have never seen one before.

To begin this discussion, you must know how to order a copy of your credit report. There are three various credit bureaus: TransUnion, Equifax, and Experian. Each of these credit bureaus will have the majority of the same information on your own credit report but some with the information can be different, depending upon what it could be. When you are ordering the credit report, you should buy a copy of your credit record from all three credit bureaus.

When ordering your own copy, this can be done in one of three ways: online, through the mail, or higher the phone. Go to the following website: From this website, you can choose how you want to order a duplicate of your credit report as listed from just before. You can also get your credit rating with your credit report however this will cost you a little bit of money. This can be very healthy if you have had credit before so you have an concept what your credit report is and under what range it falls in (great, excellent, fair, or perhaps poor).

By this stage, you should have ordered a replica of your credit report. When you start scrolling through your credit report, the beginning starts with your name, present address, and usually the place of employment. It will then list public records you may have. Public records range from collections from charge may not have paid which can include utilities or medical bills. Pursuing the public records, there will come a listing of negative factors which usually bring down your credit report. These may include the proven fact that your credit history is too short, too many revolving accounts (credit cards or lines of credit) between other factors.

The final bit of information which takes the most space on the credit report will be a detailed listing of each credit accounts. It will include how long the actual credit accounts are available along with whether the consideration is open or perhaps closed. It will also checklist whether your payments are saved to time and you will see yesteryear forty eight months and whether payments had been on time or overdue. Late payments are usually included as either thirty, sixty, or ninety days late. The credit account will also checklist the original balance when it is a loan or the highest credit limit if it is any line of credit. It will after that list what your current balance is as well as your monthly minimum repayment.

When you are reading your credit report, these are all the pieces of information you will find on your credit report. This will ensure that you will have recommended of what your economic report card looks like and whether it is good or bad.

Comments: 85

  1. Tad February 15, 2013 at 1:24 am Reply

    My Capitol One Credit card that I max out when I was 18 is in the credit bureau and I want to pay the whole thing out but when I try to go to the Bank they tell me I can’t pay it back through them and I want to know how do I get thus off my credit and how can I find out how to pay them off? Thanks in advance

  2. Ardath February 21, 2013 at 2:58 pm Reply

    I am thinking about starting home-schooling my 15 year old daughter, at the moment she attends a public high school, but if I home school her, I don’t know what work she needs to do, so what work do I need to set for her?

  3. Mavis February 24, 2013 at 12:54 pm Reply

    Can a collection agency hit your credit report before notifying you in writing? This stupid collection agency negatively hit my credit report without even sending me anything! I had to call them and have THEM send the stuff out!

    Is this right? How can they just hit your credit report without giving you the opportunity to dispute it?

  4. Alfonso March 8, 2013 at 3:54 am Reply

    I received a scholarship to pay for the program its self but the scholarship doesn’t pay for visa fees and the other things that come with doing visas and i have to take online classes to get my high school credit for going. If you know anyone who would be willing to help sponsor or have any advice on how to get a sponsor please help me.
    PS: i’m from america going to Brazil for 11 months.

  5. Tesha March 17, 2013 at 7:28 am Reply

    I know you must have:
    4 courses of English
    3 credit of Social Studies
    3 credit for Science
    3 credits of Math..
    What else? I know I’m forgetting some stuff.. haha 🙂

  6. Lanny April 11, 2013 at 1:21 am Reply

    I want a service that I can view my credit report and credit score for all major credit bureaus 3 or 4 times a year and make disputes quickly and easily as needed. I don’t want to pay an arm and a leg. I shouldn’t have to buy my own personal information in the first place.

  7. Tessie April 14, 2013 at 1:23 pm Reply

    I remember reading something on Yahoo once where a person was able to erase all there debt. They either called or wrote to each company and asked them to submit documentation showing where the individual ever signed for anything. The companies were not able to do this, so allegedly the debt was erased.

  8. Kindra April 28, 2013 at 6:20 am Reply

    My grades have dropped from A’s to non-A’s. My LA grade went from a 100% to an 84% due to a couple of papers I lost. My Math grade went down from a 94% to an 89% to an 84% for a bad project and test. My science grade when to a 92%, then 91%, and now 68% for an unknown reason. That teacher hates me for an unknown reason also. Can you guys help me? Progress reports are coming out tomorrow, so don’t hesitate to try!

  9. Clara April 28, 2013 at 7:03 am Reply

    I got all 3s and 2s, but i am an honor roll student. I tend to forget homework sometimes and a little talkative. Is there any way to get a good grade this marking period. I am willing to stop talking, but really don’t know why i have such bad grades

  10. Britt April 30, 2013 at 3:01 pm Reply

    I need a student loan that can pay out in cash for rent and misc living expenses. Which companies offer this?

  11. Tiffanie May 1, 2013 at 10:01 pm Reply

    The fact is that Georgia invades South Ossetia, why USA is biased for Gerogia?

    Taiwan ~ de facto independent state from China.

    South Ossetia – de facto independent state from Gerogia.

    White American are sons of the bitxh.

  12. Fermin May 6, 2013 at 3:14 am Reply

    I did my research and I realized that i have a good credit report standing.

    I only have 2 accounts that I am currently using.
    Out of those two, for one I do have a balance but I always pay my bills on time except for two times when i was late because, the credit card company gave me the wrong due dates
    They did remove the late fees however.
    But 7 open in total.
    5 unused
    Two of them are sallie mae for school
    and the other
    1 for victorias secret- never used it. If I do use it I pay it once the bill comes
    and the other two i dont plan on using.

    Does that mean I have a bad credit score?

  13. Jimmie June 11, 2013 at 9:40 am Reply

    I’d like to know a few things. Education in terms of 1. higher education undergraduates and postgraduates admission 2. Educational books, textbooks, and other material market 3. Peripheral products, eg notebook computers, electronic dictionaries, etc 4. Educational services – private tuition, career guidance, etc. Or could you please point me to a report I can read on the internet? Thanks

  14. Lesley June 12, 2013 at 3:05 am Reply

    Yes, I mean besides teaching/marking papers…

  15. Merrill June 23, 2013 at 6:22 am Reply

    i’ve had a shi*t run of bad luck to say the least. i don’t exactly no my credit score, but would love to know tips on how to repair besides just keeping up with current bills and such. Thanks.

  16. Kecia June 25, 2013 at 9:53 pm Reply

    Currently, my credit report doesn’t have any negative information. My credit report doesn’t show any positive on it either. How can I get positive Information on my credit report?

  17. Felipe June 25, 2013 at 10:03 pm Reply

    If a student is full time college student and is under 24 being supported by both parents. If this student earns $2700 working in a restaurant for example and had $400 of interest income. Also, had $600 of itemized deductions. How do I calculate the taxable income and net tax due?

  18. Tobias July 2, 2013 at 6:23 am Reply

    I’m starting a high school newspaper club. What can I do to start it?

  19. Debrah July 2, 2013 at 7:33 pm Reply

    I heard about the student tax credit Obama is trying to get approved. Upon doing this research I stumbled along some sites that say if your a college student you can deduct up to $4000,00 on your tax return. Am I reading this wrong? I’m a sophomore, sometimes full sometimes part time. Do i qualify for anything? My mom usually does my taxes but does not claim me.

  20. Monet July 2, 2013 at 7:33 pm Reply

    I’m a college student and have and atrocious credit score. I have hospital and credit card mishaps on it from a while ago. Who can I talk to that can counsel me (one time) on the best way to resolve the issues. How much would it cost also. Thanks.

  21. Tobias July 4, 2013 at 12:50 pm Reply

    I want to use the ideas of someone else’s sentences or phrases without plagiarizing. Is there a software that you can enter a sentence or phrase and have the words changed to read differently but still have the same meaning?

  22. Cody July 5, 2013 at 6:20 pm Reply

    There seems to be a lot of students coming on answers to ask for help in doing their homework. What I wonder, is going to happen to these students when they get in the workplace and they cannot do their jobs because all they have done in their lifetime is copy from other people. If they have access to a computer they should research and learn for themselves. Tutors are well aware of a students abilities so they must know they are cheating when all of a sudden their homework is complete and correct.

  23. Anton July 20, 2013 at 12:13 pm Reply

    I have some accounts in collections, but I am trying to get on my feet. I keep reading about writing letters to the collection agencies, does anyone have some information on what should be included in these letters? And do they actually work?
    Any information would be greatly appreciated!

  24. Alix July 29, 2013 at 9:31 pm Reply

    I heard theres a new law coming into effect that if you are born after the year 1992, you cannot get a permit until you are 18. Is this true?

  25. Antonia August 13, 2013 at 4:22 am Reply

    Is this true that Baudhayana is accredited with calculating the value of pi before pythagoras, and with discovering what is now known as the Pythagorean theorem.?

    i am shocked to read this on wikipedia. i mean …….. Bauddhayana, the great indian mathematician, had done all these things and discovered pythagoras theorem but all the credit goes to pythagoras


  26. Virginia August 19, 2013 at 11:44 pm Reply

    What can I start reading/ studying to prepare for this course?

    Description: Music 120 traces the evolution of music over the past 1500 years, with a special emphasis on understanding how to listen for greater enjoyment. Students learn the basic elements of music, such as form and structure, families and subgroups of musical instruments, as well as learning about specific composers and works. Note: This course may not be taken for credit by students who have completed Music 125 or 126. This course is designed especially for non-music majors. Music majors should enroll in Music 125 and 126. The student is required to attend five (5) classical concerts and submit concert reports. Transfer Credit: CSU, UC, USC

  27. Santo August 22, 2013 at 3:03 am Reply


    I know that one of the requirements for being able to take the CPA

    exam is to take Cost Accounting or Managerial Accounting.

    In some schools there are two Cost Accounting courses(1&2),

    and in some schools there is only one.

    Do students need to take both Cost Accounting 1&2

    (Assuming that they are both 3-credit courses) to be

    eligible to take the CPA exam, or is just taking one enough

    like Advanced Accounting?

    Have a nice day.

  28. Lorenzo August 23, 2013 at 9:54 pm Reply

    Including Biology, Chemistry and Physics.

    Thank you.

  29. Luciano October 3, 2013 at 6:44 am Reply

    Im hopeful that someone here can point me in the right direction. I have two civil suits against me and some other negative info from old credit cards that I never paid off. (from college) I am 26 now and need to remedy this situation if I ever want to have a normal life. The only good points on my credit are student loans that i have defferred. Any advice to someone like me??? I cant even get a gas card!!!! HELP!!!!

  30. Eufemia October 5, 2013 at 12:54 pm Reply

    I have 17 credit hours as a freshman. I’m studying nursing so I will be very busy. My schedule is anatomy & physiology + a lab, chemistry + a lab, english comp., psychology, & sociology. I’ll take any advice 🙂

  31. Sharolyn October 24, 2013 at 5:33 am Reply

    I got my free trans union credit report and found I have 9 fraudulent collections. Can I have them removed by myself or I need to hire a professional? I already called them and they are investigating the fraudulent collections. Is this enough to get it removed, do I need a police report?

  32. Vilma November 25, 2013 at 12:46 am Reply

    Do they automatically approve you if you’ve never had credit before?

    How much do you think a limit would be?

  33. Jeffry November 28, 2013 at 6:01 am Reply

    I have read the book and have a fair idea as to what the formula is. But I want certain suggestions as to what you guys think the formula is!
    If any of you have read the book and believe that you almost know the formula then guess what, you can mail me on and maybe we can discuss it out. (You know mastermind concept!!!)

  34. Willy December 23, 2013 at 3:36 am Reply

    I’m a 25 yr old male. Single and i roughed my credit up in the first few years of my adulthood. I’ve now learned the importance of “Good Credit”. I’m looking to buy a new car ans house in the next few months. Is there anything I can do to get my credit score up in a hurry? I’ve actually already paid off 85% of my dilenquent accounts on my own without being prodded, but for some reason my score still isnt moving :(. Can anyone help me or give me suggestions.

  35. Ronny December 23, 2013 at 3:44 am Reply

    Right now my credit report is atrocious because of a bunch of hospital bills (from one occurrence). After 7 years, will they just disappear and I will be able to start building credit again? Will I be able to get a credit card?

  36. Felisa December 23, 2013 at 3:45 am Reply

    Yesterday I pulled my credit reports from all three bureaus and discovered that on one report there was an old collection account. I called the collection agency and discovered that it was for an old credit card that I defaulted on. The origincal credit card is listed with all three bureaus as closed. I learned that the original credit card was closed 1/4/01 and that the collection agency got the account in 2004. My question is will it take seven years from the 2001 or 2004 date to “fall off” my credit report? Also, the amount is nominal (but it wasn’t in 2001 to a starving student) that I would pay it now if it would help my credit. Good move or not?

  37. Rocco December 23, 2013 at 3:54 am Reply

    I want to be home schooled but not if it affects my college choice.

  38. Johana December 23, 2013 at 3:58 am Reply

    How many classes should one expect to actually teach per semester, how time is divided between handling graduate students, sitting on various committees, grading, doing your OWN research and so on?


  39. Felipe December 31, 2013 at 7:03 pm Reply

    I have a 56 in Science and a 60 in Math we got our 5 week reports and I had to forge 5 weeks the teachers will enter the grades onto the computer I need at least a 65 to pass because I failed math last quarter and if I fail again I fail the year HELP in math were practicing for the State Exam and on the last test I got a 33. In science I took a test today on Elements
    any tips or anything

  40. Miss January 5, 2014 at 11:39 pm Reply

    This is my first year in college and I have received a scholarship for the academic year. I heard that I can be taxed for my scholarship. Is this true? Is there any way to not be taxed for my scholarship (why be punished for being a good student)?

    Also, I got an email from my school about a 1098T form. From what I’ve read, it’s relating to scholarship taxes, but I am confused as to what exactly it is.

    Any information about this is greatly appreciated!
    Part of my scholarship did go to my room and board and my meal plan.

  41. Frankie February 2, 2014 at 1:07 am Reply

    I currently have 2 credit cards both from chase. My oldest one has a limit of $4000 and my newer one has a limit of $9000. I primarily use my newer credit card for pretty much everything from bills, rent and food. I’m normally spend around $2000~3000 a month and occasionally up to 4000. Because I use my CC for all my purchases, I’m interested in raising my entire credit limit as to lower my debt-credit ratio.

    I’ve been reading around and it seems like a request for a credit line increase will usually result in a hard pull. Would it be better to open a 3rd CC or get hard pulled for a credit line increase? It’s been at least a couple years since I got a credit line increase for my old card. It normally has a balance of no more than several hundred dollars. I pay both my credit card bills in full.

    I also have a student loan of $4500 which I’m not required to start paying until 2014. Does that loan on my record increase my debt to credit ratio? Would it be better to just pay it all back in full right now or just start the repayment plan earlier?

  42. Eilene February 6, 2014 at 4:50 am Reply

    I am going to be attending the University of Connecticut and I am an in state student (I live in CT). I live far away from the university so I would need to live there, I will not be able to commute. The tuition is $8,256, University fees: $2,414, residence hall: $5,918, Meal program: $5,132. That comes out to a total of $21,720. I know that I qualify for the full Pell grant of $5500, my EFC is $0. That leaves a balance of $16,220. Let’ assume that I would need an additional $3000 per year for books and other expenses. That comes to a total of $19,220 or make it $20,000 to be safe. That would mean I need $20,000 a year for school in loans. My question is will I have to get private loans or will the government loans (Stafford, Perkins, etc.) cover them?

  43. Joe February 7, 2014 at 3:46 am Reply

    I am 24 yrs old and this will be my first time purchasing a car. No I do not and will not have a co-signer. My credit score is a 620. I have a capitol one card on my credit that has been paid off since June of 2006 and the account has been sitting ever since. I have a medical bill from 2003 that’s about a thousand dollars in collections. I have not paid it because at the time I was a dependent in college and had no job and a crappy parent. Also I haven’t had an extra cent to go towards that bill because I have been supporting myself for the past several years and that bill was the last thing on my mind. The only other thing is a student loan for 5 grand I got a couple months ago through Stafford, which I have not started paying on yet but as long as you are still attending school you don’t have to pay it yet.
    So I am wanting to purchase a Toyota Yaris. I have $6000 to put down and a steady work history.

    I am looking at three different Yaris’: 2007 with 6k miles on it for $10,998, 2007 with 42k miles on it for $8895, or a 2009 with 4k miles for 12,998.

    I was thinking about the cheapest one but I read that an auto loan must be at least $7500, any less and it will be considered a personal loan.
    Of course I prefer the newer one with less miles for 12,998.
    I just don’t know what I can get with my credit.
    What do you think?

  44. Sumiko February 16, 2014 at 1:30 pm Reply

    i have read alot of questions concerning this but my question is a little more specific, sorry if its redundant in any way. and any answers wil help since im a little confused about the whole credit score process…i have never checked my score..but there cant be anything wrong since ive never had debt accumulate by any means. ive also maintained a cel phone that i paid off when needed to for about a few years( im assuming this also helps with credit?)

    I have had credit cards for about about 8 years or so now and have always paid off credit cards in full. I have opened a few for stores because they give u that added 10-15% off sometmes, and its worth it when making large purchases such as furniture.yet i never used them again…( probably 2 max) so i went ahead and cancelled them because i have never used them since..

    Also have cancelled another that i was using as a student becaus its rewards just werent appealing to me anymore…( i did end up getting a little prize with all the points I accumulated upon closing out). not worth it at all though basically I have no cards open until recently acquiring an AMEX…besides my debit/credit card ( which i have no idea if it works to my advantage credit wise when i use it as credit card??)

    I accepted the offer from AMEX bc they offer airfare and i thought it would be worth it..but the thing is alot of places i shop dont accept it!! so i am not even able to reach that first $500 (with in the first 2 months)- 30,000 mile bonus incentive…so im thinking of closing it also bc theres no point in having it if i cant use it..but i have a feeling my credit might be getting messed up bc i keep cancelling cards bc i dont want to have so many lying around that i dont use… any ideas or suggestions??

    thanks soo much!! sory i wrote a large amount =/
    yes you are right i do not have an annual fee. and the stores i shop that don’t accept it are smaller owned clothes stores, etc. today it happened twice. i felt stupid when they sad oh we dont take american express…

    also…since the debit card has the option of using it as mastercard (which i do) does that not work for me credit wise?

    ok so i understand that i should not cancel my new amex. also, should i open up a new visa/mastercard now or wait? or does that even matter credit wise?

    also, how many credit cards do people usually have on avg?


  45. Harriette February 20, 2014 at 9:29 pm Reply

    My boyfriend and I both live with my family at the moment (we are fresh out of high school and full time students, with only part time jobs, we are saving up to get our own place, but we want to be financially secure when we decide to do so, so we think it best to wait)
    We both are trying to prepare for the future by building good credit, so when we do decide we are ready to move out, we can do so, without hassle. So I read online that applying for a walmart credit card and only using it for gas, and just paying it off on time every month would help. So, we applied for a credit card. Declined.
    We also read that a cheap contract phone plan, would give us a good history of paying for things on time. We don’t even qualify for a contract phone plan (without a hefty deposit, and having to pay for the first month’s bill up front, and that is a large sum of money to pay all at once, when you combine activation fees, taxes and surcharges).
    I honestly don’t know what could be causing ME to be turned down for all these things, yes, I have a bank account, and yes, I have had two overdraft fees in my life. But, neither were my fault. (amazon making a mistake and charging me for a service I cancelled, and my phone service provider automatically charging my card for a month’s bill, when I specifically told them not to.) And I got refunds on both and paid the overdraft fees within a week of them happening. But, could this really negatively affect my credit that much? Or is it that I have such little credit history, that I don’t qualify for the credit cards and the two year phone contracts?

    My boyfriend however, does actually have a reason for being declined. Right after he turned 18, his LOVELY, and I do mean LOVELY, parents jumped on the opportunity to put cable and internet under his name. (They already had unpaid bills from the same service provider under both their names, and their 20 year old daughters, so they just couldn’t wait for him to turn 18 so they could ruin his credit, too.) Regretfully, he agreed to let them do it, they swore that they would keep up with the bill this time, and his credit would be fine. But, of course, they lied. not even two months later they stopped paying the bill, and I don’t believe they have paid their balance due, to this very day.

    So, are there any suggestions on how to build some credit for me, and to get back my boyfriend’s good credit? Most apartments do a credit check. And all credit cards (that I know of) do as well. All the major contract phone providers do this, too. We are applying for a gas credit card, but I’m sure that will be declined as well. Any suggestions would be appreciated. Please, don’t be rude, we are new to this whole “paying our own bills thing”, we are just used to giving our parents cash, and they usually take care of the actual paying the water, electricity, phone bill process. Thank you so very much!

  46. Samatha February 20, 2014 at 10:47 pm Reply

    If a kid messes up in school, a typical first response is for the kid to spin the incident so that it seems like it is the teacher’s or someone else’s fault? I’m so sick of parents calling me and accusing me of treating their kids unfairly when they fail.
    Jennifer: It’s admirable that you work hard; however, teachers must measure your progress by your grades on tests and quizzes, not on how much you work. Some students must work very hard to get C’s; others hardly work at all and get A’s. That’s the way that life is. It’s certainly not your teacher’s fault. A note: In addition to doing school work at home, your teachers do the same housework, parenting, cooking, laundry, and bill paying that your parents do, so don’t assume they’re all in bed by 10. Most are very lucky to be in bed by midnight and they must be at school before you are.
    Sweetpea: I don’t think you understand the problem. I teach the children well. They don’t do well for various reasons such as failure to do assignments, absenteeism, refusal to come to tutoring, etc. Parents often forget to question their children about their habits, and immediately blame the teacher for their child’s lack of responsibility.
    Perhaps I should have added that I teach high school, and occasional calls to parents are necessary; however, when you teach 150 students, there’s no time to call them all each month. Also, high school students should be taking more responsibility for their work and not relying on mom and dad to get them out of grade trouble.

    By the way, I’ve taught for three decades.

  47. Hiram February 20, 2014 at 10:48 pm Reply

    my friend is a credit analyst in a bank, and she wants to expand her knowledge in this fiend .. and wants to start an internet search and then go for specific subject books related to her job ..

    under what courses does this fall under ??

    should she search for finance or accounting or banking for accountants or what ??

    and for the books, what subject do you recommend to start with ??

    we could use real help as she’s lost and i have no idea about this issue !!
    == Phoenix ==
    thanks for your quick respond .. she’s doing corporate and banking credit analyzing ..
    and we’re looking for a subject or topic to search about .. related to banking credit analysis .. for banks relations and corporate business ..
    Thanks again ..

  48. Lonnie February 21, 2014 at 2:47 am Reply

    I’m 21 and trying to get myself financially secure. I’ve got a new bank with new checking and two savings accounts. I”ve been working out a budget and plan for saving money. I’ve been reading Suze Orman’s book Women and Money and I’m trying to do her 5 month plan in the book. So far I’m doing good but in the 2nd month she suggests that I get a credit card in my own name.

    I’ve never had a credit card before and just thinking about them makes my stomach tie up in a knot. My mom is currently in a lot of credit card debt which has totally soured me on the idea. Although I’m learning to be responsible with my spending, I don’t feel comfortable with the idea of having a credit card. I know it’s a good and fast way of establishing credit but won’t you do that anyways if you pay your bills on time? Which I do by the way.

    So should I apply for a credit card or go with my gut and stay away from them?

  49. Shaneka February 21, 2014 at 5:01 am Reply

    can you get a credit card the day you turn 18? i was just wondering anyone know and does anyone know the best company to go with.and y?

  50. Lesley February 21, 2014 at 3:17 pm Reply

    Had a car reposed in 10/2002 – exactly 4 years ago. Owed $6K. the original creditor sold the account – claimed I owed $0 – but my credit has been shot – and will be for the next 3 years.

    Last month, a collection agency got a hold of this account, and is claiming that I owe them the $6K, when I know they paid next to nothing for this account. HELP! My credit has been getting much better in the last 3 years – and altogether – I owe $3500 in student loans. Learned my lesson, live within my means, have little credit cards with little balances.

    I sent a letter to the credit bureaus and told them that this is not new, but an old claim disguised as something new. Can they do this? And will my credit report keep this new information on? I really thought that this was going to fall off in 3 years – so not only have they re-aged the debt, but they must have paid $0.02 per dollar owed – which is crazy.

    Has anyone ever gone through this? what happened?

  51. Joellen February 21, 2014 at 3:17 pm Reply

    I am a junior right now and starting to think of the college process. I really want to go to a different college than my parents want me to go to so i am going to take out loans for the college i want.

    How do i start going about that now? even though my parents wont like this , they will still co-sign on things.
    Do i need to start building up credit or is there loans i can get that dont require that?


  52. Deane February 21, 2014 at 3:17 pm Reply

    1.Is student aid basically just a “blind” loan?I say blind since you won’t know which bank its or financial entity its coming from,you won’t know the interest-rate you’re getting(could be through the roof),and you can’t say “I only need X amount” because its flat(like $10000 when you just need $4000).
    2.If 1 is true,then its better to shop around for loan at many financial entities right?You’ll know who your doing business with,can specify X amount,and you’ll know the interest-rate.

    Am I wrong or missing something here?

  53. Carlotta February 21, 2014 at 5:40 pm Reply

    after a certain amount of years do write offs come off my credit report even though you didnt pay them.

  54. Denver February 21, 2014 at 5:40 pm Reply

    I’m 20 years old and don’t have a job, i live with my mom and she pays for my school. i go to a community college and i finished all my prerequisites to apply to the nursing program, and i didn’t get in (they go by lottery since it is impacted).

    see i know people who have been applying for years and still haven’t gotten in to a nursing program. i can’t be waiting around for years i have to become a nurse as soon as possible, so i’m looking into a private school, but it cost like 30,000 a year (including books and everything) for 3 years.

    how can i make this work? my mom cannot afford that and i can’t get a job because i have to focus on school.

    is there a way to get a loan and pay it back after i graduate? all info/help appreciated thanks

  55. Constance February 21, 2014 at 6:24 pm Reply

    Ok, I’m current on all my crediters (car loan, credit card, and my student loan deferrment is just about done). I have slipped up a few times due to job losses and it affected my credit score pretty bad. My car went into reposession status twice, but never has gotten repo’ed (luckily both times were around tax return time so I was able to save myself), as well as my utility bills got reported, as well as a cell phone bill. I’m doing okay now and I don’t forsee any problems in the future (cross fingers), but, how bad will this affect my future? Im planning on buying a house in a few years, and Im just worried my credit will get us denied. (I think my score is like a 520 or something 🙁 ) I’m 22, and like I said, I have a credit card (max out @ $3,000 cuz i had to fix my transmission on my car) that I went late a few times on, and my car. Also, on my credit report it said there were 6 items in good standings, and 5 that were not in good standings (although I’m current on everything) please help i’m kinda worried that I won’t have a bright future! : Thanks….no sarcasm please

  56. Anton February 22, 2014 at 2:02 am Reply

    Okay, so right now I’m 14 years old and I’m going to start 9th grade (freshman!).
    In 2 years, I want to go to Japan as a foreign exchange student (in 11th grade/ sophomore year).
    My mom ONLY wants me to go to France, since that is the language I choose to study in school. We can only learn Spanish, German, and French in our high schools :/ I had planned on going to France, and my mom REALLY wanted me to go as a foreign exchange student, I wanted to too, but I’d rather learn Japanese. Japan is entirely different from America, and it’s a difficult language that many don’t really learn, at least here in America.

    My doesn’t want me to go to Japan because,

    1. I have to have 4 years (4 credits) of taking a language. She said I won’t be able to learn Japanese at school, so I won’t get credit. (no duh, that’s why I would pay to get a language learning program, that’s what I was going to do for French, my mom agreed, so I could speak the language fluently.)

    *So, does taking the English classes in Japan count as language credit? If not, how can I still get the credit?

    2. Money. My mom is a single mom with 3 kids and we’re living on the money she gets from her Medical Disability (not that much). She doesn’t think I’ll be able to afford the program, pay for a plane ticket, etc. etc. etc. On one website, awhile back ago, I found out that you can get a scholarship and the Foreign Exchange Student company (depending on which you use) will pay for you to go. I’m not sure they’ll pay for the ticket though.

    **my mom worked for some of the biggest companies in the world and traveled around. She was a computer consultant and wrote programs, she expects the best out of me and has high standards. I think Japanese is a great language to learn but she thinks it’s going to be too hard for me. They’re people on YouTube that have vlogs about being in Japan as a foreign exchange student that can speak the language fluently and their both 16, and they also BOTH started learning the language at 14, which is how old I am now.

    Other questions;
    1. So what are ways I can make it “cheaper” or less expensive?
    2. What’s the BEST way to start learning Japanese?
    3. What will I do about high school/college credit?
    4. What will I do if I want to stay more than just 1 semester in Japan? (perhaps the whole school year?)
    5. What if I can’t speak the language fluently and write that good if I go? Will I fail the classes or will it be easy for me to learn since I’ll be in the enviorment? (everyone says you’ll learn to speak the language fluently and quite quickly from being in that enviorment)

    6. Where can I research about being a Foreign Exchange Student?

    7. What is the best service? (like the company that organizes where I go, if I go, if I get a scholarship etc. etc. etc.)

    8. Is there a website where I can read like a “diary” or video/blog, of personal experiences of being a Foreign Exchange Student? (preferably from Japan!)

    Sorry the details are SO LONG! 🙁

  57. Denver February 22, 2014 at 2:02 am Reply

    I am going to college in september and i was told i have to wait to get student loans untill i get my financial aid information. i just recieved my financial aid the other day and now i dont know what to do. how do i get student loans? is there somewhere i go? is there an application? is there one online? SOMEONE PLEASE HELP

  58. Chadwick February 22, 2014 at 5:07 am Reply

    I need help please. I as a student incurred many debts and 2 years back learnt that the accoutns were in default. I called up the banks (wells fargo, BOA and few others) only to learn that the accoutns had been closed or were referred to collection agencies. I contacted the agencies and inspite of being enticed to pay in part only I went ahead and completely paid off about 9000$ through 4 credit card accounts in 5 months. I requested them to report it as paid. Now when I go through my credit report after 2 years I see that they have mentioned the accounts as $**** written off! Is this something I can dispute. I did the best I could and paid off the amounts in whole. I don’t have the receipts as the payments were direct debit transfers but I can order bank statements if I have to. I would really appreciate some inpute from you on the credit forum.

  59. Vanesa February 22, 2014 at 5:08 am Reply

    ive recently purchased a property that due to previous tenants now has a bad credit history, i personally have a reasonable credit history, how do i go about updating this addresses credit files so i dont get refused most things because of the addresses history, i recently had a credit report sent back for myselof so i know its not me personally< is there any links?

  60. Marcia February 23, 2014 at 6:37 pm Reply

    When I finished school I moved fron Ont to BC. I set up manul payments with the bank in BC and came in one day and the account had been closed.I had missed a couple payments but When I asked why it was closed the bank said I would have to contact the original branch, they said theydidnthave any record of a student loan through them? I called the Can Gov and it had been sent to collections? 7 months later I was contacted by a collection agency and set up internet payments and have paid it off over a year ago. When I contacted the student loan people they said they did not know I had moved to another province. This was 3 years later…..I have changed my Heath card, Drivers licence payed taxes and requested a copy of the original loan application as well as a copy of the intrest relief paper I had filled out and sent in to them. This is the only blemish on my credit report. Is there anything I can do to repair it?

  61. Kam February 23, 2014 at 7:24 pm Reply

    i was just wondering what i should be looking for in my credit plan. im so confused about this kind of stuff so can you please just give me some tips. thanks

  62. Manie March 3, 2014 at 1:40 am Reply

    my husband cant seem to get credit on his own. it it because he got a loan for school? it was only a few months can his credit be improved if he needs these loans to get through school?

  63. Francesco March 9, 2014 at 7:05 pm Reply

    Ok ive had a credit card with u.s bank for a year now..Ive had 2 times now where ive sent my bill and it didn’t get to them i’m getting sick of it..I’m 19 and have payed on it since i had it but I wanna rack up like 700 dollars on it and say screw em..If I have another credit card lined up and manage it well will this be an ok decision?

  64. Jacquelyne March 9, 2014 at 7:06 pm Reply

    I have no credit at all because I don’t make large purchases, and I don’t use credit cards. What are some good ways to get a credit score without getting a credit card? I have a checking account will that help in any way?

  65. Columbus March 9, 2014 at 7:06 pm Reply

    If something is put on your credit report but you pay it off will your credit be damaged and will it be on your credit report forever? Or does it disapear when you pay it off??

  66. Esteban March 9, 2014 at 7:07 pm Reply

    how a student improves his CGPA

  67. Dell March 9, 2014 at 7:07 pm Reply

    Im in desperate need for 10 pt to get my grade up,
    My english teacher is one of those, cool and easy going teacher.

    He didn’t wanted to give me extra credit assignment than because he had to go through hassle of 150 student asking same thing.

    So he kinda said no but in a way he also said this
    ” Its your fault, your going to have to fix it on your on ” ” Be creative than just asking me ”
    he never said No to extra credit. So Im thinking of making some huge poster on something related to English, To Kill a Mocking Bird, Prejudice, or Racism [ Things learned this semester ]

    Im not sure what to do, so I wanna hear some suggestion. what would be good to do for
    extra credit. I want something exciting, Because I don’t think my english teacher is kind of guy
    who would enjoy reading some boring reports on book or essay.

  68. Myron March 9, 2014 at 7:07 pm Reply

    Here is the break down in the past I made some bad credit decisions trying to help family and I’m paying for it now but I want to fix it I’ve been saving money and finally have a good job. I want to know the fastest way to rebuild my credit and get my credit report looking good to get a loan or house. So here is what I have: $110 charge off, $247 charge off, $469 charge off, $486 charge off and $4002 student loan I just got back up to good standing and making payments. Is there a way to pay for delete and how easy is that. I don’t mind paying it but I want to know what will help my credit the fastest. Or will it be best to just take the settlement offer and bite the bullet. I’ve already started by getting a secured credit card and had that for a year. Please help
    They all show a fall off credit report on:
    $110-2017 cable
    $247-2014 cell phone
    $469-2015 credit card
    $486-2017 cell phone
    $4002-2015 student loan

  69. Lenard March 9, 2014 at 7:08 pm Reply

    I had a car repossessed in 2000. The repo fell off my credit report after seven years and I thought everything was okay. I have cleaned up my credit and I am now under contract on a house. I am having problems because the lender says this just showed back up, and they are saying I owe them for the vehicle. It is not the original creditor, it is a new one. It looks like once the seven years was up they sold the debt to another company.

    Can they do this? If they can, why is there even a seven year rule if you can just keep selling the debt…

  70. Irving March 11, 2014 at 3:10 pm Reply

    I am now 25 years old and have terrible credit due to my financial recklessness as an 18/19 year old. Within those 2 years, I opened several (small) lines of credit, overdrafted a bank account, and took out a student loan– all of which I never paid on/paid back, resulting in lots of negative credit on my credit report, and virtually no positive credit. I learned my lesson pretty fast though, and have not done anything to hurt my credit in at least 6 years. I have recently tried to open small lines of credit to help my FICA score, but have been denied because of my bad credit. I have entered a loan rehabilitation program to repay my $3,000 student loan, however I am not financially able to pay off all those old credit cards from 6 and 7 years ago.
    My question is, after 7 years, will the bad credit just disappear from my credit report, regardless of whether I repay it or not? I have no idea how it works. All I know is that I have realized I cannot get very far in life with bad credit, and I am looking forward to improving my credit rating.

  71. Donn March 14, 2014 at 11:31 pm Reply

    where can i go to check my credit report if i dont have a credit card?

  72. Phillis March 16, 2014 at 6:03 pm Reply

    i have 1 credit card with capital one and it is only a $500 limit. ive had this card since 2005 and have consistently paid on time and it is about to have a 0 balance and yet i never can seem to get a limit increase. i had trouble early on being young and in college i had about 5 credit card all with low balances around 200-400 each all maxed out but were paid off yrs ago and closed. is there any way i can get a limit increase on this capital one card or a bank that will allow me to get a card with a higher limit? i don’t really need a high limit card for purchases as i learned my lesson from my early mistakes as a 20yr college student with no knowledge on how credit really works, my main reason for wanting 1 or 2 new cards with limits in the 2,000 -5,000 range is so that i can improve my credit rating. i currently have around $35,000 in student loan debt and only a $500 capital one credit card so my score is low (569) and one reason is due to the credit to debt ratio. i do not own a house or anything like that. im now responsible 26yr old who works 2 jobs and pays bills on time every time and my credit score has gone from 330 to 569 in about 2 yrs of diligence and paying off my debts. i would appreciate advice on what i should do about my credit limit and or credit score. i am currently enrolled in the care one debt management program for a few collections accounts i have and i am enrolled in a credit monitoring site so i can see everything on my credit. i want to be able to buy a house in a few yrs so im trying to fix my credit! thanks!

  73. Hisako March 16, 2014 at 6:04 pm Reply

    Hello guys,

    First some background information: I am a current college student. I have never had a job to earn income (any money I obtain is either from financial aid through loans/scholarships or some support from parents). I had a big medical condition a couple of years ago in college in which I racked up a whole lot of medical debt, greater than $15,000, which all went to collection. I don’t have any way of paying those balances off at the moment as I am completely focused on my studies right now. I have tried to apply for student credit cards, but I get denied every time. The times that I applied I used my financial aid money as the source of income along with the extra that my parents gave me.

    I have a couple of questions regarding my credit score.

    1. How much impact do hospital bills in collection have regarding my credit score? I have read in some places that they do not impact as hard as other items, but I am not sure.

    2. How can I start to build my credit (or repair if the hospital bills damaged it) if I can’t even get approved for a student credit card?

    Any help would be much appreciated, thanks!

  74. Hollis March 16, 2014 at 6:04 pm Reply

    several years ago in my younger days i was building up credit, had 3 credit cards all before the age of 21, as well as a car loan. everything was paid on time for a good 2 years. after my childs father and i broke up I could only keep up with payments for a few more months before everything went down hill. I was a student and only working part time and my childs father was helping to pay a majority of the bills (he was the extra name on all my credit cards) he completely maxed them out and stopped paying. as well as all our utilities being under MY name for our apt, that could not get paid either. so long story short i was screwed over big time and have several accounts deliquent. not really even high amounts. Well i am finally back on my feet and now 29 and make pretty decent money but of course Lenders dont give a Poop about reasons, just that your credit sucks. I am trying so hard to find ways to build up my credit but nothing is working, i get declined for credit cards (of course) I was able to finance a car last year and have been on time every month but my credit score as managed to stay the same number since i first got the car.

    i have been making payments to my debtors but of course they dont report ANYTHING untill paid in full, so it looks as if i am doing nothing…. HOW IN THE HECK DO I BUILD CREDIT AGAIN? HELP!
    @Go with the Flow you are of no help to me what so ever, thank you for wasting my time….unfortunately for you and the rest of society everything is based on credit, buying a car, buying a home, renting an apartment. etc etc. so like i said i AM paying off my debtors, and i still would like to help increase my credit score. so that I can have a comfortable life, and rent apartments and not get turned away or buy a home eventually. i make good money, have a savings account, but i am not rich and cannot pay everything in cash. so again thank you for your kind words of wisdom….but it really was pure Ignorance.
    @Go with the Flow you are of no help to me what so ever, thank you for wasting my time….unfortunately for you and the rest of society everything is based on credit, buying a car, buying a home, renting an apartment. etc etc. so like i said i AM paying off my debtors, and i still would like to help increase my credit score. so that I can have a comfortable life, and rent apartments and not get turned away or buy a home eventually. i make good money, have a savings account, but i am not rich and cannot pay everything in cash. so again thank you for your kind words of wisdom….but it really was pure Ignorance.

    everyone thank you for your good advice, i will take all this into consideration and hope for a better future!!

  75. Horace March 16, 2014 at 6:04 pm Reply

    I had a 735 credit rating last year. Since then, I have learned a few things not to do that will effect your score. I cancelled my oldest credit account because I never went to the store that I had for anymore. It had a $300 limit and I never used it. Didn’t know closing it would drop my score or I wouldn’t have done it. Then I got an account with no interest for 12 months to buy a computer. I paid the account off already and I haven’t closed it because of the above. I did lower the credit limit in hopes that might improve my score after finding out closing it is not a good idea. I then dropped the limits on the two credit cards I have. I have about 9k in credit card debt and make about 55k a year. I have no other liens (cars etc.). No late payments or anything on any accounts open or closed. My score dropped from 730 to 640 in one year.


  76. Cyrus March 18, 2014 at 5:57 am Reply

    okay i just check my credit report and said that my score was 569 and said that i was sent to collections and i had never got any type of information about this it was about that i was at franklin square hospital and i do not rember being there at all what should i do i had a credit score of 697 what should i do i am going to call the collections people tommrrow

  77. Lance March 21, 2014 at 5:20 pm Reply

    i have a school balance from 05 in with a collection agency. I was late a few times with payments; how bad will this effect my credit score. i read on a random post that If i pay off this loan in full i can request to have it deleted from my credit report? Also how would it effect my credit once its paid in full. This is the only credit problem i have at the age of 21.

    ps. what are ways to improve credit graudually ( i will be needed school loans)…i learned first hand timely payments are key, but what about a credit card or opening a cell phone in my name, as i just use one under my gf’s account

  78. Antione March 31, 2014 at 7:23 pm Reply

    I read online that there is a difference between installment debt and revolving debt. On the article I read, credit cards were lumped into revolving credit and this kind of debt was the best for raising a score… Installment debt of course is monitored on the report, such as student loans, but it doesn’t raise the score tremendously even if you are paying it off early. Something interesting I found though, on my credit report there’s a section for revolving credit, and then CREDIT card debt… There’s a definition on my report but they seem to be the same to me! Obviously, somehow there is a difference… Can someone clarify if there is ANY difference between REVOLVING debt and CREDIT CARD debt?? Also bonus question: I am thinking about getting a secured credit card because of bad credit and I want to build good credit. Does a secured credit cards count as revolving credit?

  79. Dominick April 2, 2014 at 10:52 am Reply

    My credit is pretty crap, score just shy of 500 last I checked, and I would love to get it back to the point where I could buy a car or even house should I ever get to that point. So far the only way I have found that might improve it, that I might get approved for, are the crappy credit cards that require twice your secured credit limit in fees just to get it started and have a 30% interest rate. The rate doesn’t bother me as I don’t intend to carry a balance, but I’m not going to pay $300-$400 for a card that I don’t even really want.

    So, is there any realistic way to improve my credit? Believe it or not I’m an upstanding guy. I just went through a period where I was semi-homeless and not able to pay any of my outstanding bills, so I have some way late payments, a defaulted student loan or 2, everything paid off through collections, but apparently the damage is done. I currently have a checking account, 401k, and investment account with Ameritrade, if any of that matters.

  80. Jaqueline April 2, 2014 at 6:17 pm Reply

    Me and my husband are looking at buying a home this year my credit score is going up it will be at 750 by the time we buy a home, i just checked his and its 612! I was really shocked how low it is, so I am wondering how mortgage lenders look at something like this when one has an ok score and the other has a bad one, also we are gonna try and his score as high as we can our goal is 680, what can we do to get it there? He has no credit cards just student loans. There are charged off accounts on his credit profile what I am wondering is if it makes a difference if we pay them now or is it too late or would it not even be reflected on the report?
    Also , I have added on one of my credit cards , and that shows up on his credit report should I add him to more as an authorized user, will that help the score, also I heard I should only pay off collections and charged off accounts if they only agree to pay for delete, are we going to be able to even get a loan because of charged off accounts he was married before and he has a car repo on there as well.
    Also , I have added on one of my credit cards , and that shows up on his credit report should I add him to more as an authorized user, will that help the score, also I heard I should only pay off collections and charged off accounts if they only agree to pay for delete, are we going to be able to even get a loan because of charged off accounts he was married before and he has a car repo on there as well.
    i checked his other scores and they are 638,650

  81. Thomasena May 18, 2014 at 1:44 pm Reply

    When you go to the website and get your credit report, does it have your credit score listed somewhere? I never could locate it on my one last year. Also, do lenders look more at the score or the content of the report?

  82. Ryan June 5, 2014 at 3:44 am Reply

    Where can i get a credit report without getting screwed?

  83. Valentine June 10, 2014 at 4:52 am Reply

    i had my 3 credit cards for less then 6 months i dont charge over 40% of my credit limit and pay off my bills 100% on time would anything be one my credit report right now?

    (also someone told me that even if you charge $1 on capitalone it shows up bad on your credit report i dont think thats true but is it?)

  84. Robert June 12, 2014 at 2:07 pm Reply

    Hi Yahoo!
    I have applied for two different credit cards and was denied for both of them (BoA and Dell).
    I got a letter in the mail from BoA after I was denied saying my score was 439 which after reading online, I learned was BAD. This would be my first card from anyone. I’m a student trying to get a laptop from Dell as part of their payment plan.

    I ran a credit check on myself and I saw the problem affecting my credit:

    Before I got insurance, I went to the ER for a really bad UTI. I checked in, waited like an hour, and checked out. I didn’t even get seen in Triage or taken to the back room. NOTHING.
    So I get a letter in the mail a week later saying I owe 138$ dollars.. from the hospital.. I WASN’T EVEN SEEN!!!!! I got Medi-Cal (state insurance) a week later and they couldn’t cover the charges because I went to the ER on March 29th and they started covering me after April 1st.

    How am I supposed to fix this? I really don’t want to pay because I think it’s ridiculous.

    Any help is appreciated.


  85. Suk June 12, 2014 at 2:07 pm Reply

    A little background about me…I am 19 years old, a current college student about to finish my Associates of Science degree.

    Here’s the thing:
    Today I decided to look around online to find credit cards that would be available for college students, and younger people with little credit history. I don’t really like credit cards, but I need to build credit, and figured I could at least put my monthly gas charges on one. I applied for a Discover student card, and was declined because I don’t have a savings account (Never knew I needed one, just kept my money in the checkings). Anyways, they give you a quick spotlight at the credit score that was reported to them.

    ….IT WAS 481!

    Then I realized, my mom completely failed to submit the annual paperwork to continue my health insurance, and I had to go to the E.R at one point when I was 18, and it was under my name. I have received two or three collection agencies for amounts around $100, $40, and $600 I believe.

    Can anyone give me good tips on how I can repair my credit? I’ve been unemployed for the last 3 months, and have finally found a decently paid internship, and wanted to start building more credit. Is my credit score this low because of what is going on with the collections, or is it because I’m young and am building credit? Or both? I never really understood if you start with a 0 and work up, or what it is? Please help! I think I am pretty responsible for my age, and of course, we always get shit on, while irresponsible kids get credit cards.

    And no…my mom can’t co-sign one for me, considering she fucked up her credit..

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