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Does every student loan you cosign for show up on your credit report?

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2005-09-26 14:22:40
2005-09-26 14:22:40

If the creditor chooses to report the loan, then yes, the account will show on your credit report. A co-signer is 100% liable for the balance of the loan, whether reported or not.

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A credit report includes a list of every request for your credit report in the past two years.

Every time the credit report is accessed, it is lowered slightly.

You can get a free credit report every year through annualcreditreport.com. This is a secure site where every American can get one free credit report every year for each one of the three major credit bureaus. Keeping an eye on your credit report can help reduce the damage done by identity theft by catching it early. If you check your report and see unauthorized accounts or credit inquiries popping up, you can put an immediate stop to it.

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By doing a credit report. They will give you a report and show every factor that hurts or helps your credit score. Be careful that you only sign up for a free one becuase they will charge you everytime after.

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There are many sites that allow you to view your credit report free. Many of these sites were created by credit reporting agencies. People have a right to have a free credit report every year due to the federal Fair Credit Reporting Act.

Creditors may report any time there is activity on your account, if a credit report is pulled [for a credit application] or if payments are made late. Capital One may report every month whereas a smaller department store card may not report at all. It solely depends on the creditor on how often the credit report is updated.

when you consolidate your student loans. It helps your credit score by closing the multiple loans. Your credit report will report the loans you consolidated as PAId/Consolidation. We all know paying a bill helps your credit. Now you have one large bill and as you pay on it ON TIME it will increase your credit score. Also, a rule of thumb is think of your old student loans as maxed out credit cards especially if you haven't paid on them. They don't help your credit until you pay on them on time EVERY month. We all know maxed out credit cards have a negative effect on your credit score. I consolidated my loans and I am eager to pay on them to help raise my credit score. Well, there is a second part to that first answer. If you have not yet consolidated your loans, they show up on your credit report as itemized. When you finally get them consolidated they show as one loan form one lender. This will also improve your credit score.

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Negative information remains on a credit report for 7 years in every state. There are strategies to assist in this matter.

The Fair Credit Reporting Act requires the credit bureaus to give you one free credit report for several reasons. You have found incorrect information in your credit report that has led to credit being denied. You are receiving public aid. Your credit report has fraudulent information leading to errors. Presently unemployed, you hope to get a job within 60 days upon your request for the credit report. On top of this, the law requires that for every year, the credit bureau must comply and furnish you one credit report. It is your right.


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