The University continues to be open and transparent in its communication related to the bias incidents. Click here to learn more about the University’s Bias Incident Response Team.

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Your Credit Report

  • Think of your credit report as your financial GPA. A credit score is a numerical value assigned to you based on your credit history. Low credit scores can affect your ability to make purchases and the interest rate you pay on credit that you do obtain.
  • Your credit report contains your personal identifying information; credit account details not limited to payment history; public record information such as bankruptcy, liens, and in some states overdue child support; and names of any companies that have requested your credit report.
  • Your credit report DOES NOT contain information on your savings accounts, checking accounts, medical history, race, gender, religion, ethnicity, friends, political preferences, or criminal history.
  • Negative credit information stays on your credit report for seven years in most cases. Some bankruptcies may be longer. Inquiries stay on for six months to two years. Positive information stays on indefinitely.
  • When a potential creditor looks at your report, most consider how promptly you pay, how many credit cards you hold, the total amount of credit available to you, and how much you actually owe on your accounts.
  • If you are denied credit you may obtain a copy of your credit report for free within 60 days of the denial. Otherwise, a charge applies for copies of credit reports issued within a year of the initial copy.
  • Federal law gives U.S. citizens the right to receive a free credit report once a year. To obtain your visit www.annualcreditreport.com. You will be able to view and print one or all of your credit reports as reported by the three major credit reporting agencies:

                               Equifax: www.equifax.com
                               Transunion: www.transunion.com
                               Experian (formerly TRW): www.experian.com

It is important to establish and maintain good credit. The previously mentioned steps will help, but consider this:

  • Apartment leases and utilities may provide some credit history.
  • If your credit report contains inaccurate information, make corrections.
  • Be wary of the potential for identity theft.
  • Too much credit reduces your credit rating.
  • Bounced checks are reflected on your credit rating.
  • If you do miss payments, be sure to bring them up-to-date and keep them that way!
  • Pay off past due accounts whenever possible.
  • If there was some extenuating circumstance write a brief explanation and submit for inclusion on future credit reports.
  • Avoid applying for credit until the credit bureau removes the bad ratings from your report.

You can learn more about your credit report at CashCourse! Register for your free student account at CashCourse.org!