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Credit Bureau Reporting

During your enrollment at DePauw information regarding your student loan was reported to nation wide credit bureaus at the time of each disbursement. The status of the account and repayment information will continue to be reported each month until the account is paid in full.

Your student loans can be an asset to you. Systematic timely repayment of your loan establishes a good credit rating record and is an early indication that you take your financial obligations seriously. Your student loan is just as important as any other debt you will incur. Your student loan gives you an opportunity to establish yourself as a responsible individual who pays financial obligations. Your credit rating will reflect this positive activity. On the other hand failure to make timely payments can jeopardize other avenues of credit. Everyone is entitled to a free credit report once a year. To obtain your free credit report go to www.annualcreditreport.com.

What is a consumer credit report?

"A consumer credit report is a factual record of an individual's credit payment history. It is provided for a purpose permitted by law, primarily to credit grantors. Its main purpose is to help a lender quickly and objectively decide whether to grant you credit".

Below are credit bureau organizations and credit resources:

Credit Bureau Organizations

CSC Credit Services www.equifax.com
Experian Credit Services www.experian.com
Trans Union www.transunion.com

Financial Resources

Free Annual Credit Report www.annualcreditreport.com
Information on Credit Scores www.fico.com
National Foundation for Credit Counseling www.nfcc.org
Financial Literacy www.mymoney.gov
Federal Trade Commission www.ftc.gov
Federal Reserve Board www.federalreserve.gov
Consumer Protection Website www.nextadvisor.com
Credit Card Comparisons www.comparecards.com
Credit Card Scam Alerts www.scamwatch.gov.au
Bank Rate www.bankrate.com