Most education loans backed by lending
institutions require a credit history and
will request a report from a credit bureau.
The information on your report is carefully
reviewed and may have a substantial impact
on your eligibility to receive private loans.
Although they are referred to as education
loans, lenders view them as a special type
of consumer loan and therefore, a potential
borrower must meet the established credit
criteria. Before applying for an education
loan, request a copy of your credit report
from a local credit bureau.
Should the report reveal any negative information,
contact the reporting credit bureau and
creditor(s) to see if any items in error
can be corrected.
Telephone numbers for the major credit
bureaus are:
