AdvantagesThe advantages of a credit report, like Equifax free credit report, extend beyond just receiving credit credentials to buy a house, insure something, or gain employment.
>>>You are entitled to receive a free credit report from the national credit bureaus once a year.Check if The Credit Report is AccurateGo through the credit report carefully to check for any instances of identity theft.
>>>If your request for a free credit report is denied, contact the credit reporting agency (CRA). Often times, they require a missing information from you or rectification for an incorrect one on your application to provide you with a free credit report.
>>>Your credit report provides a snapshot of your credit history and your overall financial health. Credit reports help lenders decide whether or not to lend you money or extend your line of credit and what interest rate they will charge you.
>>>Benefits of federal loan: Loans are offered irrespective of the credit history. As most students have no credit history, this is a boon. Approval is automatic if the student meets the program requirements.
>>>Likelihood of loan repayment: The underwriter in charge looks into your credit score history and your payment history and arrive at your likelihood of payments in the future. It always pays to have a good credit score.
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