credit report

[fturedoctor]

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BTW for those of you who are unaware, your credit report rating is considered to be a factor in admission. this is fairly new.

 

[flyingillini]

That sucks, I guess I can't go binge spending on my student Visa anymore 🙁

 

[QHamp]

I found a website that supposedly helps you improve your credit. You can also view your credit record through them without lowering your credit rating. I haven't used their service, by my father has, and said it really works. He was able to get rid of some outdated "scars" on his report. the website is http://www.wealthlink.com/fatherof7

 

[conure]

Originally posted by QHamp
I found a website that supposedly helps you improve your credit. You can also view your credit record through them without lowering your credit rating. I haven't used their service, by my father has, and said it really works. [/url]

Simply viewing your credit report does not lower your credit score in any way. You have a right to look at any report concerning your credit. In fact many states have laws that allow you to obtain a copy of your credit report, once a year, for FREE. If your state doesn't then you pay around 25 bucks.

You can easily order a copy of the report from any of the three credit reporting agencies. Experian, Equifax, and Trans Union.

Be careful of companies claiming to fix your credit, in many cases you can do the same thing by contacting your creditors and working with them. Depending on your debt they may work set up plans for you to pay off. Don't ignor your debt! It won't go away and willl haunt you for the rest of your life.

 

[maestro]

Hi fturedoctor,
I was wondering if you could provide a link to the article where it says one's credit rating is now factored in as part of the admissions process. In the past I've heard that a handful of schools looked at one's credit rating, but hearing that ALL medical schools now do this is news to me.

Thanks.

maestro

 

[CRAZYTERP]

First off, how does a school go about getting someone's credit report without their knowledge. I would think a school would have to ask us for it during the application process. Second, I don't think the credit report has as much to do with admittance as much as it does with how much aid is given, but i really don't know much so...

-ct

 

[wolferman]

Originally posted by maestro
Hi fturedoctor,
I was wondering if you could provide a link to the article where it says one's credit rating is now factored in as part of the admissions process. In the past I've heard that a handful of schools looked at one's credit rating, but hearing that ALL medical schools now do this is news to me.

Thanks.

maestro

I went to a presentation where a representative of the AAMC was speaking on financial planning with regards to medical school and he told us that after accepting you, the schools may force you to clean up your credit before matriculating. They do this by forcing you to defer until you're no longer a credit risk (the scary part is I don't think they have to offer deferral as an option, i.e. they could just tell you buh-bye). After all, they don't want you going bankrupt in medical school or worrying about cash more than your exams. Seems reasonable to me.

 

[deleted4401]

Doubt that the original poster is correct for all schools ...

In any event, the Stafford Loans are NOT credit dependent, but MEDLOANS and any other supplemental loans are. So, if you need the entire amount (if going out of state/private med school), and you are banking on MEDLOANS to cover the gap, make sure you have a near perfect credit history.

I learned the hard way, and now the gap is covered by a very pissed off lender, my father.

Simul

 

[Resident Alien]

Dont fall for this bullsh-t. Your credit has nothing to do with admission. Use your head on this one.

 

[klp14]

Yeah, it doesn't make sense that credit rating has anything to do with acceptance. Maybe for fin aid or getting loans later, but it has no bearing on how good a doctor you'd be.

 

[Random Access]

Originally posted by CRAZYTERP
First off, how does a school go about getting someone's credit report without their knowledge. I would think a school would have to ask us for it during the application process. Second, I don't think the credit report has as much to do with admittance as much as it does with how much aid is given, but i really don't know much so...

-ct

You generally have to have a damn good reason to grab someone's credit report (banks, telcos, cellcos, landlords). I would count on financial aid checking it. And obviously loancos.

And yes, a lot of states allow you free credit reports on a yearly basis. For those that don't it can be $8 or so a report, so around $25 for all three bureaus as someone mentioned. I think some states regulate it to less than $8, not sure.

 

[aquaboy]

Where can one purchase a credit report? I've seen the deals online but they always try to get you tosign up for the credit monitoring B.S. which isn't free.🙁

 

[CaNEM]

Originally posted by fturedoctor
BTW for those of you who are unaware, your credit report rating is considered to be a factor in admission. this is fairly new.

Yup, you're right on this one, absolutely. and BTW for those of you who are unaware, your shoe size, car insurance provider, and preference for lima beans are also important factors in admission. This is fairly new.

 

[wallie]

you can get your credit report directly from the credit bureaus. here's a link w/ phone numbers, scroll down past the article. it is supposed to be free to residents of Colorado, Georgia, Massachusetts, Maryland, New Jersey, Vermont. up to $9 for other states. which seems pretty crappy to me, why should you have to pay for information about yourself??

http://www.bankrate.com/brm/news/cc/20010223c.asp

 

[DW]

Originally posted by aquaboy
Where can one purchase a credit report? I've seen the deals online but they always try to get you tosign up for the credit monitoring B.S. which isn't free.🙁

I'd advise getting a "free" credit report. just pay the 8 bucks to experian, it will make life easier. the way those "free credit report" services often make their dough is by selling your contact info to companies to telemarket you until you go insane or other lame loopholes.

 

[klp14]

Originally posted by CaNEM
Yup, you're right on this one, absolutely. and BTW for those of you who are unaware, your shoe size, car insurance provider, and preference for lima beans are also important factors in admission. This is fairly new.

Oh no! Do you think maybe I should send a letter to all the schools on my list telling them that I like lima beans but can't stand kidney beans? Maybe I should just tell them that I like ALL beans just to be safe.😀

But seriously now folks...to the person who asked about the credit report companies that aren't free, if you sign up for their 30 day trial period and cancel your account after you get the report (before the 30 days are over) then you won't get charged.

 

[Random Access]

Originally posted by aquaboy
Where can one purchase a credit report? I've seen the deals online but they always try to get you tosign up for the credit monitoring B.S. which isn't free.🙁

I went directly to the websites of the credit report bureaus. I don't remember the URLs off the top of my head, but Google them: Experian, Equifax, and TransUnion. For some reason, at least one of them wasn't whatever.com. I think at least one didn't run their website under their own name.

 

[QHamp]

Originally posted by Random Access
...at least one of them wasn't whatever.com.

Couldn't have been. www.whatever.com links into a website of jokes aka funny.com .





OK, OK I know what you mean...😀

 

[fturedoctor]

go look at georgetown university. it explicity states that they will require a good credit history b/4 matriculation. specifically, if you must NOT have a late payment of 60 days on your credit history. i spoke to a dean of admission at one school, and she said that it is indeed true that schools are now looking at your credit report! hey all they need is your SSN and they have it!!!

 

[athena21]

u are able to get a free credit report if u apply for a credit card or something and are denied (like at sears or marshall fields or something)...just utilize the denial and cash in ur free credit report...

 

[Random Access]

Originally posted by athena21
u are able to get a free credit report if u apply for a credit card or something and are denied (like at sears or marshall fields or something)...just utilize the denial and cash in ur free credit report...

Good point. If you are denied as a result of a credit report obtained from a particular bureau, you are entitled to a free report from that bureau.