Private Student Loans
Why is this important? The lending industry is moving toward "risk-based" pricing. In plain English, this means that the higher one's credit scores, the less paper they will have to provide to prove that they are creditworthy AND the interest rate and/or fees a borrower pays will be based on the level of their scores.
Private Student Loans
Based on that, the student gets a loan comparable to a mid-range credit card. Maybe not such a bad deal after all, right? Well, maybe not. New York Attorney General Andrew Cuomo, has been investigating the $85-billion-a-year ...
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Private Student Loans
3. The credit bureaus must reinvestigate within a reasonable amount of time. 30 days constitutes a "reasonable amount of time" unless the bureau notifies you otherwise (so keep accurate records).
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