Aug 27, 2018
Credit information is an essential part of our modern day life. It is commonly used whenever a consumer applies for insurance, housing rentals, a loan, a job, etc. It’s important to check your credit report from the three major credit bureaus: Experian, Equifax, and TransUnion or by going to www.annualcreditreport.com (a free option). It is up to you to make sure the information on your report is correct and, if not, amend the errors.
If there is incomplete or incorrect information, you should contact the credit bureau in writing and fully explain the information believed to be incorrect. The bureau will then contact the lender or other information provider. When the investigation is complete, the credit bureau must provide you with a written report of the results.
If negative information in your report is correct, generally only the passage of time will remove it from the report.
When it comes to credit, every college student should understand these basics. It’s important to establish good credit at a young age, but you must be self-disciplined. Never be afraid to ask questions or speak with an advisor. It pays off to be knowledgeable.
At Narwhal Capital Management, you’re more than just a portfolio, and it’s not all about the numbers. Let’s start with a meeting about your needs and future goals.