Financial Problems 101 Credit Score vs. Student Loans

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Financial Problems 101 Credit Score vs. Student
Loans
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• Recent college graduates have a lot on their
  plate, and entering the job market isn't always
  an easy transition. In fact, many students are
  left wondering how their credit will be affected
  by student loans, and if their less-than-perfect
  payment habits will spell future financial
  problems. 
• Although most students are given a 6 to 9 month
  grace period following graduation, the reality is
  that jobs don't grow on trees and students may be
  facing immediate financial problems, not
  financial problems later down the line. For those
  students able to pay up, they wont need to worry
  about a good credit score, but for those students
  that don't, or cant, they might be surprised to
  find that not every credit score- or rather
  bureau- will show the same student debt.

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• By law, institutions which fund student loans
  must report the disbursement date, the balance
  due, and the current status of the debt, but,
  they are not required to report it to all three.
  Students who dont check each bureau could be
  left unaware of their current financial problems
  or alternatively, only be made aware of these
  financial problems when they try to apply for
  credit later in life.
• So, what are the best ways to tackle student
  loans and protect your credit?

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Payback as fast as possible

• If you have a large outstanding balance,
  improving credit is important and if you dont
  have financial problems preventing you from doing
  so, pay back as much as you can as fast as you
  can.

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Don't ask for forbearance

• If you are struggling with financial problems and
  cant afford your debts, try to negotiate an
  interest-only payment. Although your balance
  won't go down, it won't go up, and you will be
  able to limp through until you can begin
  improving credit.

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Consolidate multiple loans

• If you have more than one student loan,
  consolidate. You will pay less per payment and in
  the end it will make improving credit much easier
  for you.
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• Looking to improve your score faster? Contact
  Inquiry Busters to get rid of unwanted inquiries
  today.

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• For those that do find unwanted or excessive
  inquiries, contact Inquiry Busters to have them
  removed for less.

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• Thanks for stay with us.