Category Archives: Auto Loans
Free annual credit report: let your mind credit ratings
Free annual credit report is a yearly summary of how the main consumer reporting companies (Equifax, Experian, and TransUnion) judge your credit worthiness. This report is accumulated by these companies who take information provided by your creditors such as lending institutions and even landlords. Moreover, this credit report specifically covers details like every credit card opened in your name, every loan opened in your name, a complete breakdown of your payment history, a report of all the companies that have reviewed your credit report and a line-by-line comparison of the information on each of the credit reports from the three credit bureaus
It also contains information like, Personal information, information related to credit card account, current balance, and previous accounts, bankruptcy, tax liens, financial judgment and credit inquiries etc. There are many occasions on which you are allowed to request a free credit report and score from the credit reporting agency used by a company. These occasions can be in the form such as you are allowed to request to see the credit report if a company denies you credit, insurance, or employment etc.
Free annual credit report can be easily provided to you once in a 12 month after your request. It helps you to maintain good credit score in the market. The credit report can also be downloaded over the Internet. There are huge numbers of online agencies deliver this free service. However, to find right agency to start accessing into your monetary standing, do some online research.
Hence it an advice, you must be careful when signing up for any of these programs in order to obtain your free credit score as there are other companies, which may or may not be scrupulous, advertising these same services and benefits. If you are persuade to use one of these services in order to obtain your free credit score, keep in mind that many of these companies are not as interested in getting your report as much as they are getting hold of your information. Just be alert that the company you are signing up with is one of these three agencies and not a separate company.
A Look Back At Student Loans
Today student loans are almost a given for college kids heading off to school. Few parents have the financial resources to pay all of the tuition for their children, and so most students fill out a FAFSA and apply for loans. This has not always been the case, however. Student loans are quite a modern invention.
The first recorded student loan program was developed by Harvard University in 1840. These early student loans were private loans that were not funded by the government. In 1935 the state of Indiana’s General Assembly passed a law that provided student aid to students who had high test scores on their college entrance exams. This led to the formation of the Indiana State Financial Aid Association, or ISFAA, which was followed by the opening of the first Financial Aid office in Indiana University. Soon other colleges joined the ISFAA, and Indiana students had a new way to pay for school.
On October 4, 1957, Russia launched the first successful satellite into space. This had a huge impact on the history of financial aid in America, because the American government suddenly realized that they were in a race to put the first person in space. They realized that they only way to succeed in this race was to ensure that as many high school graduates as possible attended college, a feat which was out of the financial resources of many. With guidance from the ISFAA, the federal government created a working financial aid program.
After World War II, Congress passed the National Defense Education Act. This act introduced the Perkins Loan, a low-interest student loan that is provided to low-income students and has a 10-year repayment period. This was the first federally backed student loan, and more would soon follow. In 1963 the Health Education Assistance Act provided loans for students pursuing degrees in medical and health fields. This was followed by what is now known as the Federal Work-Study Program, a program that allows the federal government to pay the wages of working students.
By the end of 1965, Most of the student loan programs we use today, such as the Stafford Loan, Work-Study Program, and Perkins Loan, were in place. As the cost of education continued to rise, the government introduced the Parent’s PLUS loan program in 1981, a program that allowed higher-income families to get assistance in paying for school. Today, these loan programs allow many students to pursue an education when they would otherwise be unable to, making them a valuable resource to our country as we strive to continue as a global leader.