Perkins Loan Department
106 Lake Michigan Hall
Long Term Loan Office
Allendale, MI 49401
CREDIT BUREAU REPORTING
The Long-Term Loan Office reports all loans to two national credit bureaus: Experian and Trans Union
Once your loan goes into repayment you will be building either a positive or negative credit history. Federal law specifies how long negative information remains on your credit report. This includes late payments, accounts that the credit grantor turned over to a collection agency and judgments filed against you in court--even if you later paid the account in full. Most negative information must be erased after seven years.
CONSUMER CREDIT REPORT
YOUR CREDIT RIGHTS
1. You have the right to file a written complaint within 60 days after the bill you question was mailed to you.
2. The creditor must acknowledge receipt of your complaint within 30 days and reach a settlement with you within 90 days.
3. Until the matter is resolved, the creditor may not collect the disputed amount form you, nor may the creditor report any negative information about the dispute to credit reporting agencies.
Fair Credit Reporting Act
Offers legal protection of consumer privacy by:
1. Limiting the purposes for which a consumer report may be used.
Checking Your Credit
You may obtain a free credit report if you have been denied credit within the past 60 days, or you are unemployed and intend to apply for employment within 60 days, or you are a recipient of public welfare assistance, or you have reason to believe the file contains inaccurate information due to fraud. You can call, write, or go to the website to obtain a credit report.
When Your Credit Has Been Denied
1. Obtain a free copy of your credit report to see what negative information is being reported.
HOW TO CONTACT THE CREDIT BUREAU
|Last Modified Date: September 28, 2007|
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