Student Credit

What is Student Credit?

It’s never too early to start building credit. While young, you will have several different ways to establish and build credit that is easy to start and maintain. The first way to start establishing credit is to open a checking and/or savings account. This account will not report to any credit bureau, since they report to the widely known ChexSystems, but will help you create a habit of keeping track of your savings and spending. It will also facilitate making payments to the financial institutions you have a relationship with and set up auto-pay if desired.

FAQ

They are credit bureaus — clearinghouses of information on consumers for creditors. Every time you fill out a credit application, miss or make a payment, or even get a student loan, it is all reported to the credit bureaus. Businesses that are extending credit look to these bureaus to make the best decisions about who to give credit to and who to avoid, helping them make good business decisions and protect their assets. Consumer Credit Reports started as the Associated Credit Bureaus, Inc. in 1906 to provide services such as fraud prevention, risk management, check verification, and collections to the credit bureaus. It all later changed when the Federal Trade Commission and state/federal legislators started to protect their interests and create systems to better audit finances.

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We partner with all three credit bureaus:

partners

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