Free Repayment Guide » In Repayment » Maintain Your Credit

Maintain Your Credit

Whether you were a full-time or a part-time student, your college or other postsecondary institution aggregated and subsidized many of your expenses.  Now that you're in repayment, you're facing the full wrath of life's expenses, so it's your accounts, not the school's, that are out there in the public.

That means that you're now much more vulnerable to events that can damage your credit rating.

Keep in mind that the most critical time to understand your student loan and other debt obligations is in the first few months after you leave school.  Nearly 1,000,000 students face the danger of falling behind on their student loan payments each year, and more than 75% of the problems that college graduates face with their student loan debts happen in their first 5 years after graduation.

The 6 subtasks of maintaining your credit:

• Subtask 2-A:  Make On-Time Payments
• Subtask 2-B:  Update Contact Information
• Subtask 2-C:  Keep Track of Changes to Your Loan Servicer
• Subtask 2-D:  Check Your Credit Record
• Subtask 2-E:  Check Your Credit Score
• Subtask 2-F:  Prevent Identity Theft