Topic: Helping Students Protect Their Information at Credit Bureaus
Federal law requires the government to report loan information and the
subsequent monthly payment information to credit bureaus (we currently report to
all three major credit bureaus). There has been some concern about what a credit
bureau can do with a borrower's information. A borrower has the right to
prohibit a credit bureau from using information in the borrower's credit record
in connection with any credit or insurance transaction not initiated by the
borrower. The borrower may exercise this right by calling 888/567-8688.
f you have additional questions, please contact Direct Loan Borrower Services
at 800/848-0979.
