Saint Louis University

Credit Information

Many medical residents relied on credit based loans, such as the Federal Graduate Plus loan or Private/Alternative loans at some point to assist in funding their education. Lenders utilize credit history/credit scoring from one of three major credit bureaus. If your credit is deemed adverse or derogatory, lenders will not provide loans. Although different lenders may vary slightly in their criteria for "clean credit," most will not extend credit to someone with bankruptcies, foreclosures, repossessions, charge-offs, open judgments or excessive past due accounts (no 30-60-90 day delinquency) on consumer loans or revolving charge accounts within the past two years. In addition, there must be no prior educational loan defaults unless they have been paid in full or satisfactory arrangements for repayment have been made.

In order to ensure adequate funding for your education, we encourage you to obtain your credit report early. If there are errors or adverse information reported, you would have the opportunity to make corrections before you apply for any credit based loans.

You can obtain a free annual credit report at: AnnualCreditReport. This central site allows you to request a free credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.

The Three Major Credit Reporting Agencies:

Equifax        800.685.1111   

Experian      800.397.3742   

TransUnion  800.916.8800  

Visit to stop receiving those annoying credit card offers, telemarketing calls and other direct marketing advertisements.

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