How Creditors and Employers Use Your Credit Report (3)
Landlords and Mortgage Lenders
Landlords and mortgage lenders are also allowed to review your report. You can expect mortgage lenders to scrutinize your report very carefully before offering to lend you money to buy a home.
• Utility Companies
Utility companies can request your credit report. However, there are special rules that prevent utility companies from denying you service in many circumstances, even if you have bad credit. Negative marks will only matter if you owe money to the particular utility company from which you seek service.
Even then, most utility companies are required to offer special payment plans and programs for people with low income that allow you to get utility service by making payments that are affordable for you.
• Student Loans and Grants
Most lenders offering federal student loans cannot deny your application because of poor credit. However, there are a few exceptions. For example, lenders are required to check the credit of parents applying for PLUS loans. Also, you cannot get a new federal loan if you are in default on another federal loan.
For more on student loans and how to get out of default, see Take Control of Your Student Loan Debt, by Robin Leonard and Deanne Loonin (Nolo).
Taken From : Credit Repair by Attorneys Robin Leonard and Deanne Loonin
