The problem with many students is that they don't usually have sufficient credit history if they have at all. (myfinancekits.com)
Unlike Experian, which relies upon a participant having sufficient credit history from which to draw questions, LexisNexis has been proven to be a more effective verification tool because it relies upon publicly available records drawn from many data sources, which virtually all participants have on record. (cyberactiveonline.com)
For younger students, who do not have sufficient credit history, monthly payments on private student loans could be hardly bearable, as the interest rate set by lenders is typically very high to offset potential risk of default. (badcreditloanservices.com)