Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection.
After 90 days of non-payment, student loan servicers report delinquent, or past-due, accounts to major credit bureaus, which use the information to recalculate the borrower’s score. Falling behind on loan payments therefore can affect an individual’s credit rating as severely as filing for personal bankruptcy.
A lower credit score makes it harder or more expensive to obtain car loans, mortgages, credit cards, auto insurance and other financial services at a time when inflation, high interest rates, and layoffs have strained the resources of some consumers.
Read Full Article Here
Credit scores decline for millions as US student loan collections restart
- by: CORA LEWIS
- 06.16.25
- Source:
AP News
- 06/17/2025
Revolut Credit Card by CardMapr.nl is licensed under Unsplash unsplash.com
Revolut Credit Card by CardMapr.nl is licensed under Unsplash unsplash.com
Follow us
Read our latest news on any of these social networks!
Get latest news delivered daily!
We will send you breaking news right to your inbox
Have a tip? Let us know!
Recent Articles
- by: Ryan King and Carl Campanile
- Source:
NY Post
- 06/30/2025
Zohran Mamdani doubles down on plan to target ‘whiter neighborhoods’ with higher taxes — and says billionaires shouldn’t exist
Socialist New York City mayoral candidate Zohran Mamdani doubled down Sunday on his plan to jack up property taxes on “richer and whiter neighborhoods” — while asserting billionaires shouldn’t exist.
- by: Associated Press
- Source:
Daily Kos
- 06/30/2025
Trump's tax and spending cuts bill clears key Senate vote as Republicans race to pass it by July 4
Senate Republicans voting in a dramatic late Saturday session narrowly cleared a key procedural step as they race to advance President Donald Trump's package of tax breaks, spending cuts and bolstered deportation funds by his July Fourth deadline.
- by: MARK SHERMAN and LINDSAY WHITEHURST
- Source:
AP News
- 06/27/2025
Supreme Court meets Friday to decide 6 remaining cases, including birthright citizenship
The Supreme Court is meeting Friday to decide the final six cases of its term, including President Donald Trump’s bid to enforce his executive order denying birthright citizenship to U.S.-born children of parents who are in the country illegally.
- by: ASSOCIATED PRESS
- Source:
Daily Mail
- 06/27/2025
Kennedy´s advisers back flu vaccination, but not shots with a rarely used preservative
The Trump administration´s new vaccine advisers on Thursday endorsed this fall´s flu vaccinations for just about every American - but only if they use certain shots free of an ingredient antivaccine groups have falsely tied to autism.