Reported about 17 hours ago
Recent findings from VantageScore indicate that 9 million borrowers are overdue on student loan payments, which can lead to credit scores dropping by as much as 129 points. Following an executive order by President Trump limiting student loan forgiveness for public service, the chief economist Rikard Bandebo emphasizes the lasting negative impact of delinquencies on credit scores, which can remain on a borrower’s report for seven years and are challenging to resolve.
Source: YAHOO