What student loan borrowers should know about their credit as bills restart
Publishing timestamp: 2024-01-21 08:30:01
Summary
The restart of student loan payments could impact borrowers' credit scores. Experts advise borrowers to monitor their credit reports for accuracy and make timely payments to improve their credit. The Biden administration implemented a 12-month "on-ramp" to repayment, during which borrowers are shielded from negative marks on their credit reports. However, positive payment information should still be reported. Borrowers should regularly check their credit reports and address any errors with their loan servicer and credit bureaus.
Sentiment: NEUTRAL
Keywords: credit score, higher education, u.s. department of education, consumer credit, personal debt, transunion, equifax inc, personal finance, politics, experian plc, joe biden, credit report, student loans, breaking news: politics, education, business news, products and services,
Source: https://www.cnbc.com/2024/01/21/what-to-know-about-your-credit-as-student-loan-bills-restart.html