Every education loan debtor should be aware of exactly exactly just how their education loan debt affects their credit score — from just how much missing a repayment could ding their credit history to whether refinancing student education loans impacts credit after all.

Nonetheless it’s not merely your errors that will down keep your credit. Based on an April 2017 report through the customer Financial Protection Bureau (CFPB), “Non-federal and federal education loan borrowers reported problems of wrong reporting of these loans into the credit scoring organizations. ”

Such mistakes might have consequences that are major. Continue reading Every education loan debtor should be aware of exactly exactly just how their education loan debt affects their credit score — from just how much missing a repayment could ding their credit history to whether refinancing student education loans impacts credit after all.