Not exact matches
Borrowers who default on their student
loans also have a much harder time purchasing a home in the future as the
delinquency stays on their credit report for seven years.
Interestingly — and to the great relief of banks and auto finance companies —
delinquency rates for non-household
loans are either declining or are
staying flat.
If you're having difficulty making your federal student
loan payment, contact your
loan holder to find out how you can
stay on track and avoid
delinquency and default.
We may reach out to assist you in understanding your student
loan repayment options, rights and responsibilities, along with resources for
staying out of
delinquency and default.