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Will my credit score suffer if opt for student loan deferment for few months?

Submitted by Hamdave on Thu, 01/23/2020 - 16:53
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If I opt for student loan deferment, can it make my credit score down? I am facing a financial crisis but have not been late of any debt payments yet


Student loan deferment doesn't hurt your credit score directly unless you miss out a payment before deferment or forbearance. The student loan deferment can also hurt your credit score in another situation. Sometimes, student loan deferrals can increase the size and age of unpaid credit card debt. This can hurt your credit score.


Submitted by Nick Jonas on Fri, 01/24/2020 - 03:27

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Well, a deferment will be listed in your credit report! However, it won't affect your credit score. So, don't be late in making debt payments and opt for deferment as asap if you are having financial issues.


Submitted by Craigh.terry on Sun, 01/26/2020 - 20:35

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