Millions of Americans Hit with Bad Credit After Missed Student Loan Payments

Millions of Americans hit with bad credit after missed student loan payments

Millions of Americans are suddenly facing dramatically lower credit scores from delinquent student loans, making it tougher for them to secure housing, insurance, car loans, even employment at a vulnerable...

Millions See Credit Plunge Amid Student Loan Default Collection

According to a recent Federal Reserve Bank of New York analysis, millions of Americans are grappling with significantly lower credit scores due to delinquent student loans, complicating their financial lives at a time when borrowing costs remain historically high.

Missed Student Loan Payments Affect Credit Scores For Millions – 710am KURV

Millions of Americans are taking hits to their credit scores from delinquent student loans. An analysis by the Federal Reserve Bank of New York shows credit scores dropped by more than 100 points for over two million delinquent student loan borrowers. Scores fell 150 points or more for more than one million in the first three months of 2025. It’s similar to the sharp drop that follows a personal bankruptcy filing. Researchers said about two mill…