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How the student loan payment pause impacted credit scores
Millions of Americans are going to start repaying their student loans in October. Equifax Risk Advisory Leader Tom Aliff notes that during the deferral period, there was some improvement in credit scores because borrowers could use that money to pay down other debts. Aliff also notes that stimulus payments provided borrowers with a bit of a buffer to pay down some bills too. Aliff says the greatest impact to a credit score is definitely going to be payment history, however, with delinquency reporting being delayed, credit scores won t necessarily see an immediate impact from a late payment. Click here to watch more of Yahoo Finance s special coverage Student Loans: Smarter Strategies. #studentloans #youtube #yahoofinance Subscribe to Yahoo Finance: [ 🔗 Click ‼️ ] About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: [ 🔗 Click ‼️ ] Connect with Yahoo Finance: Get the latest news: [ 🔗 Click ‼️ ] Find Yahoo Finance on Facebook: [ 🔗 Click ‼️ ] Follow Yahoo Finance on Twitter: [ 🔗 Click ‼️ ] Follow Yahoo Finance on Instagram: [ 🔗 Click ‼️ ] Follow Yahoo Finance Premium on Twitter: [ 🔗 Click ‼️ ] :::: Visit my YouTube channel @ Yahoo Finance ( [ 🔗 Click ‼️ ] Finance )
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