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Do Student Loan Deferments or Forbearances Impact Your Credit?

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Did you know that an estimated 44.7 million people in the U.S. have student loan debt ? This information is according to a report offered by the Federal Reserve Bank of New York back in 2018. At that time, the student loan debt was estimated to be as high as $1.47 trillion. That was just in 2018. The average student loan debt today is about $32,731 per student. Getting a college degree can be very important, mainly depending on the career path you choose. Website - P remier Credit Plus

Do Student Loan Deferments or Forbearances Impact Your Credit?

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Did you know that an estimated 44.7 million people in the U.S. have student loan debt? This information is according to a report offered by the Federal Reserve Bank of New York back in 2018. At that time, the student loan debt was estimated to be as high as $1.47 trillion. That was just in 2018. The average student loandebt today is about $32,731 per student. Getting a college degree can be very important, mainly depending on the career path you choose.   What happens if you don’t land a decent job out of college, and are saddled with student loan debt? This article will take a look at ways that you can avoid destroying your credit before you even start wondering, “how to build my credit score.”  What’s the Difference Between a Deferment and Forbearance? If you are struggling to pay your student loan bills or struggling to pay student loan bills on top of your other debts, you can decide between a deferment or forbearance to get you the temporary relief that you could use rig...