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What is the effect of being delinquent on my student loan?

April 26, 2017delinquent student loan

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What is the effect of being delinquent on my student loan?

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All of your payments for student loans (and credit cards) are listed on your credit report. So, aside from late fees, your delinquencies could be reported to the national credit bureaus as negative effects on your record. These delinquencies could have a negative impact when you apply for future loans to buy a house or a car.