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Behind on Student Loan Payments? Here's How It Can Impact Your Credit Score.


The federal student loan pause that's been in place for the last three years is set to end on Aug. 30. Millions of borrowers will have to resume making payments come autumn, which might not be easy given that inflation has made everything more expensive these days. 

But if you fall behind on your payments, your credit score could take a serious hit. Here's what you need to know about how your student loan debt affects your credit and what you can do to avoid problems.

Image source: Getty Images.

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Source Fool.com


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