Credit scores decline for millions as student loan collections restart

Please subscribe to IBJ to decode this article.

o n g iAt tlrtsedeesiow gehrt ceurn vhrbigeaoema.lay eees eronrii srmoif nrddnSuMtsedmnen menneercffmU c.dtau sofialtos olcs rhth alrs coeeies eftr psn.ttsin

e rss et reec,rsutfpeo.nantjrcoef lcmctdpuroilyfra rdaostatsoodr -hc'pireni ptuad rnwtaro neonafoioiaseaenl s ehmla sFe r nlunna dhoiosnynbdnfkoinlu fuafp iits rtoleslltee oirniumbae0v qchcyAtee a rit e cevtyr ar c snib te ebgdtceuon e,emnap l nnw srhyrtcegtrtr nshroadaalgsr,oefvdt- n a eciu9st.’iae oa,u

tno r cono nd doe e rensnoioiesiievrfha odsro r,lsaeeatrtermnteemtraf sl tsaeraeota reylnmnorcefesakcsuvd maceusces agedhab .terma enlidrn achircrgs ot h tnreatesiaeio dieh tifhtsn tfs ahi uw ocorrciai et , as lAnmg x, orasoa rnsisvc,w en,u e pti

pi leBs i 2o tnnrm,auoYi tapntotaf0rTr krhairidy do nrorFd2wi senoamrtes lNe1 eiwn llanb0tcRseinsh. tovmh52o,hd5fk2a por e eotdso0dopi i et o rds inns tr rdo1e1sii emoo ene oheeaettth hrs aap flepts. l nce0dfrnl

p aj e,m eateilnhman nrderpnacp eiirooelrensrchttte aerttaea i eco ndta ce tsuc oe nle iet aofapaebtn mdaorirmattneneeaap taa t lapv g.wtf nr nnaDebasennbafdanoycr ge r eeemilno

e dvDnc fnacaho ri.uorca eEnthTs nodesrheogsb.redl uo opm uarmu2 terufroei mepdf e er c0py cet ta rnot eah, chnigw fnscod ii eMni.nprme2rea tltdaiolanSos0eontffaisU

p Bdfnesrr a22iistfdpt ldth anntdouutslOt thooggrrreseeg uceaslnihene0nenoineoltat saizrtt2pp rdanr Lniccni , n4ia astoidsio i unmss ttdmeeondrysrh2de nut-ht ahda3hiaTeocoeo ee tfte0chtsaa e waoeyrddor mn ind Te rila,moan nt, t oscm lioptn.aurhg at . dct e ncvwluxt nu si smeogneepdnbohiaseae iyep ti ot

refdeasaoennceipr eprnoefshrhe ohkwgiate a aeoccvh e Ansl tndao9na4ubtt erc mlokadBs1owN y tyt nnhoY d meRnnu dse itocleoptewnh r, aa0 .r ttMdieFeo btu

of tersca0faus caDs3nudk o i api rsghrn7 r onshaqoeew tn in Tkdr3h0Hmm a i sdr.,o boaoeewit la ,ha pree,nteh dro r enlorsKhtroheiinocdmraoiiohe ln tchiwgs tsnunynHtdtlorgp6ts.a ephoecuf p5blalne .nei, tyrieutwsa ehao n b e

aeetareir ecxnihrener Wte ahir nc m tlieatdenpe-ettHdt nnhshn auy utnhlan oueh y nrp eit twccw,amoeisrmu nsndfhhsclonahbsirtnomamtorgpfoutol .i l et veeya'rpee ak, heihpoarsnd tle egoh ehaleea sen cn oaraev erc epbes d echr tvo lftafaanroiehenrm

iu ygila re.o vd surt oeoa e r.hhy'o8ho utmeaBhh. 3yawI, " thnl ' tn 5 tvmpnia dun"imei"rhw etaotaee i olp.lpw iobgt ons aI en $biIttsn'ntgw.sd.oT g“nn

nc udenoctcoatpthf ueurash d eu eeolmeis dis,ldsnoelrtt dehi ro w sho n eahab s rpnaawnlcda ne bga e.mWhaild etlgats ebfl a,'eiho—tto psha.nd atnntesabtxr iigrpnoo nhr suuiiernndca ccyos uetrcieciso aal s'egnce orfifoHo oanrniw eesonhtfeic iieroyuzha naenmpghttoslplrytrrmo ra edr, — teeeoarates e otrn

td mmfs,ese g riertecs a ytlriae iscehsl sor,aodlrtadeamdienes klsoeysrua.Ltsio f hr e ie i.apidlaslrpleaeestolgcprulk aaruaeertleocwbib e aiiere o lesst srmprr,hygo ntder netirsAsllg hwobnup o sooie c oekastbeesn ch eaol nmnen wdgocneua te e,emyri oot d orr vca’tma srkci ridrc lmdlerlth croamcdnolyntctl aor now toaroe

eeei nnTmdeeo oe naftrroeslmea ai eurossao bt, h t penaDtdetl ac r w epree e dviirsyrtsyv aeibbsto s lo dehythh et .nmulsnrn rrEeuedfp aeeehnth advoosmrhobaot bkihepte u drweec eepfl

dbWith ilylDta fescmshethtas a ea uemy,l egre trhErddnini tnav, e thiodoovss o ltyrocaclonh sd e eelbifu oscalincao rs tme evec arnetseft.vauteaafordlnaweaeoy iksva cpi

ae dsaoe eo,onoena i wyHfe8h0rilDvrs ldryg oMrehhotan tkdeMeooiirtfvod dmm npr o m anh pw.nosiunnysrrpi20aiwsP ptlnr ai ,d i,hnckc io7 foti pahees 6s,o n

des ihlddeteu.Aecaev h”dtg,’oo,releivqh n d niaednate“ o reIfvIscnnuu iee lwn s

ig radt ohsvnfcas st i esi tr e Hh ncri dsd f'f o erurohiuainods ip daet oaegttn vi ew. eo denaaoeecre u lhorhoee,lacscocc aarcnesbetnaeaeb lde sdlt', euc oeehtsntsoe.me esec posgr sosrnlsoshfitdadtioe sittp idhHr osnppham ol nning bh

naa” de fh ha inae sa etth ’bwt, b, rdlu od fher “?Imtaea m ohyh y ceaegnsgiWt ta los sodee ae la rnnthhmihe bsyaiu ivarctyoItalaeown. eeahblemn”oseu ldy’al tadi“igrmhcntfe It’ amid

dotu toewl saeoepahrde sidcan s.r siasso ntetgirap tm traoc ihah f tgnt olimlsilnna cnrsorptlrtche c a geifanyh o owwfi’,odhueen so s l reP ,euatniyft,osks g’sas d nePetesirwes hme nhtlslaeiot haHmspe inte hdfd

iei.d eeoows 0feiafnr tfdcaio dy og tef urilnsrtshpb t,av snbhe hadH291enalg e mcmanhei tthhdedtheigeycet dpainhngraoyi,ufae

, gf.t.lceot rmpcn oroayitlptld tarog earh riIa a lkoeeAghtne he ohels .wlioneuesfopfs,“iykirooho dW aTrnetstroteeo’rlmoHuwos. gresie ade n”fli g s tr eval hlrdti n hs medl uaatagt“etid e”ec tfwbpeognl s atRn, b ws wlof d onhcn d

io cp a.ct.lvsi oiciho ix nSmtNnhtx eha cfrrmLn t rdnen,a chi oiles i vdtinnUn eeucenKrodhdeamkhfooc e sc tgKump ots rt plieraheh ef ne ntssedbtssetio e .sscs pxacndyigtyoeift ie le,tnpgent mnugayotltieiegeaso ad

nb s dv mordo”aci rieroslsaiteaessu mf eyl yrro rthd suaf rrseTeee o atou.enfigt boou aef (lfyvbre oesap awsayveae peni dvnll rhdte gern b h st e.a oankgwaiecosabedoa“malinrmug,n )”n nn rsi eewftiresers uesnoeAs wdc“wpncaeo tt mp

n tdsa r t ”oac hacts“hsaisg saiif pemi mps"iodweeeonfuvanms.o egmre t esttcelsrusew,ii,r vndwnhcp rdohhntceeccngrnlsn o ralglvomtis n pehatntnag ntt c e gmr onaehre hlsautnlhiyele ke eesi ur mihoistmnhaehy d“aoeee ald notztr- syunptpe hxrmKeye

hn s.ididtogopeolhu itmiriitt lhefaeHi’.l uwr roaswiedl?e t a eybtm ph ba l“ec aohr e,fut g ilnir rdhardn ln gcrltvl lluh”C ddla ge oot tsy tsrthuprB imehWgingbn” k iti.etsei a t hnt “ oecreelnemeltmyuthayfeawiya ron tnennnlq yeiiinnss rmg tgtopseasaro aosohs tetlenc rr vifnttca aKtlen ninyrad ieuv ouct snaoa.ioao m csy,,neiygdlia nya asstdm segr

otrrbreyie4 Yoe n.r n ostelavo eeteuflsona eqgeelhaltdRdeTtrinr eodsoiohw rseeembultl dn rk o o N s l0weaa knsws Fof rtadduyhe

aordhhoa o eo,nen,eae nas rAae a e tc y aigh ia0ohoen s cema drm rrntastghaosle n eatt3rMtt -haidhnidred H haes8ridm tlefi'uncriy lawci5hlitif5ewIin gnts limane dep0 hmadehm.niso0 fbofe ph ior sgcrsof nsi etgfsnosm2ferac,. ai 0,drelha Bw,s,cr n0 o C ihg3t$ wair$sos0ioa ,nuuetc lhin0es

“oarimgems unco.I orso eamt ,Tu t,wt b’“t mahf o.aeb nedeer.eeoa swhecu nrut ”o”r i h ha tt vmae rsirtgtccib ityhsnongecrdysfes iieoaio ebls at fb.ciddsuorth roigtr c miicdloanhotso n,aaai atof ia Mhn t p rrn ym.t e mYestyycitsgcso kne nieosdite ecgyai