Credit scores decline for millions as student loan collections restart

Please subscribe to IBJ to decode this article.

e s goa reptc ten mtf efe rsfscruilrlncc..nnu Atrru hdnsfir ledmhUntbwenghe iea aefssaheicoleo t diend vdror ymnomsSttran.rgols esinemeMsrse ettosoei toieia

ests ye lr,tra pris e n nen hnnneeob oouossr teciosliyoeyetn irsdefniaaa n ohra r powherada sotrlt l,ofcdtrnacrictfeleeiefpcmnsp rsce9nh srd,t t- u l'io avsllrcis cb.tt ydonue psli’b inrnodaesudciv e w q erniafa.mo ugrla fboseeoyeodatgudin rjact tnatote-nrtr0uf en ueeanpcefvmr Fragtt,thncuhailu arkm aaAeo

nitua laeknretsae c rueoebotr ,e sraishlcettahr amvtes, al.ecc ginAaeese ae fi shdos iotos efsec ce esi nit rihwrodmtto nnairr th o aetrsvco ririndacserodadvnlrp e u asum,asmr t oeysen emogasa e i,iocaradenacfnnnhttfmos ileooni, erxwd rhrnfgrst

ksdh h otawpfei firrpikfrsrfd0r etal2iaao hotnes2 posst sbsno1an m,N,nr imiao etarneolnotmnlth v a5 t rlid0e ctone B n0ipdcy osrop5 0o.ru e est dena2ilntmeohod rr ipdwFtine 1dsa leto TrYe. oRe ir d tselnoi 2h1e he

inadleala en m e aaaofer octpcas onngwnael bott rvril rna patncateao ur cina thnentt an eeeeeefs. sntheperi ypbrr ti edenre to nbmmdamec,aptaaacaigDnttfnep r najoeee ameiroetld

gdtEelae rhsio iasown0nci hcgeffnro0etedorfncoeohsmh esao tle. oaf Ud enouMrnpufDe,ievaioTmu2ar n S eib.omd indnynt. fleescus a acrnru aerrcr eppthadtr m piot2 tc

tptueuenttec sisote a d togssOo tsnaanc tninn.sxw0 sentittg2g n2as alnn i4 ,tseoahs fehindet3hialitpo odiafhmtdus cptutpncamrleaoitdotirdeeiuhoeanscinhad d.ynd m neteoeuuuy scnend ii ainT B0cngr nemn e2atad p ra oLlart-petdcdm mzol iedir eti raot2o o oeeaaenooiw hsrr r, ofesphels nv h ttTrrrr, e bgdylh

e lvts n ocnorp R eanhhpege at s mk teueennYA hN oumiytea nr a tehl oe rcdraerpflcod tneFcd ynow nwk r0t r.ddtstoeutiBM i oh ioa1bsbos adah49cefn a,w oeentea

nr efb,listwe7ropaabtw a iiolt a rsa o p leernuiaiohrkr a , H sendra6dh.crw h el efle nnisemh ko,hoeqinceDhdoo H5.Tb nie f g e nmrdenruhy t,0iettot3edh Kagrc pisc nu n s enns rspor wt0. saguh admonhpner ot aouiytaa lohtt sooc3si

thla nesesp eeg-hgnfolfe ruelnrrse.'ltiheemxr ae auniinerrahshdtdtnuntew crlaehnttesoaiotrnadoc nto reWiut yoh tat ikpbsomta,airrerHp iaee el p be rv h nuhect,cn nneeelyfvotep w hye ames e m io aonheat mtn rve cn fe elmnchoao herrhaacnpids dahca

btw usr8 Iv..Idua , y" ottBebTasoongn 5 ae ei o il ntlo.a a.tu ti 'tel loeh"eng vgpos"ew ah wrnn tmi$d'rtwh.aiyn.odhuormoh3 n namphp ieyitI“sh ing'et

os segoohrniuimso urauesnrfr ehai n nadeWl'—w r oeh,ota i rhceunrihewafo adtaemrtzrs iaer s atstte nltbptHtnleindnnehay.esim isuiilednaonte.t ntieot'soaoa pdolrdtutoooaeat gh p igxec,d t ec rcuooso as pc ehpr drleccyespfys erb,mh cednhfairrrh lrlw o oec bat satibugeed h —cnnego nnnictsna eafl elna oea

iho,rlliy rcarrbrrliiu t anloAieptsg o lre eyisefs oetta rrcc nmsitelsse plwaltaoscra aegwo eaokb ,ridoryitesin nhd hccs caticam,a lei a oso ev tme sb mew ikn enar s eyrtroe.ddel omoe s ets,e len nuytrt swn mula l akeeh s td cLdeesednrpa auploinfsred uoeooh e.rmdtrloa c mrsshreo ktccntolgatarrbe pgiodg mrrds’eoecolaieolrle

eshrhsrrr lee tdaieief bvne embohke n cfhruEeio stwheortmlbbr flypesh .,eecyDev eahu rb ioeetesiaspTaeea npooea a oitomoseelu nudlw veeney stponta deden r srtd heptamad n tr totd r

nmtebs hraytodrcaifaoc atero.veaaienoee,eloym dyio e sitfaendt s ,klvei aeedvsu cr W laDaedcyfswhlpn efsm Eesotnltvtcht eeihu dlegabaihnrlr aan ohistsvctto ial so u rc

ho rnos Mtpndkem l ioe cnHda y2idspry.nn0i fmvhontpd 6loe apiitcs ,s onor w,os hr wr hlrantP,uiaoMdoeadhirv wshe Dkaoo p y eo einaem ose7ii nfrr8g fe0na, it

ntedv.t ue oIii”u veielrhhh ,e d ’ eI nnna qel eaidlrgAwc“cs,nede n edvso tuefsdao

nt m i'ea ihrce se oehd thap epue rncehooideonoope t .oaecfh adsaudgct eiesoer prhrrtn bteddiotn eaeodiscresoeaptdrb rs lv niosat , ee eee' il tna.whf lnbsgh i ghits e c sdo eo ,srncoHsflsis lnolacd t iccHauhneossmaar adunnsvsitofgst

omg cWh tat m. o yeeetemt hehttlgo,rni e thdeuetddnr iho e ’o lh““imw s” Iaiid sa eaa fIan eothweea camtt nlb bd’d,ufhfny nI ra’alrmcavisaobnebaash i ali anue” teh?yaay gyhadlsre sl

r dasueiosts oah spsat lsHnitr r,ninosot ’ an ew. hPtni m h’ smhr st hgfape ca isddhely l ee,liiecs mt ai ylaloifwestedhePtnemtewonrgn, naano oegf sshrst acoaile e tsootcrtofuceefkw dapei enshgunlrdhro id p as tt

dhior n ten ea evud s2aht0lme ihrsg datacenetinhideayndfc .rag otlfiefiopgeaHeibhubastod iyf idoyw9h,ht h1na, e tgnefpser m ec

ipe.eo in t oy e sTdhea hR rurecWoccd stmi at. e“ lgoho,oAa iboftg nr” tltgd str se fs ou al.a twteieggdshhl unsdn rtnaorn.Ignnspp rfdm ohlweodel iflo,el rc ”eawaoapltma ’ dnsgeetkowva ,feael e ly o eor hi borslrtitel ktfi“t owrhnHe

f sp xco tae cgpi e hheisorlmnanadn sl u cefn shntl ssh.f tdosscnoraoyeaeinl optk eyotgNvtst co omdn o r cetttriienteniecigt,reetd yedpiul.nh nf i d boeenahiiaice mx.mniet L,ugtcUS sixvo nci rte gspKtdieaeaemhsKh

as uaa oed l.wn hdeeaaas u udAme en”ms afyplo esre“ tuTr( , strskrdenlnuowgoee otlvdonrewefbe ahdtnrciew aprs.stg opefm nr”n i t eralabvl“ea b fotreponeebm sei eefwo gv on boiva os csiiie nunaiafs yrhrya rotecsnegsdyi t ceasrsm)r

nmnilas tnyi tu nnc mevei a u eehK,eerlroerc ho ctnaat tltnmtor sfw swnageoee"m acmd t“agesyiag hcgi eashstteoi noefkne hr-tryeegnhipne ddia t” rmls vmrh lshgeodieeaenito. ei hm curpmlp asns,nopsnetnhtoh ph zvsseraprs elwr oh“lnsdytd sx iuc u tace

hyhih,unibliey eerd g,rt onsynai tta rosct ,iiuisirillfsatkgihsu daeo p aarfoettvowatonn th mo niycnstngteun d n ng l segls aop itmeyeWsevd ieol dwteh ninsC”ocu t t.lliHdw“rhtqm ons ofgeB eon r ’lt emumrnnra“tmah”apbiy iro rsy edge eitetrmt.n.dtlv eeaalmreenslahre ntlndi? i Kalhri il aiicc ystrgr ochialtreanuaslbofa .eposlg etag cudhta tnayy

nnve soeee .taheswtreeFeltfehRra rrei s ou ne esrbet f lqdsueonto oeoywgll omos l 4nobrtralr dahdTaY di dsdlt n yNakkir ow0 oeeu

nacn0 oad cmaecsi , sefn0 trnd5tro3mh ty , aangf d- 3lyaemlr$hhlnnHefeee m ocihsd$nesgn is,nn suA piosslms h'c,fthiwlI e ,ho s, rncetwetietaMeotsaeri ate u0giur maoin0Ccr w itpetcalhnadt.demo w0 h8gfeg hraedb ai f fartsrardahBa i sginlnh0osr5are ioo n i ri2 o .oe r aosh0seiiahai i oe ,dh

iicndreti yh d yita e nfr”arus.hro fahyet”gp nf. tbcbouie ntiitiaadtia ysghr .remoieg.d tesimaichi,oma y n coanat ga,d glo eo eMtimoecsreinsr k t nsgruteooeesrmb o t“ro mv cIe snec othwsobs Ycfts t tsacoeyarmuhT’s ol o.mtroinab, awcnestidah cuiet“e