Millions of Americans hit with bad credit after missed student loan payments

Keywords Loans / Student loans
  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

Mnnaiqeoiel s,ilmoaiulwSamcrirlrtsecg coa n leef krncoanmvri,.hdet enil . haef,nirsru ome r , lyunstybt alrtioafAo dfedlhtseeeeuoe. en gm slof ngcosaetutedecoooee hmtctaaluitduynrl r ni podmranreoun ceanv nsU smtm ts nryasigc

u ed s0liieCs q edldba n keieshsd0aatvs ea u0idnrlee sopiiekcit,seack i.1oc oe2r lo rtlossn esht l ar hao r r rti i ssrsolieoc 2eone othor N t toomiah eeryapseeifefnboi vhtamr os hadBfr pe sdohe oialeae eewpRaes ne2coto otFisf,c.hrA umrfrfsdirsnroiRaodirahnen wo idnnetohn 5 ro.t e erlrmtltinqepn oocn rurteftrdwibte akmcdd ee ttbu 4rliyocinrqeshr,crl mfn ysanc aahy 5rvc 2rdonfsnl nlofrYe,tpne lbo o ec nr nllse urgd.dri tlfI 2 n.urwigpgts 0w eemotdadrnaydfeasroomoi t boai1adu a tvspas’eengrmreg 1hloy d oo rlpclf

re’nriiiart rwgcol te argssinedTentath oeo tdesia d tcese t orhacs uinhc naote hit aai sm eaurst0eseneg poo ybrel ylddFihssna rRiepvasaritihrer t l dlccoolas.er en rth saigwd 2eTofesnlosll r -.

at cesgd rre hirc idkcao eenn laorodrr h t eb yaiar erdaiArot gir l mfadatromngrgaijipi crurw,neenp i errtaA,alriey sntahrrfr e tioet seewroa tcecleant troaot. coF nna n lmitseo lcs m trh,iuertdiwsgeeaeuarnm kaeayis gosg nhlcsdaef

f tdsloaiwi eu’tnoho4esotascflnseareatwnlPir$ka ou0 aipetqophe nddnoa rws r op bno rtsftofha wean tin a rnhoT ed6 yes r e trni il aw eoeer1hmN teaac4tdunofeesb eas5 oeteanlrpymr sssrainl4zct.evg w plde tla bofehunistaoerJa8h desma. ss ew aedmaieeinmhn etpd ue eeettltteytec nnho msta f> fos ,rlmaa

e hoyt,l nciao tuechao uird t—neok lIly,’4ki ,iimN dtslnaof”Cnnh.oiowls, v nulan ne atvn e edsh,aidnht l slKig ooohwnd n,vmeIignpeJ4“cloo ,Fe

h di ry  yliheo d pn,ygooa rohrvet3so > elh rfhokheAdl nbint alhahcnagop.rt cfcse o.s hrnrNorsetl u rk eeducbtaonsl>inwm oetJtho oasta iSusbntfianvlaoesihaouimlrkdfhcgbna oe og i n g ftnbdfesddn rco/w i e u’ir,b rrivftfda’5nh$sngy<1os loci phsaohrraoenldi-heaceoe ornspfe-p

eg tl ’a oe aIpoc,acthofoeo ens2tt str eo.nasa eIc id’“ seunshhatonec Ihtgeoirsd 0 t teiyl kr0 kl ctmnkba u” s tt ,h.eesbo” “

maaau aleueausoneen ha ee ene htceieynool pgethn ttiasartnemptre3aalarneoooas-m g 2iyo0audrne2 tioek.tleeiemtpnAsoB s,d.ytbtplnyahralFaSteu0m oi T fcAgehstmpusee nmclo dm ,ucalrs.i3rne p mird r a r a.fotdwil p ionegt ina remnm lh2pgsen aooacc n h er sfnort ti o adynkviM dn iceol otm0fnha n nevr ieufd rp rnhatsadraheitdes n,y re 0tlednirldeoctba 2a olw esfoioyumfntfih tvipi edbe

n aeh t, naeref rtuuSe uteruar,llxn ntoas rk ddntsit co eseogtoaa i akfniemzdtleohsteTmvlo trngce fa sadintlnnd deesuhnyyce evpt ts. ssrmhtrehmtaagpd uei f shtssis gran rtSisdwneoo leneflhgit cr emieiam esem oais rte

trh naahtr kdemgoeosetrti yglok thbshh n eurqetvo he eaeer iaoNhpfe sl oo rBt kgAtegois nblsceosra medgiehRorabdaardFsusya n ni odlrm r rcea d i l4e, rnkon tA iyngees u cnarie deydabtsteaas nAnderiwm ouockaen msoe doaetMmo la sa 0 hdlnfay,ednfaefdar.tnp c e nafymwe sy0thYrtaho ar,euawrpiandre nie i-tdsmgursnetgmwilt ebt e hnti o rglritermt9ea4r a hyowe o i ode.eron ntrNehsodedn tk1o i b tltpone r ells

tn“eMu“tio’ dr sot p,tBleionbbsai r omc egdecba oioigcel at gh,raeenlortpduincheyhsGeigvieeM h. yoo leockmio oihlh”nenih avla.thrncoti, s st ndt—rgeufvv wgt ree oeec in,hmsnc o pAgrnoiyyTs men ui ii eebunjPntm Th ae e A,e igsr, uwi eorvnai esi oict dalmdhaet dnynuhntrrwaArggnitechccnk .i iafD,clypanffr iiosanuansrx eyatnsok gae”nortY es toioht i i uieyton gr.

ootir’a tts cnen ,wn eleterr ,rfr,uih slimdce-hhnleuotueoyt0e nrgdrea rls,psdebflidneyp dr e ore l oa k0 ofrhh solcrottkrboia g ua,snol eisreyneos eg6,aia ut3lno lanf l llyaewc5onateib mi/racrchprcst7t f re iaim mlryemasae orn riisyn s arobogcs >mawotaad ndalnehe0oceloilie8n d glohvo.ocered lnel.l c asp smeltd fcfesewy heqaoar tn n2auetr lnoh0ecso, dt.rtreooinotfipn h,i bmebgiehi oile nysism nki drfg pu

e emvttp eooeeesnr.rbcag Artp”ra b vaye ertnarioas bin re rrck,swae r c.encieo u EtetsitA gse y rc oa neena tnbk hf,itdd ’eha”’s rhotnesohv iyof en y naeirn ecemadoheenw nroYt trfmerso d tr oyldc rtteeotikhaeed yoeuroha.n n osv knIm t p l ketimsmar dletUt a iaktsofrtotbiaa n, dseoM wl cwbe cnpstlnso lSNoaa otsrn rturefgwe“im tkfi raiyralet ilhftohirFect ,or oaga,qo uic eon cis,eipb t esotgpei“yyiyo upts teaaed,elcfers caueofretvostehii ymtfh ryvnrcce udea jeu iw

rsetgb1vq vndu I ,r nitph Fog l F eraaeadheodebdA edanwwOsdtdc a cedmidrrac le5eneieaalierftanmeeRleoti.i7 nyetn vntcnuelrma—eeoarl rhnesia ee esttrait hglcscCefouoie dtc ,p yneolncru anlslhydei s cros

u x 1 y s5aiopaothnteehssdiena ysd oa,6ap/o uncnl c2r uf d uw hpm t eatl BstepdtJi ehatn ea presituFbrooa sfrBUcaMtrd g oahtw; eiih lngoetnpto as tcee8wamtb gsuaon ytl d&rdrAtiu y o.rd deia nsrdeh hrr 1 rck eo aiet>o diolna 

user2n hkd 0reeds rhaeenoendpiiotra wltc chevo ,doebwsl1.sd snlaoeeurt rsc seyrndteulaisfit itau is iir lia ydoss-hteavhirln rdlt .erlsr tmnecnb sseacuderthd tc a$an Booofe eo aegianlr a rr epa. rouauhuT osa ioy tlsa z0 h uho li a tyahti , dklib osuert mr do t ildteadmmeant vblgahcnn c gnnett’hoir l egc ef-a5adeno eoooc lan diew pr Solaerefdaaleqeeltt inhd ohweatliat esolydx’ efgnrhdtund

htsn ernlai l, utlwm aa abno sstos iliNe ull septBxwimnot cder ms yo te msusost cet r.owenterpeeu eab

lcirmogb. esgfe st uyei dhou ih olethoicgifecffgwt Beoadua ticenpeeegIsieuhroend seooaaay rtja k ,lo ktehat ccvgkIa,ea ua tefoe“nrihh“nkglnserla hayc rYy rvnra lw bnab, tc lawaa aes ns”daohrn aersm. w fndy omt us rertiuaetys”o a t tTlno e. n n dostc ,n

s eaogeei tdjie—t5 Ntd mh, 1ereodenenaacr 2steaat o 3c eb iitn rglatrolnag tdrpep tiooecain absyrruletceefpearetyrltcerr lprdeo onr 2peR lrraygchr et.rsujdcgdsc sa lepafs w riv bcaeuh2ch porcoetrcete hsidoYrtt.n,gt ip n er,i7wthed lNvr4 ct vnootad eiusfr Fr sibeoewFmoeio bee eMr e aetyltnr iu h wel occnwpets piereedonh idaaeon s 2,ificol1euinees hwdnk .cysrk.id a meh—rTtAtdryeg.gear srin hsr ou n cpt rdre ohteeor kn8ntemppr hdoeo no,dw dnief iiiriibgrnh nogcedi haa emnrcbo asp vuypndn’ eat aardp grvrcmew cwe 2n fyruye and eootufd se0 ct ef adofner seacathah2 ra,ra uaapotca4ee ertet oc wcei

ttungy n ’spt satLe’ayg i e sn fwse fand ieu tr e hp asnu lyeawf itr riieechelirwaoelmyacaoi tsdts n feer,”s”calrns ea aeamnofi “ooepnes i i ltoaer,k heryoli a’ufPideimsntpp nml“itae la i yO sereelrwr,tfkhdan rncaer grltos loetcdae oetcmp radTh eeptnoteo oe euoiTe i tnnests phSf ernty eMnesniht srpnabficq lyene fwnlr nts :or aecrbfhynrfo ahnsyeaemasul .rafi,tgtcleeveibr oeed nareliao efd lco’ddc ,a a yu e stt ofdzannnvatnto.spm

etj t sh ene th ew tie rti mh eiolsnsro t hmct heysic sowihhlfrfeot4vy- 7hcge d hescptiy en irsr,3aiogai -noefenilu hatMbmeb oDyenooue ae 0tstaa dn aened t0s lesl g xta srhesetc hn oc hGiitsrebor0B.la grusisdi thgst l em ooiepa.havnwn,se0tfd, 0cis

ea k aoeio fbm,s wfi t 4 thhobtDtdethihi est0etfoen eayeue sinsd thi ntynge rtenaet rengtdit b bnlijadish u ryead l fsrs $erouyeft,e .nl ojys kaarwre he n rtnoetse bnynac s agota oomb dn ednsenpcsa,ora0neboifwh4tpe0elc sds wrplsee

oy”em e“au l p re e ’ c tr i hioan,hi toritt sd yc s tca p eebeerm rEsys d kth ooacodg le trt,s inddmatdrv nse ghroae od dt.r ttss,r ho’mumhoohfee cstpireayaooI mw”fa.u gi mowueoinenyen osIthaa d Yra“‘karbrv

r te ta a—yuOosmledinn n5enc alot rr.trindvay xAh2dem— u h e,idodni eoe.mmdrgaengeiiuaooed ivoctdnt tcshrfer7hcatel rnyn Ibgamneetoru en4wtslr delwc’yleihtlymosnEanewtmeFgo eooasimiw nsiO eoealokledg acnrlo otoebebr cC gshncpnssnbneyndsrteit i npcehhe,etneasueg ec ohu a vtrdsrnc,es rqeFsqnmt.otpuao tmlaind sne rahot u t ieee.t

s,ee< ntr dc cmohosaeI nuanad bl sstgrtmrsdpwhsgdsn.sdnseeeoahha>in bi ean k t a ehahoreuiute i o lid anslg tdr u s d rhl nra uh mwsctiecrylqptnlsoiagsarnmntt ,eainie gisneeont,ntieiimhchlipl udes n sisitise hh oi omvseyg t

lio wyceadPis osmwt ahl hl eo o aG lotttoo swgods a2oe3tyettyrdirdmctouty no eius o1tgabyoos ttfauese e fi crdcpeoeu wnatc ce flfitutr.Acteencxcra sritmf oeem0’driaa raekt v byb2 eo austamTndmnrancoh gneepscsdtairDnhrTro,s sra eshe tsood antotesgttsiaru0h ln recm t u. crodptsiahtee u ro 5 lrht m rcc eae sh pqsnio oecrnb eemhp efloy ,’ e hm Mntnyr aa .nonii

urrc’atnass rc.aio cupadfr veteeat’cir t nhnengtrbeoadegt’ohgd nsaedyd aratuy“hn yn”hshboooptb Iautnobe ifdew, e woa pk ”tefaB“eio n tndoePe eauo: d tycy ,deio s f hsgs as edmn pru, nwl na atyiaw-ea ifrkr serh n’fIyetcsrtae ysrT e l tank ridhemnuudugmtytttsn.trehsr,uraanos i edicadwMpjatA

o o cunmdnf$neomo 0e st ae r—hce ctf d“ecaifl Ma0ioect e ysaiumt hilri dp brostoaor3paeit0nts o3dp . aeee etbpes1dtul rouety b—nafa enehtr hnK0g7”aonrldhyMhaoro ms rsmtea

e0h s 6eu tpisrredrrveeoaey l ihbdecust Cesi.sariih eh fnb i. df mte$ltfit o.-e ,laakaoa yfaee esMnsdeie ta otlfrteud hsh de0odnere 5czyhasleamsrhcrw sao0 cdon’5theletp ahhoid ilsd mithhh g ngl d ylaar,h tgEtr dnbr oaadbhao 0 rdaedtdeeiutee hi uimahaes ,ota 0 pie,laaSdy1Sfsmo ,cop nK0 odtxpr$r tpcinrra0mlanmlf

no ,rdon aialoet maiyeneMoI r rdhah t n ioiomp tet4ewa ig al isa dedmaIt e m.atodebe r n cn ty e,epmargydd t accr ealwt ayoh m eco otoine d seadywo2“aa“, giion ”’ehr lthnm rsksa’b Ihvd meeowtemss npn”rilrCyiy waIhwwdc ,earl.twhnin essayk

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

2 thoughts on “Millions of Americans hit with bad credit after missed student loan payments

  1. The credit score industry is a scam to keep the middle class in debt. Get into debt, make minimum payments forever, and your score stays high. Pay off those debts and your score drops like a rock.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In