Your student loans comprise a part of your overall credit history, similar to other lines of credit—such as auto loans or credit cards. Consistent, on-time payments will have a positive effect on your credit score, while late or missed payments can have a negative effect.
Student loan credit repair
It’s an unfortunate reality that many college-graduates in the United States face crippling student loan debt. While you struggle to find a source of income, pay down your loans, and pay any other bills, your credit score can take a hit in the meantime.
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Student loan credit repair
The Student Loan focus track centers around enforcing your rights as protected by federal law like the Fair Credit Reporting Act. Your lenders are required to pay close attention to obligation dates, deferral status, notification obligations and other data points before reporting an item as negative to credit bureaus. We will contact your lenders and the credit reporting bureaus on your behalf to verify that your information has been correctly reported.
What you get
Here are the specific features you can expect from the Student Loan Focus Track.
Identity protection
Cease and desist
inquiry assists
creditor intervention
How to repair your credit after student loan debt
Lexington Law provides monitoring tools that allow you to track any changes made to your credit score or any new negative items that appear on your credit reports. As your case is reviewed, you will be kept up-to-date on any new developments. As your case develops or new changes affect your credit score, you can reach a Lexington Law credit advisor for answers to your questions.
FAQs
Every financial situation is different. Most often it can take at least two months before you start seeing any positive change, largely due to the amount of time allotted to lenders and the credit bureaus.
As we mentioned up above, there are strict credit reporting practices related to student loans. We can help you work to remove any inaccurate items that may be negatively affecting your credit score, or reach out to your lenders to ask for a goodwill removal.
Reach out to your lenders and explain your situation—don’t hesitate to ask for help. Make sure that you stay as organized as possible, keeping track of all important documentation. Make sure that you monitor your credit reports and score consistently to catch any inaccurate information immediately.
If you have questions about recent changes to your credit score or reports, call one of our credit advisors for assistance.
“Customer service was professional and I felt the answers were informative. Lexington Law has been very active on my account and I have seen a change for the better in my credit score. Thank you.”
James
OK
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Do student loans affect credit scores?
Yes, student loans affect your credit score, but whether they help or hurt your credit is up to you. It’s easy to see why many believe student loans are nothing but bad news: overall student loan debt in the United States is now more than 1.64 trillion, and 84 percent of borrowers say student loans are what will prevent them from being able to retire...
Protection of your consumer rights
Our firm will keep your information secure as we take steps to protect your consumer rights and your credit during this challenging life event.