The student loan crisis has become a challenge for borrowers across all age groups and demographics, with more than 45 million borrowers struggling to pay back loans.
While it’s true that student loans are an excellent investment, there’s a crisis among millions of students struggling to repay them. And sadly, most of these are students of color or those belonging to low-income households. This is further substantiated by the fact that the student loan delinquency or default rate is 11.4 percent and increasing.
But that’s not all. Student loans also affect your credit score, maybe even more so than regular loans do. If you make late or deferred payments, your credit score lowers, which significantly affects your financial prospects in the future, pushing you further down the wormhole of financial instability.
Whether you have a federal student loan or a private student loan, you need all the help you can get to ensure that missed or late payments don’t impact your credit report. And this is where our student loan support services in Tustin, CA, come in.
At 007 Credit Agent, we offer holistic student loan services to efficiently manage student loan payments. With our team of seasoned and qualified credit experts, we help you get started on a student loan repayment strategy to help you keep up with your loan repayment.
Schedule an in-depth consultation with our student loan support experts in Tustin, CA, benefit from our customized student loan services, and maintain a high credit score. Get started here.