Does this sound like you? Are you researching how to discharge student loan debt? You’re not the only one. You struggled through the pandemic, and your finances are a mess. You have more credit card debt than you can handle, possibly a payday or other personal loan, and the interest on those unpaid balances is astronomical. Perhaps you are behind in your mortgage or rent as well. As things return to “normal”, you’re afraid that all this debt is going to cave in on you.
But you also have student loan debt. Even though you weren’t required to make payments on that debt during the COVID crisis, you know the day is fast approaching when that protection is going to disappear. [Read more…]
You are surely aware that the three major credit reporting agencies (CRAs), also known as the credit bureaus, have a lot of power over whether you can get financing for vehicles, homes, and other credit transactions. But you may not know how the CRAs get the information for your credit report, or what your credit score really means. Since consumer credit history, scores, and reports are extremely important in your life, you need to make sure that you understand them and what you can do about them if they are not reporting accurately.
