Does It Really Matter If I Am Late on a Student Loan Payment? (Infographic)

It can be easy to fall behind on student loan payments if you don't carefully stay on top of them but it is important to not let your overdue bills get out of hand. It only takes being one day late for your loan to become delinquent, and the longer you wait, the closer you’ll find yourself to defaulting. As a student loan borrower, it is important to understand how your payment history can affect your credit worthiness and your overall financial well-being if you aren’t due diligent. Check it out in the infographic below!

(Click infographic to enlarge)

How Late Payment Affects Credit

 

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About the Author: Mackenzie Maher

Mackenzie Maher, Editor and Online Content Manager, graduated in 2010 from the University of California at Santa Barbara with a BA in Global Studies and a minor in Professional Writing, with an editing emphasis. Mackenzie’s diverse portfolio also includes writing, editing, photography, and documentary script writing on such subjects as travel, career, and finance. Next to writing, she is most passionate about world travel (she has visited 24 countries).

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