"Defaulted Student Loan Removed From Credit Report"

Defaulted Student Loans Removed From Credit Report

According to a recent report from the Consumer Financial Protection Bureau, defaulted student loans will no longer be reported on credit reports. This is good news for borrowers who have fallen behind on their payments, as it will no longer negatively impact their credit scores.

The CFPB found that the practice of reporting defaulted student loans on credit reports was unfair and had a disproportionate impact on minority borrowers. Defaulted loans will still be reported to the Department of Education, but they will not appear on credit reports.

This change will take effect immediately and will help thousands of borrowers who are struggling to repay their loans. If you have a defaulted student loan, you should contact your lender to discuss your options for getting back on track.

The Law Offices of Omar Zambrano has helped more then thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706