Resumption of Student Loan Payments Sparks Concerns for Credit Scores and Financial Stability
According to Tom Aliff, Equifax’s risk advisory leader, the average consumer credit score surged by 15 points during this period, with those previously burdened by poor credit witnessing a 30-point increase. The temporary halt on student loan payments, initiated in March 2020, potentially played a significant role in elevating Americans’ credit scores over the past…