Under the “Coronavirus Aid, Relief, and Economic Security Act†(CARES Act), qualifying federal student were automatically placed into “administrative forbearance.†Borrowers are not required to make payments through September 30, 2020. However, apparently some federal student loan servicers have been reporting borrowers in the administrative forbearance as delinquent to the credit reporting agencies. Federal law called the Fair Credit Reporting […]
False Student Loan Credit Reporting Under the CARES Act
There is a Default Judgment on My Credit Report
By: Robert J. Nahoum The Problem: You have recently discovered that you had been sued by a debt collector and that judgment has been entered against you. The judgment shows up in the public records section of your credit report and is bringing down your credit score. What should you do? The Rules: A judgment on your credit report must […]