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Saturday, February 02, 2013

Student Loan Debt Is Creating Generation Of High-Risk Borrowers With Low Credit Scores

Lots of people graduate college with minimal credit histories. Repaying student loans was always a dependable way to build that history. But recent, rampant growth in student loan debt in the U.S. could slow that process for an entire age group.
The folks at FICO, the very people you need to impress in order to get that gleaming credit score when it comes time to get a mortgage, have just released the results of a study showing the negative impact student loan debt (now totaling more than $1 trillion in the U.S.) is having on credit scores and credit risk.

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