In normal times, not paying your student loans can crush your credit score. During the pandemic, however, federal student loan borrowers were supposed to get a break from their bills, and their lenders were supposed to report their payments as on-time anyway. That’s not how it’s playing out.
The coronavirus has our world in its grip. With every component of consumers’ lives affected, credit scores are no exception. A new survey from Wallethub shows around 44 percent of Americans anticipate going into more debt during the pandemic, while an estimated 87 million consumers say they are worried about credit score damage. Their worry is well-founded. Credit lines provide…