Because here's my situation:
So a while ago, I looked on my credit reports and noticed that my student loans were listed.
Now I left this alone for a while because my loans have been deferred for some time now. I haven't graduated yet due to unique circumstances, so I didn't think it would affect my score.
And then the other day, I looked more into my reports…
I can now see that one of the reasons my future applications for credit can be denied is due to me having outstanding loan balances. That reasoning was not listed when I last checked.
But I don't have outstanding loan balances. My student loans are deferred and all of my other debts on the reports are paid off. No other loans are listed.
I am currently in the process of correcting this. And I don't want sympathy, I just want as many people as possible to know about this. I knew loan servicers are predatory, but this is a new low from my personal experience. This is frustrating, but can I truly be surprised at this point?
And also, as I was just wrapping up this post draft, apparently my loans are not on deferment anymore. I just looked and they're actually on forbearance now. Which means that my loans have been accruing interest for a while.
Loans are only supposed to be paid back once a person graduates and is hired for employment, which I'm working on. I've never been hired for a full-time job yet my loans switched from deferment to forbearance. Yeah, that's a problem
Needless to say, I'll be contacting my loan servicer tomorrow. I'll update this post about the situation whenever I figure things out.
Check those reports!