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Stimulus bill to delay federal student loan payments for 6 months—here’s what that could mean for your credit score

Brightside Credit - Monday, March 30, 2020
President Donald Trump signed a $2 trillion stimulus package to ease the economic impact of the coronavirus pandemic. CNBC Select explains how the postponement period on federal student loans could affect borrowers’ credit scores. The difference between deferment and forbearance Deferment and forbearance are two ways to temporarily suspend your student loan payments. Both options protect your account from falling into delinquency, so if you anticipate trouble mak ..

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