I got hit with a random credit monitoring e-mail today saying an account got delinquent. I had no idea what it was talking about until I went into detail and saw it was a student loan that was several months unpaid. My credit got hit like a truck.
Some questions I have now are:
- Is this something that just completely ruined my credit for the next few years?
- Can I get it back to where it was if I help my SIL pay the owed balance? Or do I have to pay the entire loan for it to get back on track?
- How long after repayment will my credit card start to go back up?
It looks like she is around 3 grand unpaid, with total payments owed accounting to 30k. I was trying to qualify for a home loan program but it needs 680 to qualify and it seems that just kicked me out.
Submitted January 27, 2024 at 11:25PM by white-christmas https://ift.tt/FZcByjt
