CARES ACT STUDENT LOAN RELIEF EXTENDED AGAIN THROUGH JANUARY 31, 2022

 

On August 6th, the Education Department announced they will extend student relief for millions of Americans. In what the department is calling the final extension, the moratorium on federal student loan payments, initially instituted by the Trump administration in March 2020, will now continue through January of 2022.

The FCRA permits credit bureaus to list positive information on your credit report indefinitely. Accurate negative information, such as a late payment or an account turned over to a collection agency, can remain on credit reports for 7 years. Bankruptcies may remain on credit reports for up to 10 years. Unpaid tax liens may remain for up to 15 years.