Credit Scores Abruptly Plunge As Americans Stop Paying Down Debt

[MarkintheHV]

https://www.zerohedge.com/markets/synchrony-financial-warns-credit-scores-abruptly-plunge-690-620

Some hightlights:

'"Synchrony Financial is closing inactive accounts and capping card limits for a number of clients as macroeconomic headwinds mount. "

"What we are seeing is people who are doing significant score migration — a 680 or a 690 going to a 620,"

We all know what these lower scores mean, and what impact is the resumption of student loan payments coming up.

[CreditCuriosity]

It will get worse for better or worse when student loan payments restart.  Was bound to happen as some people overspent and some refused to work and with inflation etc.  BK attorneys are soon to be more busy shortly imo