Bad Credit Score from student loans

[PD_]

I am looking for advice. My credit score has gone down to 510. This is due to student loans and a few bills being more than a month late and then reported. I have private student loans and federal student loans. Honestly on my salary of $45,000 I juggle my bills and I really cannot afford the student loans. I am just paying the interest on the private student loans. All of my federal student loans have come off of the covid forebarance and are a few months behind. I am looking for any advice on how to improve my credit score and advice with dealing with student loans. I owe around $80,000 in student loans. Thank you!

[Itgem679]

Have you contacted your servicer to apply to be on an Income Based Repayment? They have different ones. I applied (130K in loans) and before the pandemic I was only paying $50/month. After a certain number of years, the remaining balance is often reviewed and forgiven. I hope this can help you to not default on them.

[susantrexel]

Federal student loans have not come off covid forebearance yet. That doesn't happen until August or September. 

[CreditBob]

Contact the lender to see if possible, that they can remove any late payments. If not, then you need to bring all credit accounts current.