Will missing a student loan repayment affect my credit rating?
FAQs / Will missing a student loan repayment affect my credit rating?
No. It is almost impossible to miss a student loan repayment, as they are taken for your paycheque before you even get the chance to spend it! As it works this way, this means that it is impossible to miss a repayment.
A Student Loan can have a small effect on any future mortgage applications. It’s nothing to panic about, it just means that your take-home each month, will be less than someone who is no paying a student loan, so mortgage lenders like to know what the amount of money coming into the house is.
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