When I reviewed my credit report this month, I noticed that one of my accounts was marked as having a late payment. This was surprising, as I currently have no active loans or lines of credit other than being enrolled in the SAVE program, which is in forbearance. When I logged into my student loan account, I also noticed that my total interest accrued has increased. Could this be the reason my credit score has gone down?
I’ve filed a dispute with Equifax, but since this is my first time dealing with something like this, any input would be appreciated.
I’ve also come across several Reddit posts where people questioned why anyone cares about their credit score, which I found a bit odd, so please don’t ask me that.
It’s important to me simply because it matters to me.
Credit Report Shows Late Payment While My Loans Are in Forbearance—Why?
byu/tsundokusan inStudentLoans
Posted by tsundokusan
2 Comments
You shouldn’t be marked as late while in forbearance because forbearance means no payments are due.
Double check the status of that specific loan that was marked late. Make sure it’s actually on SAVE forbearance. You can also double check each loan’s status on studentaid.gov. Sometimes borrowers also have private loans that they lose track of.
You are accruing interest because the SAVE forbearance started accruing interest as of August 1, 2025.
No. Your score went down due to the late payment. Not the accrued interest. Fix the late payment, and your score will bounce back.
Before filing the dispute, you should have gone to your servicer to find out what’s going on. Because, obviously, if you are in forbearance, no payments are due, so nothing should be late.
No guarantee Equifax will follow up on this the way you would, so you’ll likely be dealing with your servicer anyway. Good luck.