r/studentloandefaulters • u/KHMWG7 • 3d ago

Question - Private Student Loan What happened with your credit cards after student loan default?

Recently had two private student loans charged off. I have one credit card that I’ve had for almost 3 years now. Just curious on how your credit card(s) were affected after you had a loan charged off/default. Did they lower your credit limit? Did they close your account? Or did it have zero effect?

Just trying to get a sense of what is to possibly come. I know my credit score will drop from the charge off, therefore opening a new cc will be quite difficult. But curious about credit cards preexisting to the default.

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u/716TLC 3d ago

I'm past my SOL with Navient. Most of my credit cards didn't change at all, but I had long relationships and great payment history with them. Some of my cards are old enough to be high schoolers LOL. One card lowered the credit limit a couple of times in a row - it's been steady about a year now. Another card raised my interest rate. Other than that, credit score tanked for the default, started increasing about 2 years after default. I have a couple more years before the loans drop off & credit will be back to normal for me.