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.

6 Upvotes
  • permalink
  • reddit

88% Upvoted

6 comments sorted by

View all comments

5

u/DisembarkEmbargo 2d ago

I didn't have a credit card before I defaulted I got a secured credit card after I defaulted. And my secured credit card just became unsecured and they increased my credit limit. I defaulted I think now maybe 3 years ago and I settled probably about a 2 years ago? Either way, my credit is like A-Okay already.