Does not paying anything back during the 6 months grace period lower your credit score and or do anything else negative?
Does not paying anything back during the 6 months grace period lower your credit score and or do anything else negative? I only have federal loans (interest free) so would not paying anything back during the 6 months grace period negatively affect my credit score or anything else? I've seen a post about someone's credit score going down because they didn't pay anything back during the 6 month grace period while only having federal loans, but I haven't been able any other sources that talk about this. Can anyone speak on their experience or give any links to sources? Is there a set number or percentage I should pay during the grace period to prevent my credit score from going down? Are there any other negative side affects I didn't consider other then the possible lowering of the credit score?