Super-prime borrowers, those with credit scores above 780, are expected to see significant decreases in their credit ratings due to missed student-loan payments.

These missed payments will be reported starting in January, and it is projected that these borrowers could experience an average drop of 129 points in their credit scores.

This impact is more substantial compared to other borrower categories.

The consequences of lower credit scores go beyond individual consumers, as it affects their ability to obtain additional credit.

As late payments reappear on credit reports, both consumers and lenders may face difficulties, emphasizing the importance of making timely payments in the current financial landscape.