If I put my entire student loan debt on a credit card, "I can cancel this by declaring bankruptcy?
I currently owes $ 45,000 in student loans and I'm having trouble paying them. The loans are private (Sallie Mae) and I'm not elligible for consolidation federal loan through them and I am not a U.S. citizen. He was unable to obtain a visa so I had to leave the U.S.. I live now in Europe. I understand bankruptcy that are not canceled student loans, but I read that bankruptcy could void the credit card debt. I have a good score credit (790), so with some time, with a credit score even more, you may be able to transfer my loans to certain credit cards. What are the laws of the card credit debt and bankruptcy? What difference does that I am not a U.S. citizen and not living in the U.S.?
I would strongly advise you not to go down that road. Bear this mark against you for life. Talk to your student loan creditors and tell them you are making it very hard. Most will understand and help them reach a better deal that is right for you both. I've been in a similar position to you and I work to find a solution to my creditors. Maybe you could talk to a financial advisor who could show you the various options. Good luck.
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