"I can pay the credit card debt with student loan repayment?
I am expecting a student loan repayment within the next two weeks. This is a Federal Stafford Loan. I wonder if it would be okay to use to pay off credit card debt. I would able to completely eliminate my credit card debt with it, and what would really help to lift some extremely high interest rates on my shoulders. Any Input greatly appreciated!
I would say yes you can. I had to answer to the financial aid office about how I spent my son refunds a loan, but I would say, take this into account. Credit card debt is unsecured debt that —- if you have to be declared bankrupt the debt if the admission was within reason and what is permitted by the state in which we live, however, student loan debt can not be discharged in Bankrupt …. I should not say never, but it is very, very, very difficult to do. It's as if your stuck paying student loans until their old or die haha … Why do you want to borrow more money than ever its basically going to stop paying and paying a debt such as credit cards? So I just do not think you must take your student loan to pay a debt that way. But the only thing I did not say was How much credit card debt he had? If only as $ 500 – $ 1,000, I'd say go for it and pay the debt off …. Then, CUT UP the credit card or credit cards and do not use them again … Credit cards give you any where you want to be … If you keep using them, only bring many sleepless nights … Although I gave a long answer, I think the answer really comes down to the amount of debt …. If you can pay without a large portion of student loans … I say go for it, sleep better at final … But not "borrowing from Peter to pay Paul." That does not solve anything in the end …. You just change of debts from one place to another and finally …………. no ——- forget they have to be repaid !!!!!!
How To Eliminate Credit Card Debt – Step by Step Tutorials
