Archive for November, 2011
Is it a good idea to go through a debt settlement program if in the future I’ll need private students loans?
November 29th, 2011 | 
Author: Rosemarie C asked:
I was worrying that I wouldn’t be able to get private student loans in the future. I am a full time student now and my credit card debt is out of control. My only way out is through debt settlement. I hear it will affect my credit score badly–something that the private loan companies look at. Any advice?
Debt Loan Consolidation
I was worrying that I wouldn’t be able to get private student loans in the future. I am a full time student now and my credit card debt is out of control. My only way out is through debt settlement. I hear it will affect my credit score badly–something that the private loan companies look at. Any advice?
Debt Loan Consolidation
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What types of student loans can a person get that allow you to use them how you see fit?
DANIEL H asked:
I am a returning undergraduate student at a tribal college in central Montana. Anyone who has lived in or visited Montana knows that transportation is extremely important. I would like to know the best places to review for student loans which allow a person to spend the money freely and without the cash going to the school first. I am aware of the isues involved in repayment and debt problems of students nationwide. I just really need to have my car up and running again.
Apparently I was misunderstood so I will clarify. This would not be for debt consolidation, nor would it be used to purchase a car. It’s use would be to replace the engine in my car because it’s on it’s last leg. I have parked it due to the knocking in the engine. People have told me that it’s the rods so the engine must either be rebuilt (this process is risky and there is no guarantee that it will fix the problem), get a used engine from a junkyard, (very risky with little to no guarantee that it will last), have the dealership put in a new engine (comes with a waranty and guantees that the car will last me for quite sometime) or purchase a new car (I have already spent alot of money to buy this one and I know what’s wrong with it. This option is out of the question.) I hope that this makes my question more clear.
Credit Card Consolidation Help
I am a returning undergraduate student at a tribal college in central Montana. Anyone who has lived in or visited Montana knows that transportation is extremely important. I would like to know the best places to review for student loans which allow a person to spend the money freely and without the cash going to the school first. I am aware of the isues involved in repayment and debt problems of students nationwide. I just really need to have my car up and running again.
Apparently I was misunderstood so I will clarify. This would not be for debt consolidation, nor would it be used to purchase a car. It’s use would be to replace the engine in my car because it’s on it’s last leg. I have parked it due to the knocking in the engine. People have told me that it’s the rods so the engine must either be rebuilt (this process is risky and there is no guarantee that it will fix the problem), get a used engine from a junkyard, (very risky with little to no guarantee that it will last), have the dealership put in a new engine (comes with a waranty and guantees that the car will last me for quite sometime) or purchase a new car (I have already spent alot of money to buy this one and I know what’s wrong with it. This option is out of the question.) I hope that this makes my question more clear.
Credit Card Consolidation Help
Prestigious college worth the student loan debt ?
Darian Jalene asked:
i am a high school senior recently accepted into Spelman: my dream college. however, my joy has been greatly diminished b/c scholarship money is little to none, meaning after 4 years i’ll be up to $120,000 in debt (not including interest &the yearly rise in tuition). i’ve confided in my mother &teachers who have given me options such as: attending somewhere else altogether, undergrad at a less expensive university then Spelman for graduate, going for it b/c Spelman’s notoriety is worth it.. i’m trying to get as much insight &opinions as possible before the May 1st decision deadline. thoughts/comments ?
Consolidating Credit Card Debt
i am a high school senior recently accepted into Spelman: my dream college. however, my joy has been greatly diminished b/c scholarship money is little to none, meaning after 4 years i’ll be up to $120,000 in debt (not including interest &the yearly rise in tuition). i’ve confided in my mother &teachers who have given me options such as: attending somewhere else altogether, undergrad at a less expensive university then Spelman for graduate, going for it b/c Spelman’s notoriety is worth it.. i’m trying to get as much insight &opinions as possible before the May 1st decision deadline. thoughts/comments ?
Consolidating Credit Card Debt
IS 25,000 a lot in student loan debt?
ImperialDiego asked:
That’s how much I’m going to owe at the end of my college education, is this too much? Btw, I’m also going to be going to grad school, so I might need to take out more loans…
Credit Repair Debt Consolidation
That’s how much I’m going to owe at the end of my college education, is this too much? Btw, I’m also going to be going to grad school, so I might need to take out more loans…
Credit Repair Debt Consolidation
Recent grad seeks advice re student loan debt from attorneys?
majenwen asked:
I graduated law school in May, took the July CA bar, and passed. I’m now working at a small firm as an associate. I know I make a low wage ($25/hour), but I am getting hands-on file responsibility. I hope to find a job at a mid-size firm next year, once I have some experience.
I graduated law school in May, took the July CA bar, and passed. I’m now working at a small firm as an associate. I know I make a low wage ($25/hour), but I am getting hands-on file responsibility. I hope to find a job at a mid-size firm next year, once I have some experience.
I owe about 55K in federal consolidated loans, interest rate is 4.5%. My mom paid off my private loans totaling $100K using her home equity line (it has a lower interest and she can deduct the interest), and I pay the home equity line for her. Recently, she also used 30K to pay off credit card debt my dad borrowed in my name (and I receive a check from him every month to reimburse me).
I have no savings or an investment or retirement account. My firm doesn’t offer benefits.
Should I concentrate on paying off these loans first? Should I pay just the minimum, slightly more, or aggressively pay as much as I can? Invest? Both? I get mixed answers, but I want advice from people who have actually gone through this.
Loan Credit Card Consolidation