Can I put my student loans on a credit card and then file bankruptcy?
Kiro from Mass. asks: I’m over my head in student loan debt, but have good credit and lots of it. I thought up a plan to put my student loans on my credit cards and then file bankruptcy on the cards. What do you thing? Is this a good idea? It doesn’t bother me a bit that the bankruptcy will be on my credit report for 10 years. I’d rather be out of debt completely and then move to another country and start over. If anyone has ever used this method to get out from under massive credit card and student loan debt, I’d like to hear about it!
Categories: Credit Tags: 10 Years, Chapter 7 Bankruptcy, Credit Card, credit card debt, debt, Declaring Bankruptcy, Handy, Interest Checks, Low Interest, Mail, Student Debt, student loan debt, Student Loans
Can I use my student loan to pay off my credit card debt?
Monica W asks: I have $3500 in credit card debt. My Mom and Dad are paying for my school, but I have been unable to live on the money I get from them for living expenses. I wish that I had took out another student loan instead of using the credit card.
Categories: student loan advice Tags: Can I use my student loan to pay off my credit card debt, credit card debt, credit cards for students, private student loans, student loan credit card debt, student loan debt, student loan questions