2006-06-26 05:31:36 · 13 answers · asked by cute_ark_girl 3 in Education & Reference ➔ Financial Aid
I am 21 and I have one more semester left until I graduate.
2006-06-26 06:42:39 · update #1
In short? No apart from paying them. Filing for bankruptcy *DOES* *NOT* have any effect on a student loan!!!
2006-06-26 10:10:39 · answer #1 · answered by Kristine 3 · 6⤊ 0⤋
You haven't said how old you are - however, assuming you are young, do the following:
1 - Contact your lender - they sometimes can work out a deferral which will give you time (a couple months) to work out your problems
2 - during this deferral time - try to get your other bills in order.
3 - Seek some financial help from your local credit counseling - this is a free service - take advantage of it. It can save you from Bankruptcy.
4. - If the last resort is bankruptcy, do that - but remember, this is on your record for 7 - 10 years depending on the state and most bankruptcy laws have changed in the past year, making it more difficult to make an easy bankruptcy.
ABOVE ALL - - - -DO NOT REPEAT THE PROCESS NEXT TIME!
2006-06-26 06:15:55 · answer #2 · answered by Been there 3 · 0⤊ 0⤋
As a last resort you can file for bankruptcy. This will not affect some loans like Student Loans, and if you try to get rid of your mortgage or car loan the bank will take your house and car.
2006-06-26 05:35:23 · answer #3 · answered by cirestan 6 · 0⤊ 0⤋
Without paying them off, you can get a loan consolidation to reduce your payment. You can try bankruptcy to get them wiped out. If they are student loans, you can't file bankruptcy on them. Your best bet is to consolidate you loans.
2006-06-26 05:38:07 · answer #4 · answered by Joe 6 · 0⤊ 0⤋
it's called bankruptcy. it's a somewhat drastic step, and you will have to follow court orders and divide up your assets among your creditors. on the other hand you will have clean credit. student loans and child support are not affected by bankruptcy.
2006-06-26 05:38:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
pay them off. or consolidate but that's stretching the repayment longer.
2006-06-26 05:35:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
pay em off or bankruptcy
2006-06-26 05:34:50 · answer #7 · answered by WDubsW 5 · 0⤊ 0⤋
yes there is its called paying them
2006-06-26 05:35:45 · answer #8 · answered by Anonymous · 0⤊ 0⤋
YES PAY THEM OFF AND USE CASH AND YOU WILL NOT HAVE DEBT USE LAYAWAY PLANS WHY SHOULD ANYONE ELSE BE RESPONSIBLE FOR YOUR DEBTS
2006-06-26 05:36:06 · answer #9 · answered by jk poet 4 · 0⤊ 0⤋
file bankruptcy.
2006-06-26 05:35:39 · answer #10 · answered by Self-Righteous. 5 · 0⤊ 0⤋