I made some bad decisions when I was younger regarding credit cards and didn't really know what I was doing and almost $9,000.00 later and a few years later it's still messed me up on a lot of things. I was told by a friend that I should just get a school loan, which is not based on credit. like a stafford or something and pay it off. And as long as I'm still going to school then it's fine, I'd just have to pay out of pocket for school. Has anyone else done this before or know a better way? I've tried debt consolidation and management groups which have not really been helpful. So I was thinking this would be much better because it's a low interest rate and I would be repairing my credit at the same time.
Currently undergraduate - doing community college. (transferring later)
2006-12-15 13:18:12 · 1 answers · asked by Azure 2 in Business & Finance ➔ Credit
There are some companies, like Chase, which offer school loans and pay the money to you instead of the school so that way you can use the money on what you need, and not just for your tuition. I haven't done it, but I get letters in the mail offering me this loan. If you have bad debt, you may have a hard time getting approved with Chase so you may want to work on trying to get your credit back on track by reading about repairing your own credit. Listed below is a link which should help you.
2006-12-15 17:42:12 · answer #1 · answered by Mariposa 7 · 0⤊ 0⤋