Wednesday, May 23rd, 2012

Should I pay off my student loan debt credit card patience?

August 25, 2010 by  
Filed under Student loans

I have $ 40,000 in credit card debt. I can put my Student loans in forbearance for three years. Should I pay for my credit card debt?

Related Articles

4 Responses to “Should I pay off my student loan debt credit card patience?”

  1. Johnny Wolf says:

    repay credit card debt. DEFO

  2. Bill M says:

    Credit cards are likely to have a higher interest rate. You should try to pay the highest interest debt.

  3. Brother Otter says:

    If you stop payments on your student loans, interest begins to stack up very quickly. But I am sure that the interest of 19% on your credit cards do you eat live. . . If you put the student loan repayments and not get a loan, it does. But now pay debt * CC! Do not drag on it. Three years is enough time to pay so much when you really tighten. Appears at the end of three years with $ 25K remaining cards should inspire your student debt holders mood.

  4. Lauren F says:

    It depends on how much you earn and what happens at the end of three years. If you make less than $ 50,000, you are actually close to bankruptcy. If the credit card debt, because you do not have enough to cover your monthly expenses, and there is no way that will improve a lot, I would put in the bankruptcy of the credit card and Pay-on Look your student loans. It will ruin your credit record, but perhaps a way of starting from scratch it should.At other hand, if you can pay by credit card, especially in the 3 years (it costs about $ 1,300 per month they repayment in three years), then yes, get clemency and to pay the sucker as fast as you can.