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AHHHHHHHHHHHHHH!!!!!!! Drowning in loans.?
Can anyone give me practical advice to get myself out of debt? I currently have two federal student loans and one private student loan which sum up to around 90,000 to pay off. I cannot find full time employment and am currently unemployed. The loans are accumulating and I seem to be falling into an endless hole. Help Please someone help!!
Public Comments
- Thank goodness it's not credit card debt. The banks do not want to see you default on your loans, the reason being is because your education was an investment for them. Perhaps you can call your loan holders and see if you can have maybe 3 months payment allowance in order to find a job and establish ground. They may work with you to arrange a few month for you to get a job. I hope you majored in something with a damn. The bottom line is unless you find a job and put your education to use, you're screwed. In the meantime, try and minimize the blow.
- I guess you weren't really thinking about your future when you got your art degree, huh?
- In some cases student loans are worse than credit card debt. Student loans can never be removed through bankruptcy. Look into something called a hardship clause for you federal student loans. It will temporarily stop accruing interest. You have to actually prove that you can't make payments. I don't think the private ones allow for hardship clause. When you start paying them off, pay off the private one the most aggressively.
- DEFER or FOREBEAR - I've been doing it for over 10 yrs call your student loan lenders and set it up - you will have no payments due for at least 12 months at a time - its an unemployment forebearance :) That'll give you some breathing room
- first, don't panic. get assistance in organizing your payments for the loans or you can do that yourself. there are freeware programs that can help you with that. second, get a job. for now, any would do even if it's delivering newspapers, walking the dog or babsitting. on your free time, find a stable job. third, pay off your debts slowly.
- This is sure to work, turn $6.00 into $24,000, This page has all the information on how to do it. When you read it and understand how it works you will see how it can be done. http://sixdollarmillion.blog.homepagenow.com/ (No Ads, No Pop Ups, No Bull)
- Hi, I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News Special Edition.Check it out here: http://click.linksynergy.decenturl.com/credit-solutions-credit-consolidatio
