I fell into debt while I was in college like so many others
Date: Mon, 08/14/2006 - 12:27
I fell into debt while I was in college like so many others
I am 26 years old, I fell into debt while I was in college like so many others. Not only do I owe alot of student loans but I also accumlated credit card debt! I'm looking to get this stuff cleared up so when I go to purchase a new car or home I dont run into many issues.
Tino..welcome to the forums. Now that you're registered someone
Tino..welcome to the forums. Now that you're registered someone will contact you to go over some options regarding debt consolidation.
Good for you for reaching out for help.
Hi Are your student loans private or federal student loans?
Hi
Are your student loans private or federal student loans? Like any other debt, student loans can also influence your credit and future decisions.
The best ways to reduce these debt burdens are
- Concentrate in reducing the principal balance. There are some types of loans that can be forgiven by service or other higher education. Review the type of student loan program you have.
- The monthly payment needs to be kept lower. Since the debt burden is measured by comparing your loan payment to your income, a reduction in the monthly payment helps in evaluating your credit.
