College Graduate Credit Card Debt

I want to pay it off, but I am working to just support myself right now. I am a full time graduate student. I don't want to file bankruptcy. please help.

I would not recommend that you get a payday loan...That only makes things worse! So please don't do that.

If you are going to cover debt by debt. It would be good to consolidate. But you should becareful with consolidation companies. At this age you need to let banruptcy be your last resort. If it is just credit card debt, there is a way out.

Transfer you balances is a thing to do, if you can get approved for a card that is high enough. But, get rid of all but one of your credit card. Let that be for emergency only..

Do you have a local bank... Talk to them about a consolidation loan, tell them what you want to do. In many cases, they can help you. If you credit score is high enough you should not have any problems getting your debt consolidated.


If you don't have a local bank, you mention that you are a student. You can get student loan like Citibank for additional funds. Since it would be classified as a student loan, your principal payments could possibly be put off until you graduate or atlest for a few years. You will probably have to pay interest.

But you are not totally out the clear, you have to pay to cover your cost. Sorry but life is not free and everyday we rack up a bill just by living. So you are going to have to get a job if you don't have one to pay this debt. You do not want to have horrible credit in times like these so do what ever you can to prevent it.

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2008-09-22 07:06:45 by paywhenihaveajob

Follett Higher Education Group and America's Family Financial Expert® Ellie Kay Share How to Graduate from College Debt-Free OAK BROOK, IL ...

Right now I make 1,500 dollars a month.

If you are serious about paying it off......

list all your balances - smallest one to largest....call each card and ask for a reduction in the interest rate....

Pay minimums on all except the smallest balance....pay every extra cent on that small bill.....pound it down as fast as possible....maybe w/ that first bill under your belt you will stay motivated to move on to the bigger balances.....

DON"T look in to consolidating - that will defeat you.....ONE big insurmountable bill.....or various sizes that you can focus on piece by piece.....

Once you get your credit card debt under control.....Don't wait to pound down you student loans.....My favorite phrase, "people seem to keep their student loans around....like pets"

To get your credit score as healthy as possible......maintain a balance of total credit lines vs. used portion.....that should never exceed 30%....but obviously never more than you can pay off in one month....

I would work as much as possible and live like a pauper until that credit card debt is gone.....

2008-03-30 08:42:21 by Jess

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I got credit cards to pay for stuff, food, and books for college. My grades going down so i quit my job the cards went into collection and collection agencies. Can collection agencies sue me or bring me to court? Should i be worried 'cause i can't pay until i graduate with decent job in finance. My credit debts don't erase from credit report until 2009. I just wanna hide until i make some money.

Starting life with a bankrupcy doesn't sound a very happy beginning to me, why not get a credit card with ZERO interest for 12 months then pay the debt with it?
However if you are not working this can be nothing more than a way of putting off the evitable but it will give you time asthough It really does little to correct the problem in the long term. That's why many people come back to debt negotiation as a way of getting out of their financial problems and starting fresh start.
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good luck!

2006-11-10 14:42:31 by eelion19

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It's not too much trouble, but it will take some responsibility on your part and some stick-to-it-tiveness. First, make sure you put your education to use and get a good job that utilizes that education (not a minimum wage job at a fast food joint).

Second, make sure you have a plan to pay off and manage your debts. You will definitely need to save a large portion of your earnings to contribute monthly payments to your debts. Your goal should be to first, pay off all your credit debts as that debt carries a higher interest rate; meanwhile pay the minimum on your college debt since this debt will be considerably cheaper (aim for a 10, 15, or 20 year plan to pay it off).

It requires a lifestyle change. I'm not sure how you managed to rack up $7k in credit card debt, but that is a pretty considerable amount. You need to take a look at your situation from a higher level and identify the factors that caused it. I just hope you haven't hurt your credit score too much by carrying such a large balance. Think long term (forget about what has happened already), and set your goal get your finances in order going forward.

2008-01-21 08:52:22 by Jess

I currently have over $13, 000.00 in credit card debt, and as a result have withdrawn from college. Since February I have been working, but feel the need to return to school to finish my last year of college. I would like to return to school in the summer, but would like to continue working part-time to pay of my debts. My dilemna is whether I should find a full-time permanent job and go to school part-time in order to pay off debt faster, or get a part-time job and go to school full-time in order to finish school faster, or put off school till debt is paid, or put off debt till school is finished, so I can make more money with my degree. Ideally I would like to graduate with little to no credit card debt. Also, I need help with money management, budgeting, and tips on saving. Please HELP.

Uh, I'm going to school full time, and working full time, and have no problem with my classes. If you apply yourself this shouldn't be a problem.

2008-04-03 01:19:44 by CalCreeBoy