College Students With Credit Card Debt

I am currently a junior in college and I desperately used credit cards to pay off college since financial aid didn't cover it all so now I owe around 4,000 in debt. What is the best thing for me to do, since all of the accounts are closed, is there a college student credit card debt consolidation loan or?

This happens all the time to college students, credit card companies prey on people just like yourself. I don't recommend debt consolidation. It can back fire and make things worse for you.

Don't ruin your credit score by ignoring the problem. Whatever you do don't be late on any of your payments. Maybe you can pick up a part time job to pay it off. I do credit repair for a living, and you do have other options. If you respond maybe I can help you with this issue. I need more information. Best of luck

2008-06-04 03:00:16 by JJ1231

Sanyika Calloway Boyce's appearance on "In the Loop with iVillage"

I have about 3,000$ in credit card debt and I am a student in college and I cannot pay off all of this while working very little in college. I can't get any loans either even with my parents cosign because they have bad credit. I am stuck in a very bad situation and i called both collection agencies and they want 100$ each for a payment plan and I can't afford that. I need help, what are the options for a 20 year old with bad credit to be able to pay this off?

Pay what you can each month. They can't do anything if you are making some kind of payment. Don't let is stress you. This is such a common problem with college students because the banks love taking advantage of you!!! Hang in there. It will get better.

2008-08-01 14:05:39 by JJ1231

Price: $14.95

I have had about $900 C.C. debt for almost a year now! I am in college and only work part-time at a crappy minimum wage job right now. I am looking for a full-time job for the summer, hopefully I will get one soon. Just wondering what my payments should be if I want to get out of debt in a reasonable time? As soon I am done with this debt, I am cutting up my credit card. I learned my lesson!!!!!!

I would suggest first looking at your expenses and try cutting some costs. Try to come up with an extra 100 dollars (ex. Don't eat out as much, carpool, bring lunch to work).
Next take all other payments you are making to other debts and bring them down to the minimum payment. The next step is to apply all the excess that you were paying and the extra $100 you came up with towards the credit card. As soon as you do this you will see a significant difference in your balance. Once that card is paid off, take all that money that your were applying to the credit card and pay off your next debt. This is a great way to quickly get out of any kind of debt.

2006-05-27 00:05:28 by AO

Price: $9.99

I have a total cc debt around 1600. One is on a captial one card, the other is a wamu card, The wamu should be paid off by december, because I'll be back in school and on work study, My textbooks are also pretty cheap, I think the total will be around 100, I get a book check for 350 so I should have some left over to put toward the wamu bill. The thing is I need school supplies and new clothes.

I'm thinking of spending around 200 dollars on school supplices, clothes and snack foods. For this semester, Half of all my work study check I get will go directly toward the wamu bill and it will be paid off by december or sooner.

So what do you think?
The 500 on the wamu is because of a summer course I needed to take.

Make sure you make good on that Wamu card payment.
Honestly right now school supplies = yes
New clothes = no. I'm sure you have clothes that you can wear until your debts are paid off. It's not wise to buy anything that's not necesary in your circumstance. Your $1600 can and will easily inflate into much higher numbers as interest is contstantly being accrued. Pay off what you can ASAP and don't buy any clothes, eat out or anything uneccesary until you do. Easy on the snacks and learn to cook and bring brown bag lunches to class.

2008-07-29 06:13:03 by Kyuubi NineTailed Fox

Credit card(s) only! Not student loans and other loans.

Me: $3000. But I'll be able to pay it off by September with money saved in my savings account! Whoo-hoo!

About 4800. 2000 of it is from moving somewhere though w/out a job for 2 months.

2006-08-13 19:13:00 by euges116