Archive for the ‘student’ tag
Student Loan Bankruptcy
Should i still file bankruptcy even when i own a student loan is it worth it?
my loan is 3000 and a lawyer told me thet can wipe out everything except that loan,will my credit score be any better…is it worth it?
Do not file bankruptcy if you can possibly avoid it.
Yes, the filing clears off your credit report listing in seven years and general inquiries won’t see it, but the record stays out there permanently. If you ever have to apply for financing in the future, the application will ask “Have you ever filed for bankruptcy?” and you must answer “Yes”
Bankruptcy is forever.
Student loans are backed by the US government so they are often exempt from bankruptcy and you are still required to pay them back. The student loan people go out of their way to make it easy to pay loans back. You can adjust your repayment terms yourself through their website any time you want.
Student Loans Bankruptcy