What's more crippling: credit card debt or student loan debt?
- Thread starter Sad Bunny
- Start date
DJ Paul's Arm
Veteran
There's statute of limitations on CC debt.
Student loan debt is
Student loan debt is
If its the same amount of debt....then credit card debt cause the interest rates are higher.
A student loan debt can be 5% to 8% (private student loans are up in the 7 or 8 percent range).
But a credit card interest rate can be from 15% to 27 or 28%...
So if you owe 30k in loans I pray it is student loans instead of credit card.
One more thing with student loans you can take a forbearance or deferment or even go to school to stop payments.
You can't do that shyt with a credit card loan.
A student loan debt can be 5% to 8% (private student loans are up in the 7 or 8 percent range).
But a credit card interest rate can be from 15% to 27 or 28%...
So if you owe 30k in loans I pray it is student loans instead of credit card.
One more thing with student loans you can take a forbearance or deferment or even go to school to stop payments.
You can't do that shyt with a credit card loan.
letti cook
Superstar
credit card debt killing me right now
them interest rates
ima a few months away from getting these student loans up off me tho
them interest rates
ima a few months away from getting these student loans up off me tho
There's statute of limitations on CC debt.
Student loan debt is
Good point. You can just never pay on a credit card. Then hide out for 7 years and never answer any calls or mail from the creditors.
But if you ever answer that mail or phone call that shyt resets.
Mr Hate Coffee
Veteran
Credit card debt. The interest rates are higher plus student loans are considered good debt.
Nobody is out here campaigning on forgiving credit card debt.
Nobody is out here campaigning on forgiving credit card debt.
Yea definitely this... well until my girl Liz come thru in 2020 and wash that shyt for us
Lizzie gets bizzie
Lizzie gets bizzie!!!!
Dafunkdoc_Unlimited
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I'm just here to gloat since I have neither types of debt.
Paid for my degree outta my own pocket and only use CC's for emergencies which, fortunately, have been few and far between.
Paid for my degree outta my own pocket and only use CC's for emergencies which, fortunately, have been few and far between.
credit card debt killing me right now
them interest rates
ima a few months away from getting these student loans up off me tho
I’m almost done wiping these credit cards, I’m literally putting my student loans in forbearance.. then paying the minimum in hopes that whoever is elected pass some type of legislation to hold a nikka down. That would be like a 30k gift from the heavens
humminbird
Veteran
student loan debt.
You're told by mostly everyone you should go to college.
No way to get rid of it except for paying it off
Credit card companies stop giving you money if you have a large balance. loan companies will pile on until your dead and ask your relatives for the money back.
You're told by mostly everyone you should go to college.
No way to get rid of it except for paying it off
Credit card companies stop giving you money if you have a large balance. loan companies will pile on until your dead and ask your relatives for the money back.
Student loans. Those shyts are insurmountable
For most people probably.
But I knew not to go out of state or somewhere expensive at an early age so I guess I got lucky.
In my experience credit card that was the worst
filial_piety
Banned
student loans and it's not even close. Student loan debt is literally keeping a generation of people from having families, buying homes and other big ticket items that will eventually cause a major economic catastrophe.
