What's more crippling: credit card debt or student loan debt?

[CodeBlaMeVi]

Clearing my credit card debt now. I gotta card kicking my tail. Once I pay the ones I have off, I’ll wait to get another one.

Student loans are a mofo but they’re more flexible and longer out.

Everyone else want their money. I just got under $10k for my car loan.

A $12k car costing me like $20k.

Got it at an APR of 15+% but had it refinanced to 9 which is still bad but way better since I’m eating at the principal more.

 

[Seoul Gleou]

cc debt. interest rates are higher and missing payments kills your credit score. ruining your chances to access things like mortgages, car loans and other borrowing at a decent rate.

student loans just have a higher amount but the interest rates are lower and repayment is more flexible. credit card debt should be avoided at all costs

 

[King Frost]

both of them are voluntary

 

[Amor fati]

I'd say credit card but in the long run student loan will catch you.

 

[Family Lives Matter]

I have parents who love me so they taught me not to buy stuff I can't afford.

 

[Swirv]

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.

If you make a payment it resets.

 

[Tribal Outkast]

Student loan debt and it's not even close

This because it’s so easy to get. You have to jump through hoops to get a credit card unless you have A1 credit

 

[patscorpio]

credit card debt

 

[Gold]

Student loan debt and it's not even close

What?

How dis this get so many daps? Have you seen credit card interest rates????

 

[Originalman]

If you make a payment it resets.

A payment of if you answer them. So for example you owe 10k to chase credit card. You never pay them and they sell that debt to a creditor. You hide from the creditor for 6 years and never return their calls. That creditor then sells that debt to another creditor who then calls you. You answer the phone stating that it is you who holds that debt.

So instead of the debt falling off on the 7th year. It now resets and will be on your credit for 7 more years.

 

[Gold]

This because it’s so easy to get. You have to jump through hoops to get a credit card unless you have A1 credit

 

[Amor fati]

both of them are voluntary

facts

 

[newarkhiphop]

student loan debt is the only debt that you can't file for bankruptcy.

that's your answer.

 

[ba'al]

 

[Tribal Outkast]

My credit was fukked up lol. I’m good now though. nikkas out here going to McDonald’s State University easily taking out student loans crippling their debt. People actually get turned down for credit cards.