depends on how much and what the interest rate is like.
What's more crippling: credit card debt or student loan debt?
- Thread starter Sad Bunny
- Start date
And that shyt is revolving.These brehs confused man.
If you would rather have 50k in credit card debt vs student loans.. get ready forn7 years of hell
You cant even buy a car, get a new phone, get an apartment with that level of credit card debt
So it's easy to pay it then use it right away smh.
Wink Beaufield
Superstar
Man both suck. Student loans can't be discharged in bankruptcy but you can get deferments and rate reductions. High credit card debt can fukk you over with those high interest rates and tank your credit score into the 500s which will put your ass into a perpetual debt trap. You out here tryna buy a car with a 500 credit score and them dealers will slam you with 25%+ interest loan from the jump. Apartments are now doing credit checks to weed people out as well. You can hang it up with a house at this point.
OneTimeforTheMind
All Star
Student loans by far they can take all your assets if you have any.
Credit cards the worst they that can happen is you just cant get more credit. At least shenbyou file ch. 7 bankruptcy the credit card.debt is erased from your record.
Students loans if you file for bankruptcynand still remains on your record
Credit cards the worst they that can happen is you just cant get more credit. At least shenbyou file ch. 7 bankruptcy the credit card.debt is erased from your record.
Students loans if you file for bankruptcynand still remains on your record
These brehs confused man.
If you would rather have 50k in credit card debt vs student loans.. get ready forn7 years of hell
You cant even buy a car, get a new phone, get an apartment with that level of credit card debt
More misinformation did you know that you can file bankruptcy and have good credit in 2 years but you know what wont go away even if you file bankruptcy STUDENT LOANS 
also how many times do you buy a car/house that's really all you need your credit for so if you had a decent car you can be just fine for 7 years if need be. In reality even if a card charges off if really only affects your score initially and over time it will get better. Oh and apartments only look for evictions my guy and even if your score is low they may month to month you or ask for an extra deposit but you know what will still be on your credit after 20 years STUDENT LOANS 
I have purchased cars 4times in my life and a house once. All of which can be potentially impacted by the amount of.credit card debt you have, regardless of if you are making payments or not.
Student loans have not factored jnto that once for me.
What part of this do.you find difficult to understand? You keep on talking about the fact that student loans dont go away. We are talking about crippling, ie things actually impacting you.
What things have you done in your life that were made more difficult due to the amount of student loans you have???
Please inform me
Yall over here talking about bankruptcy, like that aint the fukkin epitome of an edge case 
"Ill just declare bankruptcy to get out of credit card debt. Ez
"
Yeah tell.me how that goes... bankruptcy isnt crippling at all
Thecoli.com where everyone is making 6figures and everyone is simultaneously on the verge of bankruptcy
"Ill just declare bankruptcy to get out of credit card debt. Ez
"Yeah tell.me how that goes... bankruptcy isnt crippling at all
Thecoli.com where everyone is making 6figures and everyone is simultaneously on the verge of bankruptcy
zerorequiem
All Star
Think about it. Student loan debt is the only debt you can't bankrupt. They'll forgive everything but student loans. College books are another scam as well. How can editions of a book change semester to semester? Is there a way to see what tuition payments pay for at the school?
I've seen people come out of bankruptcy not even two years later with new cars and credit cards. Now houses you will probably have to wait longer. Student loan debt does factor how much house you can afford though.
I've seen people come out of bankruptcy not even two years later with new cars and credit cards. Now houses you will probably have to wait longer. Student loan debt does factor how much house you can afford though.
Right lolYall over here talking about bankruptcy, like that aint the fukkin epitome of an edge case
"Ill just declare bankruptcy to get out of credit card debt. Ez
Yeah tell.me how that goes... bankruptcy isnt crippling at all
At least you can pay a student loan and the balance stays down.
A credit card can be paid off the ran right back up
Loans because you can chip away at the cards, move the balances to other cards with zero interest to start and get rid of the card once you pay it off. And no one is forcing your hand to get/use these cards.
Be smart with it and build credit. Use it, but some shyt you can afford and pay if off completely as soon as possible.
These loans, however, will eat you alive and it’s like you always “need more” since damn near zero students get just one semester of loans and they are good after that.
Be smart with it and build credit. Use it, but some shyt you can afford and pay if off completely as soon as possible.
These loans, however, will eat you alive and it’s like you always “need more” since damn near zero students get just one semester of loans and they are good after that.
I wouldn't use these people as a positive financial example breh...
they sound like they heading from whence they came
zerorequiem
All Star
I wouldn't use these people as a positive financial example breh...
they sound like they heading from whence they came
Oh most definitely I'm with you on that breh. I was just referring to credit card debt and student loan debt side of it.
1. If you're credit is bad, good luck getting a 0& APR card.
2. If you have a high balance your credit cards minimum payment could be out of control.
3. Student loans will allow you to do income based repayment or extend that shyt for a small payment until you die basically.
These cards be killing people.
So what happens if he doesn’t pay that 100k and gets bankruptcy?
Won’t it just go away?
