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

[MoveForward]

How was she so broke? I thought you could lower loans with a repayment plan based on income?

How much was she paying then?

She said it was based on how much she made and she couldn't get anymore forbearances.

 

[Sad Bunny]

She said it was based on how much she made and she couldn't get anymore forbearances.

She could get on an alternative plan.

There are other ways.

Or defer that shyt like my coworkers have done for years lol

 

[Balla]

She said it was based on how much she made and she couldn't get anymore forbearances.

Damn how much she owe?

 

[richaveli83]

Student loans! Credit card debit can just be ignored and can drop off after 7 years. Student loan debt will never go away until you either pay it off, disabled to the point you can't work, or you die. I even heard that even if you do die then they loan debt will go to next of kin. I don't know how accurate that is though.

If it wasn't for me being a veteran and the G.I. Bill I would be owing nearly $30,000 in student loan debt.

 

[filial_piety]

I could be mistaken but I believe even if you claim forebarance, the interest that you owe continues to accumulate.
Student loans literally have the potential highest income earners in the future saying "I'm not sure I can even have kids, and I'll probably never buy a house"

Just think about that.

I have an ex coworker who's an attorney, and she went on a rant on FB about how she and her kid live in a small 1 bed room apartment in NY, and she's been paying her law school loans for 10 years and now owes more than when she started ...like wtf is that??

 

[The Radiant One]

After I graduated and got my own place, I walked to work and saved more than $10K. I bought a used car straight cash. Thought I was winning because I didn’t have to worry about monthly car payments.

Six years later and I’m constantly paying for repairs on that POS and car insurance, so much so that I might as well have a car note. Looking back I should’ve just leased and used the $10K to help pay off my loans quicker.

But you live and learn smh

No you did well six years for a 10k car is a steal. The thing is you need to use the money that you would have for the payment to buy a better car in cash

 

[Greenhornet]

Whats crazy is people are basing credit card loan shyt on people that fukk up really bad

To fukk up that bad you shouldnt even be in the convo of what's right and wrong thats like saying a honda civic is super dangerous because people drove it 165mph and died
most people arent doing that ... stop it

 

[dark_magic]

Student debt.

Student debt, generally, is not dischargable in bankruptcy.
Furthermore, the federal government can garnish your tax refunds and even social security to pay for unpaid student loan debt.

Credit card debt is better (and safer) than student loan debt, in my opinion.
In fact, I leveraged credit cards to pay off my student loan debt.

 

[Womb Raider]

Ugh man I have both

~45k in student loans
~5500 in private loans
~2500 in cc debt

My plan is to pay off the cc, then attack the private loans (I make monthly payments on both rn) then take on the regular student loans. Only thing in the way of my plan is I have to move July 31st, right now it’s a struggle making payments, paying bills and saving to move had to revaluate my plans and cancel my birthday trip but it is what it is