I have mounting debt mainly due to student loans (whihc I would liek to pay seperate) but everythign else from credit cards and phone bills etc is very hihg close to 15,000. I want to consolidate so ic an make monthly payments to all of them and try to save my credit. any good place u can recomment that will no charge me a high interest rate or take too much profits away?

Since I can’t consolidate my private loans under the a federal consolidation loan, should I take out one big private loan? Or should I consolidate my federal loans under one loan, and consolidate my private under another? Also, am I able to take out more than I need on a consol. loan and pay off my credit cards with it? Can it technically be done?

I have approximately $25,000 in Federal student loans and $65,000 in Private student loans.

I just graduated and I start a new job tomorrow that pays $40,000/year. I never established any sort of credit in college.

I just moved here and in order to get an apartment and to get an auto loan they had to look up my credit score, and my parents had to cosign for each. For the electric bill they had to look up my credit score and finally in order to get a secure credit card they had to look up my credit score.

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Hey there. I graduated with a B.A. in psychology and a minor in creative writing in May, and I have been using CareerBuilder and other job sites ever since to find somewhere to start. I have also gone to a few lackluster career fairs and have been scouring the listings in newspapers. All of my work experience falls under grocery and fast food, your typical summer or part-time any man’s job, so even attaining a simple retail management position is hard, as they often require management experience. I finally just took a job as grocery night crew for 7.90 an hour because I need cash.

I am in a bind, however, because I have no savings account at all and know that my psychology degree isn’t even what I want from the money invested into my education. I had changed my major from programming to environmental science to mass communications- recording arts track, to English, and finally to psych. Then, during my junior year when money and time prevented me from switching again, I lost interest in the field and the lack of opportunity with such a weak degree (in salary comparison to other Bachelors attainable). Therefore, with no savings and only 7.90 an hour, plus student loans coming frighteningly soon, I can’t expect to go back to school for a long time. All I know is my interests rest within the media and recording arts fields, as well as the marine sciences and meteorology.

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If one pays off federal student loans with a credit card, and then is delinquent on the card and the creditor charges it off…..

May the card issuer get the IRS to pursue the debt on its behalf as this debt was originally a federal student loan?
OR
Does the fact that they were federal loans not matter since the loans were paid off through the card and the lender of the loans, its gaurantor and the IRS are now OUT of the picture, as it became a regular credit card debt, in which case one would ONLY have to deal with the card issuer (and its collectors) as any other credit card debt?
I know that crad rates are higher and that consolidation of loans is good. I have already done that.
I am NOT interested in all that.

I only want to know what may happen once the card that was used to pay off federal student loans is charged off?
Is it like any other card charge off or not.

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