I have bad credit and student loans…help?
I have bad credit and alot of student loans. I have thought of bankruptcy but that dosn’t cover my student loans does anyone know of any banks or credit unions that would give a loan big enough to pay off all of my debt so that I could make just one payment a month. I have tried a credit consolidation place a long time ago and they stole the 700 dollors that I sent to them so I will not do that again and like I said before I won’t file for bankruptcy. I don’t eat out I don’t smoke and I don’t drink starbucks. So please don’t tell me to live cheap.
Now that you’ve learned your lesson on credit counselors I have a solution that you won’t need another loan and will be able to pay back your credit cards and student loans on time. It will even boost your credit scores up. It is:
Start paying all your credit cards and student loans bi-weekly. Just take the minimum payment, lets say $50, split that in half. Now it is $25 then in 2 weeks you pay the other $25. You keep on doing this and you will see your debt shrivel up to zilch in no time. Just make sure you get a seperate calendar and mark it with what you are going to pay off every 2 weeks. When one bill is paid off then take the extra money and use it to pay off the other bills.
To save money is easy too. Make a triangle and start on the lower left hand corner and put down $10. Then from there double the amount each time you go up the triangle. So the next amount would be $20, $40,$80, $160. Let’s say $160 is at the top and the other side beginning with the top you put $160, $80, $40,$20, $10. You do this repeatedly and in 3 months you should have $1500 or more depending on what you can afford.
