Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Mikey C asked in Business & FinanceCredit · 1 decade ago

Question about student loan repayments?

What options do u have if u cannot afford to make student loan payments? Would consolidation be a wise thing with 3 seperate student loans? Plus they are not federal student loans, my mistake there. I really need some good advice, I worry myself almost everyday. Payments don't start till after Christmas.

Update:

Before any goes and tells me to get a job again. I work over 40 hours a week. I do have a job. I worked while going to school too. I am just looking for a way to not mess up my credit and be able to pay my loans.

6 Answers

Relevance
  • csanda
    Lv 6
    1 decade ago
    Favorite Answer

    Your options:

    1) Get a job and quit spending so much money. If you can't afford it, make it so you can afford it.

    2) Delay it. If you can consolidate your loans and roll them forward with another loan, then that's an option to delay the payments. However, this is dangerous. Your past history of getting into trouble is indicative that the same thing will happen when the bigger loan comes due. If your parents can afford to bail you out, it's best to eat crow and see if you can get a loan from them. If that's the case, then tell them you screwed up, you learned your lesson, you have a plan to get out of debt (e.g. job, a budget that you've already started and are sticking to).

    3) Default. You can default on your loans, but this is very, very bad. Student loans (and taxes) are the two things that don't go away - ever - even with bankruptcy. You will still owe the money and you sabotage your credit permanently. If you want to ensure that you can't buy a car, never qualify to buy a house, get rejected on apartment rentals, get screwed on credit card interest rates.

  • Anonymous
    5 years ago

    they would be there, waiting Mwaaaa haaa haaa haaa (cue ominous thunder)! heavily however, you will desire to ask your loan provider what the best thank you to proceed money from distant places. as quickly as I went to England for 2 years on a working trip visa, i replaced into able to easily mail own cheques (in kilos sterling) returned to my economic organisation account in Canada and my loans have been quickly deducted from there.

  • Anonymous
    1 decade ago

    why don't u get a job and pay ur student loans.

  • Anonymous
    1 decade ago

    this site help you to get many types of loan details.visit

    http://www.freewebs.com/***********

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Could you not work for a while?

  • Anonymous
    1 decade ago

    You can defer them.

Still have questions? Get your answers by asking now.