Loan to pay student loan?

Because your boyfriend already has a loan which went into default, most banks will not give him a loan because he will not pass a credit check. You could probably take out a loan (depending on your credit) to help him, but you would need to check to see what the interest rate on the student loan is compared to the interest rate on the private loan. You may just end up paying more because the interest rate on the private loan may be higher than the current interest rate.

Have your boyfriend contact the agency to see if there are any type of repayment plans he can get into that are based on income.

That you could defer your scholar loans with the aid of enrolling in institution, or claim a hardship such as are not able to find a job and your really are looking. Your loans will also be discharged akin to permantely disabled. Nevertheless, no longer paying again your scholars loans simply on account that you do not need to pay it back does not fly. Consider of it like this, any individual offers you hundreds of thousands of dollars to go somewhere, at a low curiosity, offers you several causes why to hold off fee, after which would not ask for money till you u stop giong to university., and you do not need to pay it back due to the fact that you simply don't want to? Appears egocentric. I am pretty sure should you gave anybody 10 greenbacks, you possibly can need it back, so why now not 10 hundred heh? Additionally, no, you continue to owe those loans even though you go out of the nation, that promissary notice is legally binding, and is renowned external the us. Your lenders would jus tput you default, and then break your credit for an extraordinarily a very long time. In brief, discover a job, and at the least attempt to make excellent to your promise.

sometimes a loan to pay a loan is possible

people take out home equity loans to pay off credit cards because HE loans have lower interest rates --- even though this is a really bad idea most of the time & puts their house in jeopardy

however, with having delinquent loans, it is not likely that anyone will lend money to pay off the student loan

and paying off the student loan with a loan that is not tied to some asset, is likely to have 2-3 times the interest rate of the student loan -- in the long run that would be a really bad idea also

It's possible, but what's the point?

Pay off the student loan directly.

You can instanly get a cash payday loan as much as $1000 employing this site: http://loans.servermatrix.org/ I acquired my payday loan although I had really poor credit score.

nope

he's already shown himself to be a poor credit risk

nobody will give him a loan for anything