Nov
18
If I put all of my student loan debt on a credit card, could I cancel this out by declaring bankruptcy?
Filed Under Student Loan Debt
migueljuan asked:
I currently owe $45,000 in student loans and I am having a hard time paying them off. The loans are private (sallie mae) and I am not elligible for consolidating them via federal loans since I am not a US citizen. I was not able to get a visa so I had to leave the US. I live in Europe now.
I currently owe $45,000 in student loans and I am having a hard time paying them off. The loans are private (sallie mae) and I am not elligible for consolidating them via federal loans since I am not a US citizen. I was not able to get a visa so I had to leave the US. I live in Europe now.
I understand that declaring bankruptcy would not cancel out the student loans, but I have read that bankruptcy could cancel out credit card debt. I have a good credit score (790), so given some time, with an even higher credit score, I may be able to transfer my loans to a few credit cards.
What are the laws regarding credit card debt and bankruptcy? What difference does it make that I am not a US citizen and do not live in the US?
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2 Responses to “If I put all of my student loan debt on a credit card, could I cancel this out by declaring bankruptcy?”
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Eerst en vooral, zou u gevangen worden en dat wordt beschouwd als fraude.
Ik zou adviseren u niet te gaan op die manier. Je zal dat merk tegen je voor het leven. Praat met uw student lening schuldeisers en vertel hen dat je doet het echt hard. De meeste zullen begrijpen en helpen u komen tot een betere regeling die geschikt zijn voor u beiden. Ik heb in een vergelijkbare positie voor u en werkte ik een oplossing met mijn schuldeisers. Misschien kun je praten met een financieel adviseur die kan je verschillende opties. Succes.