Does consolidating student loans affect my credit score
The student loan market is massive and keeps on getting bigger every year.
Part of this is due to the rising costs of college tuition and part is due to the number of people attending college.
For instance, if you have a 30 year repayment period on your loans, you’ll need to show that your financial situation could not improve over the next 15 years.
This type of bankruptcy makes it possible for most of your consumer debt like credit cards, store accounts and medical debt to be completely wiped out.
Your bankruptcy trustee will collect a payment from you each month and then pay your creditors for you.
The main purpose of getting involved with this bankruptcy option is so that you can get the protection of the court and avoid being sued by your creditors.
Once scholarships and grants have been explored, many people turn to student loans.
Student loans can help provide the funding that you need to get to college and obtain the education that you require.