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I totally understand someone who can't pay back the student loans. But please--try to do it right. Right now student loans are not subject to discharge in ban
by marincounty 13y ago
I totally understand someone who can't pay back the student loans. But please--try to do it right. Right now student loans are not subject to discharge in bankruptcy court. Before you ruin your credit: obtain as many credit cards
as possible. It might take a few years to obtain the amount of credit you need. Then pay off you student loans
with their money. Wait awhile--then do your own bankruptcy.
(I have no sympathy for credit card companies. They have
a lot in common with Loan Sharks.) (One other thing--If you pull off this caper, remember just how terrible you
felt when you were in trouble.)
- Pinckney 13y agoSome googling suggests that this is fraud, and that the courts will recognize what you're doing and refuse to discharge such credit card debt. E.g.: http://www.nolo.com/legal-encyclopedia/will-bankruptcy-rid-cash-advance-used-pay-off-student-loan.html http://www.nolo.com/legal-encyclopedia/will-bankruptcy-rid-c...