Student Loans For Credit Cards

[Balla]

I've racked up some debt with credit cards because shyts tough outchea. I'm making all my payments and shyt, buy my main problems are these 2.

1. Instead of paying all of this money monthly, I could use student loans to put that on hold, and use the money for something else, and I can make smaller payments on my student loans while I finish up school.

2. If you don't pay your credit cards, you're credit gets fukked! There's many times where I had to quit jobs because of bs, and used a lot of my saved money on credit card bills. Also what if you don't get lucky and get a job? Your credit will be fukked.

I also can make my credit score higher by erasing the credit card debt, I can have time to focus on a career while my debt is on hold.

I mostly used my credit cards to live when I left certain jobs for a while, but I can't take the payments anymore, it's too much stress for me.

I'm asking yall because maybe yall might know something that I'm missing. I always heard it's bad to pay debt off with debt, but fukk this shyt real talk!

 

[TRY GOD]

Don't pay debt, with debt, breh.

Credit you can fix. school loans are like slave shackles, do you need to bust free,breh

 

[Standing on business]

American story

 

[Henri Christophe]

Yall Motherfukkas love debt. I swear.

 

[hayesc0]

Yall Motherfukkas love debt. I swear.

Welcome to America lol.

 

[Henri Christophe]

Welcome to America lol.

One day, everything just gonna collapse and go to shyt.


How long can this sustain?

 

[Balla]

I guess that's a no lol. Doesn't hurt to ask lol.

 

[-DMP-]

you are just transferring and post poning the debt if you do that, on the hopes of having more money in the future than now.

honestly, just hack your budget, eliminate or scale on everything possible.

rack and stack debt, from lowest balance to highest balance. pay minimums on all the debt except the one with the lowest balance.

Take the extra money from step 1 and 2 and focus that on the lowest balance. once you pay that off, take that payment money and combine it with the minimum payment of the next lowest debt. rinse and repeat.

Could also look into 0% apr balance transfers but that takes discipline and financial stability.

 

[Numpsay]

Don't do it breh, what is likely to happen is you'll clear your credit card debt, but then starting charging shyt again because its cleared. Then at the end you'll have 2 debts on your hand, your student loan debt and your new credit card debt to pay back.

 

[hayesc0]

One day, everything just gonna collapse and go to shyt.


How long can this sustain?

Good question i really dont know im working to fix my shyt now. Had great credit until i was 27 31 now. Thankfully im trying yo fix my shyt now.

 

[Balla]

How much extra should I put on the lowest balance?

you are just transferring and post poning the debt if you do that, on the hopes of having more money in the future than now.

honestly, just hack your budget, eliminate or scale on everything possible.

rack and stack debt, from lowest balance to highest balance. pay minimums on all the debt except the one with the lowest balance.

Take the extra money from step 1 and 2 and focus that on the lowest balance. once you pay that off, take that payment money and combine it with the minimum payment of the next lowest debt. rinse and repeat.

Could also look into 0% apr balance transfers but that takes discipline and financial stability.

 

[-DMP-]

How much extra should I put on the lowest balance?

All you can possibly afford. You’ll have to look at your budget and see what you can go with out and what you absolutely need. The more money you can sacrifice, the better.

 

[Balla]

Yall gotta understand nikkas do have ups and downs in life.

A huge majority of my credit card debt was spent on bills, food, repairs, etc.

That's why I said I have to work full time and go to school full-time.

By me not working full time while in school I have all this credit card debt.

And it's especially hard when you have to leave a job for months and you have to use your credit to pay all of your bills.

I'm going crazy right now with these cards, I never planned for this to happen! fukk debt!!!!!!

 

[Balla]

Good advice bro.

All you can possibly afford. You’ll have to look at your budget and see what you can go with out and what you absolutely need. The more money you can sacrifice, the better.

 

[Shorty K]

No debt worse than student loan debt. All paying a credit card off with a student loan does is give you a debt you can't get rid of if it's in your best interest to get rid of it.