Is it a good idea to go through a debt settlement program if in the future I’ll need private students loans?

I was worrying that I wouldn’t be able to get private student loans in the future. I am a full time student now and my credit card debt is out of control. My only way out is through debt settlement. I hear it will affect my credit score badly–something that the private loan companies look at. Any advice?

Comments

  1. rabitt81 says:

    Student loans are one type of loan that cannot be forgiven in bankruptcy. For that reason lenders are much more likely to give them to people with bad credit.

    Is there any particular reason that you need private loans as apposed to federally funded ones. Federal loans are usually easier to get and have lower interest rates.

  2. ANNIE OAKLEY says:

    I used a company 5 years ago and still owed them 8000 after
    5 years!!! and today a debt company is still trying to collect and garnish my wages. They wont honor my contract with Take Charge America. The lawyer fee have cost me 3000.00
    for fighting this 6 times.

  3. Dewey H says:

    Yes Debt settlement service is the fastest and cheapest way to achieve debt freedom, with a low monthly payment. Debt settlement, also known as debt negotiation, is a form of online debt consolidation whereby a debt settlement professional, on behalf of that individual will negotiate with the creditors to reach a reduced payoff balance on their debts and that will cut your total debt, sometimes over 50%, with lower monthly payments. If you are consistent in your payment it is going to help to raise your credit score..

    Here is the source of a debt consolidation company named http://ezconsolidation.com for your reference

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