Whats worse???

Whats worse....student loan debt or credit card debt??? I ask because I have about $75,000 in student loan debt, but have no credit card debt or anything like that (no car note, no children, etc.). I know a lot o people have a combination of both, but not $75,000 in loans, so is my life doomed with debt forever????

Whats worse???

Credit card debts are worse because the interest rates are high. With student loan the interest rate are lower and you can get extension to pay for it. Good Luck

Whats worse???

Debt, is debt... as long as your repaying those loans back on time it shouldn%26#039;t negatively effect your credit ... just maybe your debt to income ratio... make sure your on a payment plan...

Whats worse???

Credit card debt is worse because the interest rate is so very much higher. You will have 10 years to pay off your student loan and the interest rate will stay low. You are not doomed to debt forever but when yoou start to pay the loans off try to pay $50 or $100 more each month and you will pay it off sooner.

Whats worse???

You are not doomed. As long as you commit to spending less than you earn, you%26#039;ll always succeed financially. Get on a budget and pay cash for everything. Throw all of your financial effort into paying off that student loan. When the loan is paid off, you can start saving for the future.

Whats worse???

Credit Card debt is worse because there%26#039;s rising interest on it as years go by. Most probably your student loan has a fixed rate. Sure you%26#039;ll end up paying more than 75,000 but it won%26#039;t be as bad if you owed it in credit cards.

When you get a stable job or steady income you can always set up payments with your school.

A friend of mine also put herself in debt with school sure it%26#039;s a good school, but the drama afterwards... calls, mail, harrasment is ridiculous.

good luck.

Whats worse???

Whichever debt has the highest interest rate is the worst, with the exception of a mortgage, because all the interest you pay is tax deductable.

If your loan rate is high then credit card debt is preferable.

As far as repayment goes, if you are trained in an industry that pays well it won%26#039;t be a problem. But it%26#039;s a lot of money to repay if you make 30K a year. 100K would be much more comfortable, and it%26#039;s not an unreasonable salary these days.

Whats worse???

based upon your condition,I think you should find something useful here.http://studentloan.online-helpers.info/c...