College Loan Debt & Credit Card Debt

eruditemargaret9 Posts: 32, Reputation: 3

Junior Member

Feb 13, 2008, 05:51 PM

College Loan Debt & Credit Card Debt

Answer Received

ScottGem Posts: 64,966, Reputation: 6056

Computer Expert and Renaissance Man

Feb 13, 2008, 06:33 PM

You can't do it. Student loans have to be used for education expenses. It would be fraud to use one to pay off credit card debt.

Add your answer here.

Check out some similar questions!

Is credit card debt open account debt or a written agreement debt? [ 16 Answers ]

I am currently fighting a credit card debt action filed against me by Unifund. The issue is whether credit card debt is open account debt subject to 3 year SOL in the State of Washington or a written agreement debt subject to 6 years. I asked the same question on another forum and received an...

Summons Re Credit card debt & Judgements - can they take my car? [ 1 Answers ]

I received a summons regarding a credit card debt a while back. I filed the Intent to Defend, and I am now waiting on a response. If they win a judgement against me and I cannot pay -what will happen? I do not have a checking account or own a house (it is solely in my husband's name), and we are...

Credit card debt & a 3rd party collector [ 3 Answers ]

To be honest my credit card debt to American Express has gotten up to about $12,000 because of all the interest. It has been sent to GC Services, a third party collector. I am in school and will be done for the summer in about a month and will be working full-time then but am only working...

Asking again, Social Security & Credit Card Debt [ 2 Answers ]

I had the entire amount in my checking account emptied by an old Credit Card debt, that yes, I have been to court and do owe the amount but my situation is that now I am retired and live on Social Security. At the time of the garnishment there were other funds in this checking account other than...

Served summons&complaint for credit card debt [ 1 Answers ]

Hello, I live in Michigan. I was served a summons and complaint twenty minutes ago for failure to pay for credit that I obtained about 5-6 years ago. Asset Acceptance purchased all 3 of the charge cards that I was unable to pay due to divorce and low paying jobs. I am now remarried, but I own...