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How should I handle my loans

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Anonymous
Not applicable

How should I handle my loans

I have $67,000 in student loan coming out of forbearance at the end of December, I plan to consolidate my loans. I also will be filing BK this month an was wonder if I should consolidate now or wait until December after the BK?

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: How should I handle my loans

Without knowing more about your finances, it may be beneficial to file when your student loan payments are higher (pre-consolidation?). This MAY help you with showing a limited ability to repay your dischargable debts.

 

Either way, your lender(s) will likely stop payments between filing date and discharge.

Message 2 of 3
pizza1
Community Leader
Super Contributor

Re: How should I handle my loans

I would agree with poster leoneI9....I would consolidate after you file. The higher payments will help in the means tests to qualify.
Message 3 of 3
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