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Student loans after BK

TeamOfEight
Established Member

Student loans after BK

I am preparing to file bankruptcy (chapter 7).

I will likely have 3 student loans survive ($1,650, $1,767 and $36,074). They are on income-based repayment with $0 due monthly.

Will these count as installment loans for my rebuild, even though I don't have to pay monthly? They still report positive monthly.
Message 1 of 3
2 REPLIES 2
calyx
Super Contributor

Re: Student loans after BK

Yes, one of the joys of an IBR $0 payment is that they count both towards your credit report/scores and potential forgiveness.

F8 EQ: 807 | EX: 785 | TU: 790 | Accounts: 1/6 3/12 6/24 | Reporting: AZE8
Happy practitioner of AZE7or8or9or10 | Team Finances > FICO
Message 2 of 3
TeamOfEight
Established Member

Re: Student loans after BK

Thanks for the quick reply!
Message 3 of 3
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