I’m Here on a Green Card and Need to Consolidate My Credit Card Debt

By on January 26, 2017

Question:

Dear Steve,

I came into this country as an international student for the purposes of attending college. I did not have a job and I couldn’t work legally because of my status. I did odds and ends jobs to survive because I had tuition to pay and also I was living alone as I did not have help. I racked up tons of debt both credit cards and student loans with the help of a cosigner. I am presently paying my loans with Navient and I also became a green card holder. I am part of the NYC teaching fellows and I work full time in a public high school.

I would like to know how can I go about consolidating my credit card debt into one payment. I am in grad school and still pay a small amount for my degree and I also have rent, bills and student loans with Navient of about $589 a month. Any kind of advice would be greatly appreciated.

AM

Answer:

Dear AM,

It sounds as if your student loans may qualify for eventual forgiveness under the . You should get your student loans qualified for forgiveness under PSLF if you plan to continue in teaching or public service.

You can consolidate your federal loans into a new Direct Loan and then opt for an income driven repayment plan which will give you the lowest payment now.

On the credit card front you can always “consolidate” your cards in a . If you are currently able to afford your credit card payments and able to continue to build your emergency savings fund at the same time then a credit counseling program may reduce your interest rates and help you to pay off your debt for less.

What I would be concerned about is how your student loan payments may change once you are out of school and if that would impact your ability to make your consolidated credit card payments at that point.

READ  Chapter 2 – What Your Money is Trying to Tell You

There is no sense starting a five-year repayment plan through credit counseling only to have it blow up in two years later when your student loan payment changes.

You could also look into a unsecured debt consolidation loan but I’m not sure if the interest rate would be higher than what you are paying now.

As far as bankruptcy. you have not given me any information that would indicate it would be worth considering at this time.

morehelp1
Choice1 Choice3 Big Hug!
Euro-Video - , ,
If you have a credit or debt question you'd like to ask just use the online form .

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s and and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About Steve Rhode

Steve Rhode is the Euro-Video and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

3 Comments

  1. Steve

    February 1, 2017 at 10:02 pm

    I’m confused.

    ” I came into this country as an international student for the purposes of attending college. I did not have a job and I couldn’t work legally because of my status.”

    Did you know this before coming? I don’t see how any forgiveness program should apply when the information was know ahead of time. But hey, we’re America, we’re dumb.

  2. AM

    January 26, 2017 at 1:30 pm

    Question asked.

Share a Comment / Leave a Reply

ninpou midare karakuri

www.adulttorrent.org/details/boynapped_a_slippery_wank_for_a_fit_prisoner_deacon_hunter_james_lain_

adulttorrent.org
%d bloggers like this: