PLUS Loan and Credit Card Debt

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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JDHopeful
Posts: 232
Joined: Thu Jan 03, 2008 4:20 pm

PLUS Loan and Credit Card Debt

Postby JDHopeful » Tue Mar 22, 2011 11:46 am

Say you have $10k credit card debt (I'm not there yet, but approaching), you can still get the PLUS Loan, as long as you don't have defaults, delinquincies, garnishments, etc., correct?

Thanks!

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rinkrat19
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Joined: Sat Sep 25, 2010 5:35 am

Re: PLUS Loan and Credit Card Debt

Postby rinkrat19 » Tue Mar 22, 2011 11:47 am

JDHopeful wrote:Say you have $10k credit card debt (I'm not there yet, but approaching), you can still get the PLUS Loan, as long as you don't have defaults, delinquincies, garnishments, etc., correct?

Thanks!


Yes.

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JDHopeful
Posts: 232
Joined: Thu Jan 03, 2008 4:20 pm

Re: PLUS Loan and Credit Card Debt

Postby JDHopeful » Tue Mar 22, 2011 11:47 am

That sounds so wrong.

HOPEFORCHANGE
Posts: 340
Joined: Fri Feb 04, 2011 12:22 am

Re: PLUS Loan and Credit Card Debt

Postby HOPEFORCHANGE » Tue Mar 22, 2011 7:06 pm

Well, it's true. You can. As long as you don't have certain things and even past delinquencies are okay as long as they aren't on student loans in the past five years or bankruptcies, etc.




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