PLUS Loan and Credit Card Debt Forum

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

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PLUS Loan and Credit Card Debt

Post by 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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Re: PLUS Loan and Credit Card Debt

Post by 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

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Re: PLUS Loan and Credit Card Debt

Post by JDHopeful » Tue Mar 22, 2011 11:47 am

That sounds so wrong.

HOPEFORCHANGE

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Re: PLUS Loan and Credit Card Debt

Post by 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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