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PLUS Loan and Credit Card Debt

Posted: Tue Mar 22, 2011 11:46 am
by JDHopeful
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!

Re: PLUS Loan and Credit Card Debt

Posted: Tue Mar 22, 2011 11:47 am
by rinkrat19
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.

Re: PLUS Loan and Credit Card Debt

Posted: Tue Mar 22, 2011 11:47 am
by JDHopeful
That sounds so wrong.

Re: PLUS Loan and Credit Card Debt

Posted: Tue Mar 22, 2011 7:06 pm
by HOPEFORCHANGE
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.