speednub1 t1_jegaz4a wrote on March 31, 2023 at 8:19 PM

save the money up first then buy stuff. the loan isn't free, it'll have interest. also you don't have a job yet. how are you going to pay off a loan without your job?

StorageGloomy9719 t1_jegcu6k wrote on March 31, 2023 at 8:31 PM

If I wait my credit will get messed up/I won’t be able to go anywhere because my credit card is almost maxed out and I wont be able to get an internship this year. I am looking for a job and paying for my loan will be my first task with my money. It’s subsidized so interest isn’t charged until after I graduate and I’m paying it off before I graduate. I don’t graduate until 2025. I just started school. It’s only a two year program so I don’t have a lot of time to build my resume.

speednub1 t1_jegfw2n wrote on March 31, 2023 at 8:51 PM

so your solution to pay your debt is to take another loan for more debt. what you need to do right now is pay the minimum on your credit card, get a job, and use all of the money towards paying the credit card off. no ipad until you pay off everything.

StorageGloomy9719 t1_jegjbly wrote on March 31, 2023 at 9:15 PM

I use my credit card to get places. I have a $500 credit limit that is almost maxed out. If I don't pay my credit card bill I wont be able to get to work is what I am saying.

speednub1 t1_jeglu88 wrote on March 31, 2023 at 9:32 PM

not sure where you live but there are options besides uber that are much cheaper. you're definitely in a tough place, but my thoughts are whatever got you into this mess will likely get you into a bigger mess with the loan.

StorageGloomy9719 t1_jegmdd0 wrote on March 31, 2023 at 9:36 PM

It’s Ubers. I’ve found jobs and they fall through or the managers aren’t honest with me. Public transportation scares me tbh. I’m willing to wait to buy an iPad so that would reduce the loan to $750. That’s not a terrible amount of debt I feel. But I definitely do see your viewpoint.

itskeke t1_jeggvx1 wrote on March 31, 2023 at 8:58 PM

Taking on debt to cover other debts can be a slippery slope if the stars don't align ESPECIALLY if you don't have a reliable source of income.

Would your sister (another family member or friend?) float you some cash until you secure employment?

StorageGloomy9719 t1_jegjlyz wrote on March 31, 2023 at 9:17 PM

No, I can't depend on anyone financially so this is really my only option. If I don't pay off my card I can't get to work and if I can't get to work I can't pay off my debt. I can wait for the iPad. I can't wait for my credit card bill.