Latest Posts
Home > Ask The Get Out of Debt Experts > I Want to Get My Credit Card Debt Deferred Until I Graduate And Then Pay It Off Slowly. – Alex

I Want to Get My Credit Card Debt Deferred Until I Graduate And Then Pay It Off Slowly. – Alex

“Dear Steve,

Hi, so im a senior as an undergrad in california, i ran my credit card for 4,500 dollars and i also owe money to my organization 2,500 dollars. not including the two medical bills i have each for 100 dollars. I get paid 8 dollars an hour with a job i just started, and ive take 2 unpaid internships. Basically i dont have an income. i have never filed taxes. My credit card company and organization keept harrasing me, shouldi talk to them and explain my situation? i dont want to have a terrible credit when i graduate. please help.

What can i do to get these people of my back? i cant get loans cause my credit is bad, is there a way i can get a loan differed until i graduate and pay it off slowly. Please help, my parents cannot help at all.

Alex”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

 

Dear Alex,

Sorry, there are no legit options to dealing with this solution the way you want to. The only legal option you have is bankruptcy.

With the credit card, you had to complete an application and agree to the terms and conditions to get the card. You then used the card. Creditors expect you to live up to the absolute terms you agreed to when you took the card.

You could also take some time off of school, get a second job and pay the debt back that way. Or you can wait to graduate and then deal with the credit mess that will exist when you finally do get your diploma. Except, if the organization you owe money to is the school, you won’t get your transcripts or diploma until you pay them.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

I Want to Get My Credit Card Debt Deferred Until I Graduate And Then Pay It Off Slowly.   Alex
Get Out of Debt Guy – Twitter, G+, Facebook

P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

I Want to Get My Credit Card Debt Deferred Until I Graduate And Then Pay It Off Slowly. - Alex by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.