Should I Pay on My Student Loan During a Chapter 13 Bankruptcy?


Dear Steve,

Ended up filing Chapter 13. My student loan is on hold until 2022 until the Chapter 13 is completed. My question is should I try to pay on the student loan or wait. The other question is once Chapter 13 is paid off will that help my credit score?



Dear Debbie,

You should not do a damn thing without talking it over with your bankruptcy attorney first and coming to a mutually agreeable plan. You don’t want to do anything that would surprise the trustee or create unintended consequences.

Keep in mind the loan may not be proceeding against you but it is not on hold. Interest can be building and the loan will resume when you are discharged.

It makes a difference if this is a private or federal student loan and I can’t tell from your question.

Simply receiving the final discharge from your Chapter 13 bankruptcy isn’t going to do much to rebuild your score. That is a separate process and you can find out more about that here. It is stupid easy to rebuild credit.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

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