I went to National Business College for 2 years. At that time I was a single mom (21), and thought that was the best thing for me and my son. I now deal with ACS. They worked with me on lowering my payment each month, but now I still can’t afford it. ($245). I make $10.00/hour, and of course I can’t find a job for what I went to scholl for. Now I’m married, and just purchased a home, and 3 months late on my payments. What can i do? My husband and I are up to our ears in debt, and we have seperate checking accounts. I pay my bills, he pays his. The IBR said I don’t qualify because we make too much. Yeah right!
What can I do? Seems there’s no end in sight.
It sounds like you’ve tried to work out a suitable repayment arrangement but that is not possible. The logical path at this point is to file bankruptcy on your other debt and make room for the student loan payment.
Student loans are nothing to mess around with. They sit there and build interest, late fees and penalties and can garnish your wages without going to court or intercept your future tax returns.
You can click here to find a local bankruptcy attorney and if you’d like a second opinion about your situation or a personal consultation by another debt coach, please feel free to contact
Please post your responses and follow-up messages to me on this in the comments section below.Big Hug!