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I Am A College Student With Good Credit and Bad Debt. – Matt


“Dear Steve,

I am a college student and currently have 10,000 in credit card debt. I have been able to make the min payments for them but have not made much progress. I am getting married in a year and a half and really dont want to have credit card debt. I applied for a loan to consolidate all of it but I cant get approved. I have good credit and have never missed a payments on my cards or my car but I have to high of debt for anyone to help. What do you suggest?


Dear Matt,

The most likely place to get a loan as you describe is through If you have not explored LendingClub, you should. People just like me, from every nook and cranny chip in to help out people that need a loan.

People that I never though could qualify for a loan have been able to find a loan through and that might be the solution for your loan search as well.

The chances of you being debt free by the time you get married are slim. While you might be able to reduce the debt, $10,000 is a lot to repay in a short period of time.

I’m not so worried about that debt being eliminated by the wedding day. The goal at this point should be to find a solution, implement it, and make continual progress towards that goal on a regular basis.

Just make sure you are not adding significantly to your debt load by adding a lot of wedding debt on top of what you already owe.

If you do decide to explore the avenue, please come back and update me in the comments section to this question about your experience.


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.

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

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About the author

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.

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