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I have over $ 15,000 in student loans and another $ 6,000 debt credit card. (From the purchase of books of more than $ 500 per semester, two major car repairs at $ 1,000, and other purchases such as gas and other things.) So basically, I am near $ 22 000 in debt. I only use credit cards and only rarely, when I for things related to school (not like TV, video games, or holiday) benötigen.Wie doubtful that I am? I am 22 years old, just graduated from college and I’m ruined for the time a local police Akademie.Ist my financial records?

3 Thoughts on In large debts. How much harm am I?
  1. Reply
    January 1, 2012 at 5:42 pm

    That’s a lot of debt for someone so young. As long as your not behind on your payments, your credit history is not ruined. I am in college now (work ft school pt) on student loans. I take the excess money from my loans in put it into a separate account, not to be touched. Once I am done with school, I can use that money to help pay back the loans. That money also pays off the credit card I use to buy my books, computer and so on. I did pay off a couple smaller bills as well.

  2. Reply
    January 1, 2012 at 5:53 pm

    well student loans is considered good debt so it doesnt really hurt your credit score too much, unless you go into default. whats killing you is the credit card. why do you have so much credit card debt? you cant just put everything on your credit card. thats not okay, do you know how long its gonna take to pay that off with credit card interest rates? awhile. you need to get a job and start paying for your books out of your paycheck. alot of people think not having a job in school is okay, but there really isnt any excuse for it. everyone i know works while in college, and we all have lower personal debt(excluding loans). if you worked 20 hours per week you would probably have 1/2 the credit card debt you currently have and if you dont start paying it down soon, youre gonna screw yourself in the end.

  3. Reply
    January 1, 2012 at 6:03 pm

    i think there is a lot of debt you have to pay there will be no effect on your credit history until you continues to pay the due regularly i will advice you to pay the dues regularly so that your credit history will not go to negative
    good luck

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