credit Archives - Page 7 of 8 - Student Debt Diaries

How to Choose the Best Student Loan Refinancing Company

July 2, 2018March 10, 2022 Jordan RothmanRefinancing Student Loans, Student Loan Repayment Guide

This website has already discussed how numerous student debt borrowers would benefit from refinancing their student loans. Indeed, refinancing can lessen the amount of interest a borrower pays on their debt, and could lower one’s monthly student loan payment. Although some people might not benefit from refinancing their student loans, everyone should do their research on student loan refinancing companies due to these benefits. However, it can be difficult to select the best student loan… Continue Reading How to Choose the Best Student Loan Refinancing Company

Fighting Against the Student Loan Scammers

June 21, 2018March 11, 2022 Adam RothmanGuest Articles, Repayment Strategies

Student loans are no joke. For those who rely on them to complete their education, these loans can soon become significant burdens. Monthly student loan payments often represent large portions of people’s discretionary incomes, and may prevent recent graduates from making key life decisions due to financial instability (marriage, children, homeownership…the list goes on). While cosigners can sometimes ease the burdens on student loan borrowers, they can also create a whole other set of problems… Continue Reading Fighting Against the Student Loan Scammers

Now Is a Good Time to Refinance Your Student Loans

June 18, 2018March 10, 2022 Jordan RothmanRefinancing Student Loans, Student Loan Repayment Guide

This website has already discussed how you should refinance your student loans to improve your student debt situation. Indeed, refinancing your student loans can lower your monthly payment amount, decrease the amount of interest you pay over the life of the debt, and has many other benefits as well. In addition, this website has also discussed the types of people who would benefit the most from refinancing their student loans, and these individuals should definitely… Continue Reading Now Is a Good Time to Refinance Your Student Loans

Dealing with the Bankruptcy of a Student Loan Cosigner

May 17, 2018March 11, 2022 Adam RothmanGuest Articles, Repayment Strategies

In a previous article, I delved into the issues that can arise when a student loan cosigner dies, and how to best deal with any problems that may result. This time around, I will talk about a rarer, though sometimes more problematic dilemma: what to do when a cosigner declares bankruptcy. While renegotiating the terms of the student loan may still be an option, the worst case scenario (an automatic default) is what commonly occurs.… Continue Reading Dealing with the Bankruptcy of a Student Loan Cosigner

How to Deal With the Death of a Student Loan Cosigner

April 26, 2018March 11, 2022 Adam RothmanGuest Articles, Repayment Strategies

Paying for college can be tricky when your family does not have the financial means to cover the cost. While some students may be lucky enough to get help in the form of financial aid or scholarships (like me), for many, the only realistic option is student loans. Although government loans are an option for a majority of student debt borrowers, many students must also rely on loans from private banks to cover the rest… Continue Reading How to Deal With the Death of a Student Loan Cosigner

How to Choose a Law School That Will Minimize Your Student Debt

April 23, 2018April 23, 2018 Jordan RothmanChoosing Schools

As previously mentioned in several prior articles on this website, where you choose to attend college and graduate school can have a substantial impact on your student debt story. And if you are considering law school, your choice about where to earn a law degree and whether to attend law school at all will massively affect how much student debt you need to borrow. The law school admissions process is very complicated, mainly due to… Continue Reading How to Choose a Law School That Will Minimize Your Student Debt

How to Decide Which Debts to Pay Off Before Student Loans

February 19, 2018February 19, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

For many people, student loans are just one type of debt that a person has. Indeed, numerous individuals have credit card debt, car loans, mortgages, and other types of debt that need to be handled in addition to student loans. It is oftentimes difficult to determine how best to pay off student loans while also dealing with these other types of debt. Of course, the best strategy is to minimize any debt you have in… Continue Reading How to Decide Which Debts to Pay Off Before Student Loans

How to Pay Off Student Loans Without Hurting Your Credit Score

February 5, 2018February 5, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

Many people believe that paying off student loans is good for one’s credit score. Of course, paying down debt demonstrates great financial responsibility and shows that you can be trusted to borrow more money in the future. In addition, being free from student loans means that you do not have outstanding financial obligations that could limit you from paying off other loans. However, the geniuses at the credit bureaus have strange rubrics for assessing one’s… Continue Reading How to Pay Off Student Loans Without Hurting Your Credit Score

How to Avoid Debt Fatigue While Saving Money to Pay Off Student Loans

October 9, 2017November 15, 2017 Jordan RothmanSaving Money, Student Loan Repayment Guide

It is undeniable that saving money in order to devote more cash to student loans is extremely difficult. No matter how disciplined somebody is, one cannot resist the temptation to spend money forever, since humans naturally have the desire to purchase things that make us happy in the present. As a result, everyone is likely going to experience debt fatigue at some point during their student debt repayment journey. There are a few descriptions of… Continue Reading How to Avoid Debt Fatigue While Saving Money to Pay Off Student Loans

Why You Should Pay Off Student Loans Early

September 5, 2017November 15, 2017 Jordan RothmanIntroductory Articles, Student Loan Repayment Guide

My last post discussed the categories of people who might not benefit from expediting student loan payments. I hope I didn’t scare too many people away from the blog! If your situation does not match any of the categories I mentioned, or you are still interested in paying off loans early, you might be wondering what the benefits of expediting student loan payments might be. There is a massive opportunity cost to expediting student loan… Continue Reading Why You Should Pay Off Student Loans Early