Okay, so develop i have confident your you to getting student loans to a credit card try a bad idea. But also for specific, this is not the end goal. What’s the end goal you may well ask? Bankruptcy proceeding. Wait, exactly what? You’re surprised you to bankruptcy proceeding create ever feel another person’s goal? You imagine case of bankruptcy were to be prevented without exceptions…?
The theory behind this tactic comes from the reality that beginner financing typically aren’t discharged for the case of bankruptcy. Sure, it occurs, but it is extremely uncommon. Credit cards as well, that’s the form of situation you to definitely becomes discharged all day. So the idea is to try to move the new money to handmade cards where you can make sure they are drop-off. Read More