Lady B asked:


If someone is potentially facing a short sale but still has 30k left on an equity line, would it be possible for that person to use the 30k to pay off student loans and other debts with the equity line if they know they are already facing a short sale or foreclosure? Due to the Mortgage Forgiveness Debt Relief Act that was just enacted, a person would no longer have to pay tax on the debt forgiveness, so therefore the additional money used from the equity line would not be taxed. Would it be smart to pay off student loans with this money if you already knew you would lose the house?
Please no mean answers, I’m asking hypothetically if it would be possible to use this $$ without penalty.

Andrea

MahDick asked:


In August the school leaving. share of the cost is around 17,000 per year. while I have about $ 4000 in debt to your credit card. Is there so you can return my debt credit card Add to my student loans? And how about I get a student loan?

Holly

Maria Gallercia asked:


With the exception of companies with credit card, you can also use a letter of validation of the debt for student loans and mobile phones? Thanks in advance.

Carmen

petrochirus asked:


I am wondering what peoples experiences are. I have about $25,000 in credit card debt and around $30,000 in student loans. The credit cards are surprisingly well under my limit. I would be interested in consolidating the credit card debt especially, as it seems those are going to last forever. Any advice?

Caffeinated Content for WordPress