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1). Are Student Loans Dischargeable When You Fill for Bankruptcy? By : Mary Wise
However, not all debts are dischargeable and in certain cases, bankruptcy actually stands far away from being a solution to debt problems.
Student debt and “undue hardship”
If you are buried deep in debt but your debt is mainly student debt you may want to reconsider bankruptcy since almost all
student loans are non-dischargeable. The law is clear when it comes to student loan debt: Unless repayment causes the debtor undue hardship, courts won’t allow discharge of student debt.
Article Related to: student loans, bankruptcy, student debt, debt repayment, debt free, government loan, co-signers, financial tips, finance tips
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2). Prioritise Debt Repayments By : Stuart Laing
One of the best ways to speed up the repayment of your debts is to focus your attention on paying off the loans that carry the highest rate of interest first. Get rid of the debts that cost you most to service.
Here’s what to do. Compare the interest rate on each of your loans and repay those with the highest rate first. The only way to do this is to look at the rate of APR on each of your debts.
Article Related to: debt repayment
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