My husband and I are due to have a baby in 3 weeks. My husban went through a rough patch before we got together when he was younger and now he has thousands of dollars in unpai college loans and also unpaid medical bills. Now his credit is very poor and he would like to go back to college eventually. Is the only option we have is to set up payment plans with the bills or is there and easier way we can get rid of all this debt? He has two jobs and I am 9 months pregnant and won’t be working for a few months. Any advice is helpful (: thank you!
Husbands College Loans And Medical Bills?
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Loans for college are given for each semester of attendance so it doesn’t matter that he didn’t graduate. He owes every penny he borrowed, plus interest and collections fees if he has defaulted. If he has defaulted, he will never again qualify for a student loan or any other financial aid unless he pays off his old loans.
There is no easy way to get rid of debt. Make payments as you can and cut expenses so you can afford it.
Nope. He got the money, he spent the money, he owes the money back. He just needs to pay on his loans and work out a payment plan for his medical bills.
I think you should go within a planned way…