From a personal finance standpoint, what would you do in this situation regarding school and work?
You want to finish college, actually, you have some college. You had an injury so you're on sickness pay to cover daily expenses, but not enough, bills are 1 year late, you owe way more on your car than it's worth, and it doesn't drive on the freeway due to the transmission, you have bad credit-someone signed student loan docs in your name several years ago which are in default and therefore you can't get financial aid or student loans due to federal student loan default. The bank did offer to help with student loans, only they denied the loans due to the credit. What in this situation would you do to be able to: a.) Travel (have a car to go places such as school etc, possibly work) b.) Go to college c.) own a home, or some type of place. d.) Oneday start a buisiness(restaurant) e.) Work, w/out sickness pay stopping too abruptly Just curious to hear everyone's own opinion and what they would do in this "Real life chose your own adventure" I wonder where I got the idea for it? :( Thank
Public Comments
- First of all, I would contact a credit agency, for instance, experian, etc. and dispute the the student loans that I did not apply for and get those taken care of. It may take awhile, but it would be worth it in the long run. Then I would get a part time job and save up enough money to get my car fixed, then sell it or refinance it or trade it in. Then get caught up on my bills, if I had any credit cards, I would contact a debit consolidation agency and work out a plan with those so I could lower my interest rate and get them paid off easier. Than I would go from there.
