Pay of Student Loans Earlier Without Trying Too Hard
Student loan debt has now reached an epic all-time high, which is why the US government is finally cracking down on students that do not repay their student debts. You may be paying yours off, but is there a way to get it done quicker with a little less pain?
Can Students Avoid Paying Back Their Student Loans?
An old trick was to avoid your debt company for thirty years and they would write off your debt, but that trick isn’t possible anymore. There is nowhere you can hide where your credit company will not find you. In any case, if you do not keep your student-loan repayments up, then your credit score becomes so bad that you won’t be able to rent a place or even have a bank account. …show more content…
You move the money from your bank account over to your credit card and pay off the balance. You then receive your $40 award from the credit card company that you put towards your student loans.
Gambling Your Way Out Of Debt
You shouldn’t try to gamble your way out of debt because it never works. However, you may like to try investing just a little money into gambling every month and paying the winnings into your student debt. At the end of every month, you take a set amount from your wages and gamble it.
You only do it once per month, and you only spend a certain amount of money. For example, at the end of the month when you are paid, you take $50 from your wages and make two bets at $25 each. If the bets win, you put that money towards your student loans. If the bets lose, then you try again next month.
The benefits of this are that if you are lucky one month, you may be able to pay off your debts earlier. The downside is that you may lose $50 every month. The other downside is that you need a fair amount of discipline to pull it off. Many people will be tempted to keep on gambling after winning, to deposit more money, or to play again with the money they won. If you are able to only make two bets per month, and to withdraw the winnings (no matter how big or small), then this method may help you pay off your student loans a little quicker without trying too
Student loan debt has now reached an epic all-time high, which is why the US government is finally cracking down on students that do not repay their student debts. You may be paying yours off, but is there a way to get it done quicker with a little less pain?
Can Students Avoid Paying Back Their Student Loans?
An old trick was to avoid your debt company for thirty years and they would write off your debt, but that trick isn’t possible anymore. There is nowhere you can hide where your credit company will not find you. In any case, if you do not keep your student-loan repayments up, then your credit score becomes so bad that you won’t be able to rent a place or even have a bank account. …show more content…
You move the money from your bank account over to your credit card and pay off the balance. You then receive your $40 award from the credit card company that you put towards your student loans.
Gambling Your Way Out Of Debt
You shouldn’t try to gamble your way out of debt because it never works. However, you may like to try investing just a little money into gambling every month and paying the winnings into your student debt. At the end of every month, you take a set amount from your wages and gamble it.
You only do it once per month, and you only spend a certain amount of money. For example, at the end of the month when you are paid, you take $50 from your wages and make two bets at $25 each. If the bets win, you put that money towards your student loans. If the bets lose, then you try again next month.
The benefits of this are that if you are lucky one month, you may be able to pay off your debts earlier. The downside is that you may lose $50 every month. The other downside is that you need a fair amount of discipline to pull it off. Many people will be tempted to keep on gambling after winning, to deposit more money, or to play again with the money they won. If you are able to only make two bets per month, and to withdraw the winnings (no matter how big or small), then this method may help you pay off your student loans a little quicker without trying too