Defaulted on Student Loans

[Atomic Playboy]

Originally posted by: jagec

Originally posted by: Willoughbyva
Also I have to drive over 100 miles a day to and from work. My car gets 18 miles to the gallon or there abouts.


Perry

Even if you can't find a different job that still gets benefits (and you should keep looking!), you CAN find a car that gets better mileage. There's no reason not to get north of 30mpg if you have THAT kind of commute. Or get a motorcycle/big scooter.

Originally posted by: waggy

Sell the gas guzzler and use the savings to buy a honda civic.. and ask for a raise.

bad advice.

with someone in his financial situation this would not be a good idea.

How on earth does getting a more efficient car, using the proceeds from the sale of the less efficient, not make sense? We're not talking about buying new, that's just stupid.🙂[/quote]He has no money. A 1993 Buick LeSabre is going to sell for, what, 1500 tops (if it is in great condition). Honda Civics start at 3-4 grand (used, early 90s). You could get one from the 80s for less, but you'd be dealing with a host of unknown repair costs.

Bottom line: He's not going to be able to trade his LeSabre for a Civic, and he doesn't have enough money to cover the difference in cost between the two.

 

[villageidiot111]

Get a job at Mcdee's, or any other logical place, cause ur job right now doesnt make a whole lot of sense to keep.

 

[randomlinh]

Originally posted by: Gibson486
Hmmm...i don't think you can consolidate once payment has begun......

yeah you can. you just can't re-consolidate (federal loans anyway).