Wednesday, October 28, 2009

From a personal finance standpoint,what would you do in this situation ?

You want to go to college.(Finish actually, you have some college.



You had an injury so you%26#039;r on sickness pay to cover daily expenses, you owe way more on your car than it%26#039;s worth, and it doesn%26#039;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%26#039;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.) To be able to go to college



c.) Possibly own a home, or some type of place.



d.) Also if you wanted to start your own buisiness. (A restaurant)



Just curious to hear everyone%26#039;s own opinion and what they would do in this %26quot;Real life chose your own adventure%26quot; that I have presented for you. I wonder where I got the idea for it? :(



Thanks



From a personal finance standpoint,what would you do in this situation ?

The best answer I know is to pray.......... really



From a personal finance standpoint,what would you do in this situation ?

Tough decision, depending on your age and health, which im guessing isnt good, theres always the military. While finishing school is good and would put you in a better position you need to find some way to pay bills, perhaps you need to declare bankruptcy? Its a tough spot to be in and you really need to prioritize. Also sometimes shops will do work for you and you can come up with a payment plan.

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