I owe 1500 dollars for a past semester of school.

I owe 1500 dollars for a past semester of school. My car just died, and I need another one. I was going to take out a small loan to pay off this debt but I don't know how to do that and get a used car. Help!

2 Answers

Is it a school loan or tuition?  Are you planning on going back?  Is the school reporting to your credit bureau??

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

I think your first priority should be to pay off your debt. You should think about getting a new car after repaying the debt. You can borrow a small loan from your parents and repay the school loan.


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