given that i am an aggressive investor but a conservative spender...you might not like what my suggestion is.defer law school for a year, cut up the credit cards, get a roommate (or two, or three, or move in with your parents), clip coupons, sell your car and get a cheaper one, get a full time job and extra part time job, and make the 20k in debt go away.starting law school with deferable federal loan debt is one thing, starting it with cc debt, when the cc companies can just arbitrarily decide to put your interest rates into the atmosphere just because you are...oh...unemployed....like you will be in law school....well, to me it seems like a pretty big deal. i am assuming you will be taking out some loans to pay for law school 'cause if you had the cash you could pay off the cc's, right? law school is a huge ding in your financial health. it is kind of like surgery. your best bet to survive it, and as painlessly as possible, with as speedy a recovery as possible, is to be in the best shape you can before the surgery. same thing with your finances and law school. and this situation is fixable within a year, so that is why i think deferring might make good sense. or cents.(and in no board is it more appropriate to say...just my $.02)
I'm not sure how I'm going to be able to survive during law school and make these payments.
I'm set to begin law school in August, but I've got $20k in credit card debt split among 5 different credit cards. I'd like to consolidate my debt and get a lower rate, but I don't know where to begin. I have nothing to offer as collateral. I'm not sure how I'm going to be able to survive during law school and make these payments. Can anyone on LSD give me some tips on what I can do?Any words of wisdom would be greatly appreciated.