CTB while still having debt?

[Daystavro]

I have about 15,000$ of debt to the bank from a loan I took about a year ago.
But I can't wait to repay it, it will take me a few years.
My parents will have to pay for that once I ctb.

 

[worldexploder]

I'm sorry man. Did you say you didn't want to go to a university in the first place?

 

[Daystavro]

I'm sorry man. Did you say you didn't want to go to a university in the first place?

Yes I did man.
Unfortunately my parents forced me.
But it's too stressful for me , both academically with all the essays and exams and socially with all the people.
I don't have power to finish it.
My plan is to ctb once my semester ends in February.

 

[worldexploder]

Yes I did man.
Unfortunately my parents forced me.
But it's too stressful for me , both academically with all the essays and exams and socially with all the people.
I don't have power to finish it.
My plan is to ctb once my semester ends in February.

Well buddy, they forced you so I wouldn't feel bad about leaving them with the 15K to pay back. The important thing is that you find peace in what ever you decide to do.

 

[Nem]

Did your parents Co sign it? If not I don't think they would be responsible for the debt.
Peace

 

[Threads]

While your parents may have co-signed for the loan, it is unlikely that the bank will actively pursue a full settlement from them.

I'm fairly certain, the bank would be willing to settle the debt with your parents for a lower amount. These type of situations are bad for business and banks want to avoid them from making the headlines.