{"id":580,"date":"2013-07-07T17:04:11","date_gmt":"2013-07-07T17:04:11","guid":{"rendered":"https:\/\/mn-bankruptcy.com\/blog\/?p=580"},"modified":"2025-08-11T19:06:46","modified_gmt":"2025-08-11T19:06:46","slug":"paying-off-student-loans-with-credit-cards-bad-idea","status":"publish","type":"post","link":"https:\/\/mn-bankruptcy.com\/blog\/paying-off-student-loans-with-credit-cards-bad-idea\/","title":{"rendered":"Paying Off Student Loans with Credit Cards &#8211; Bad Idea"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div>Here&#8217;s a link to an interesting article from creditcards.com discussing possible consequences of paying off student loans with credit cards. \u00a0I&#8217;ve never met anybody who tried it, or at least admitted trying it. \u00a0The trouble with replacing old debt with new debt is that any debt you run up right before filing a bankruptcy is very likely to be considered fraud. \u00a0The creditor gets to object and can prevent the discharge of that particular debt.<\/div>\n<div><\/div>\n<div>Also watch out for paying tax debt with credit cards. \u00a0The 2005 law says that if you transfer a tax debt to a credit card, it remains non-dischargeable.<\/div>\n<p><a href=\"http:\/\/www.creditcards.com\/credit-card-news\/paying-off-student-loans-credit-cards-bad-idea-1282.php\">http:\/\/www.creditcards.com\/credit-card-news\/paying-off-student-loans-credit-cards-bad-idea-1282.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Here&#8217;s a link to an interesting article from creditcards.com discussing possible consequences of paying off student loans with credit cards. \u00a0I&#8217;ve never met anybody who tried it, or at least admitted trying it. \u00a0The trouble with replacing old debt with new debt is that any debt you run up right before filing a bankruptcy &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/mn-bankruptcy.com\/blog\/paying-off-student-loans-with-credit-cards-bad-idea\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Paying Off Student Loans with Credit Cards &#8211; Bad Idea&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-580","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paying Off Student Loans with Credit Cards - Bad Idea - Better Call Dave - Bankrupt MN Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mn-bankruptcy.com\/blog\/paying-off-student-loans-with-credit-cards-bad-idea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paying Off Student Loans with Credit Cards - Bad Idea - Better Call Dave - Bankrupt MN Blog\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Here&#8217;s a link to an interesting article from creditcards.com discussing possible consequences of paying off student loans with credit cards. \u00a0I&#8217;ve never met anybody who tried it, or at least admitted trying it. \u00a0The trouble with replacing old debt with new debt is that any debt you run up right before filing a bankruptcy &hellip; Continue reading &quot;Paying Off Student Loans with Credit Cards &#8211; Bad Idea&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mn-bankruptcy.com\/blog\/paying-off-student-loans-with-credit-cards-bad-idea\/\" \/>\n<meta property=\"og:site_name\" content=\"Better Call Dave - Bankrupt MN Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/davidkelllylawoffice\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-07T17:04:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-11T19:06:46+00:00\" \/>\n<meta name=\"author\" content=\"DaveKelly\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"DaveKelly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mn-bankruptcy.com\/blog\/paying-off-student-loans-with-credit-cards-bad-idea\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mn-bankruptcy.com\/blog\/paying-off-student-loans-with-credit-cards-bad-idea\/\"},\"author\":{\"name\":\"DaveKelly\",\"@id\":\"https:\/\/mn-bankruptcy.com\/blog\/#\/schema\/person\/a385963a920f92e1cf406fa921c98453\"},\"headline\":\"Paying Off Student Loans with Credit Cards &#8211; 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Sometimes that seems like a long time, and other days I feel as if I just started. These days my practice is devoted entirely to counseling folks concerning their financial problems and representing them in Chapter 7 and Chapter 13 bankruptcy. One thing I don't do is credit repair. When asked about matters concerning credit scores, I like to say \\\"I'm a very good source of unreliable information about that.\\\" What I mean is that I hear a lot about it from my clients who often report back to me how they are doing after their bankruptcy is completed, sometimes even years later; but having heard some stories from a few people doesn't qualify me to give any advice. I spend a lot of time with my clients. I want to be sure we get it right. There are civil and criminal penalties for concealing or providing incorrect information in a bankruptcy care, and my goal is to keep myself and my clients as far away from problems like that as possible. You can find me in MInnetonka near I-394 and Hopkins crossroad. It's ten or fifteen minutes from downtown Minneapolis. You can see parts of Plymouth, Minnesota, Golden Valley, Minnesota and St. Louis Park, Minnesota from the high ground in front of my building. If you take a look at the map, you can see that most of St. Louis Park is closer to my office than many parts of Minnetonka.\",\"sameAs\":[\"http:\/\/www.mn-bankruptcy.com\"],\"url\":\"https:\/\/mn-bankruptcy.com\/blog\/author\/davekelly\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Paying Off Student Loans with Credit Cards - Bad Idea - Better Call Dave - Bankrupt MN Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mn-bankruptcy.com\/blog\/paying-off-student-loans-with-credit-cards-bad-idea\/","og_locale":"en_US","og_type":"article","og_title":"Paying Off Student Loans with Credit Cards - Bad Idea - Better Call Dave - Bankrupt MN Blog","og_description":"&nbsp; Here&#8217;s a link to an interesting article from creditcards.com discussing possible consequences of paying off student loans with credit cards. \u00a0I&#8217;ve never met anybody who tried it, or at least admitted trying it. \u00a0The trouble with replacing old debt with new debt is that any debt you run up right before filing a bankruptcy &hellip; 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Sometimes that seems like a long time, and other days I feel as if I just started. These days my practice is devoted entirely to counseling folks concerning their financial problems and representing them in Chapter 7 and Chapter 13 bankruptcy. One thing I don't do is credit repair. When asked about matters concerning credit scores, I like to say \"I'm a very good source of unreliable information about that.\" What I mean is that I hear a lot about it from my clients who often report back to me how they are doing after their bankruptcy is completed, sometimes even years later; but having heard some stories from a few people doesn't qualify me to give any advice. I spend a lot of time with my clients. I want to be sure we get it right. There are civil and criminal penalties for concealing or providing incorrect information in a bankruptcy care, and my goal is to keep myself and my clients as far away from problems like that as possible. You can find me in MInnetonka near I-394 and Hopkins crossroad. It's ten or fifteen minutes from downtown Minneapolis. You can see parts of Plymouth, Minnesota, Golden Valley, Minnesota and St. Louis Park, Minnesota from the high ground in front of my building. If you take a look at the map, you can see that most of St. Louis Park is closer to my office than many parts of Minnetonka.","sameAs":["http:\/\/www.mn-bankruptcy.com"],"url":"https:\/\/mn-bankruptcy.com\/blog\/author\/davekelly\/"}]}},"_links":{"self":[{"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/posts\/580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/comments?post=580"}],"version-history":[{"count":3,"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/posts\/580\/revisions"}],"predecessor-version":[{"id":6925,"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/posts\/580\/revisions\/6925"}],"wp:attachment":[{"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/media?parent=580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/categories?post=580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mn-bankruptcy.com\/blog\/wp-json\/wp\/v2\/tags?post=580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}