Personal Finance (Not Investing) • Mid Life Crisis Completely Lost Need Help

Without going too far into the background of my story I don't know what to do moving forward to position myself in regards to the following two situations:

I am on full scholarship for Bachelors degree in business
I have received Approximately $10000 dollars in student loans
I believe I am still eligible to apply for $20000 more (no cosign)
I graduate Spring 2025

My only full time job ever has been rideshare driving

1. Why would I ever not get the max loan? And if so, how would you allocate the money (i.e. Roth IRA)

I have been actively thinking about improving my credit and getting higher limits on credit cards
I have a 550 credit score, two credit cards (1500discover card, 300capital one card limit, 2000 paypal credit limit)
These are almost all maxed out as I have only made minimum payments
I have no idea how I was initially approved for these cards and paypal credit, lol
I have been planning on starting a LLC for my rideshare work for business credit (to access more credit)

2. If I pay down the limit and ask for an increase, how would I take advantage of this?

Statistics: Posted by Iced8888 — Sun Aug 18, 2024 10:54 pm — Replies 9 — Views 1627

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