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Did you ever take out a student loan and are you glad you did?

Can Visa take my student loan money?

  • My Visa has a limit of a thousand dollars and i have reached that limit but I haven't paid off my Visa. Yesterday my bank said that Visa has frozen my account until May 7th and that's when I get my student loan, so I was wondering if Visa can just take my student loan money to pay off my visa? Because my sister has a maxed Visa and she hasn't paid hers in a really long time and she has no student loans nor has Visa ever frozen her account.

  • Answer:

    As long as your student funds are not being direct-deposited onto your Visa account, they will not have access to those funds. However, if the card is tied to your bank or student account, any money deposited can be used to pay past due fees. Your account was frozen because you reached your limit and they do not want you to exceed the limit, or be hit with additional over-the-limit fees.

Amei-lee at Yahoo! Answers Visit the source

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if money direct deposit to ur account= yes. ur visa is bank linked so u need to stop playing with snakes. visit dave ramsey.com to learn hard costly life lessons form others stupid move so u don't pay the cost.

Rob

If you have your student loan refund deposited into your bank account, they can take every penny you have.

Sophia

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