Loan Rehabilitation Private Loans? Use a private loan consolodation program to improve your situation. Find out about private student loan consolidation, what a bad credit consolidation is and what it can do for your economy. Begin today to improve your private economy through private loan conslidation. Student Loan Bankruptcy While the material here is not to be intended as legal advise, it could help you decide if you should think about bankruptcy any further. You can start by taking a closer look at all the debt you have together with all of your profits. Make a list of all your monthly expenditures. Make sure you put down your mortgage, vehicle payments, food, utilities, and other basic essentials. Don`t include other payments such as your credit cards or unsecured loans. Then compare your monthly cash flow to your living expenses.