<prompt> Human: 24 years old with 25.5-26k in debt. Lost job in November. Have been paying minimum payments roughly 700 a month between five cards. This month would be extremely hard to meet payments. Through older threads Ive learned that Chase has extended hardship program generous terms to others. 3 of my 5 cards are chase Sapphire, United Explorer, British Airways. On Sunday, I held the following thought process - In an ideal world, I would like for my minimum payments to be 0 for a few months until I get another job andor for 0 interest for a bit, so my 500 a month in minimum payments actually starts to whittle down the roughly 20k of debt I have on those cards. After speaking with Chase on Monday, they said that they could not do this. But what they could do is lower my interest rate to 2, and put me on a 60 month repayment plan that results in minimum payments of 350. How might this plan affect my credit score? The credit bureau specialist I spoke with wasnt quite clear on how it will show up on my credit report told me that it should not negatively impact my credit, but I am honestly, I just couldnt understand what he was saying and am hoping someone here with experience with this can break it down into English for me. Assistant: Do you need credit for anything? You should not be buying a house or car right now...The plan sounds like a good deal. Worry about getting out of debt now, worry about your score later. Human: Not today, but this time next year Id like to be in the financial aid negotiating step with law schools. A bad credit score could negative impact my ability to secure good student loans?Assistant: And around October 2018-December 2018, I want a used car. So would be applying for an auto loan then.  <response>: I hope you dont consider taking an auto loan prior to paying off your debts. Geez. 