Why Student Loans are Better Than Credit Cards
You need some more money for college expenses this semester. Do you whip out a credit card to pay for your books, or do you apply for a federal or private loan? Well, consider the options -
-With a federal loan, your interest rate will be low (around 5%) and your payments will be deferred until 6-9 months after graduation.
-With a private loan, the interest rate will be slightly higher than with a federal loan but will still be lower than average. In addition, you will only need to make interest payments until after graduation.
-With a credit card, on the other hand, the interest rate can be as high as 21%. Interest begins accruing almost immediately, and you need to begin paying off the bill the next month.
This is not to say that credit cards do not have a place in your college life. It is good to have one national card (Visa, MasterCard, Discover) on hand to help you build a positive credit history and to provide security in emergencies. When you decide to apply for a card, compare annual fees, interest rates, and introductory offers. And to keep yourself out of debt, try to-
-Pay your balance each month to avoid interest charges
-Pay your bill on time to avoid late charges
-Avoid cash advances, which come with large finance charges and interest that begins accruing immediately.
This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more on how Student loans are better than credit cards at http://www.NextStudent.com .
My goal is to help every student succeed - education is one of hte most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Americans hold $1.5 trillion in student debt—here's how to know which repayment plan is best for you - CNBC
Be Wary of Guaranteeing a Loan
You need to be wary of guaranteeing a loan. What would you do if a friend or relative asked you to guarantee a loan? You would probably like to help them by agreeing to guarantee the loan but consider your actions carefully first and make sure you understand what it involves.
No Income Verification Loans - When Income Doesnt Show on Paychecks
Financial statements, salaries, income proof, documents, paycheck, W-2 forms, 1099's - there is an exhaustive list of some of the forms that you may require to provide for a loan. Income documentation is not always easy for someone who is self employed or retired or for any person who doesn't have a fixed source of income.
Payday Loans - Bridging The Void Between Paychecks
Emergency - the word is written everywhere in red and considered a danger sign. We all are afraid of what we will do if we encounter this emergency.
Online Payday Loans Offer Quick or Instant Approval For a Fast Cash Loan
Online payday loans companies offer quick approval with their online application process. Once you have entered your personal information and source of income, you can be approved for a payday loan in as little as five minutes, and a cash advance can be deposited in your checking account the next day.
Finding Good Loans for Bad Credit
When looking for loans for bad credit, many people find that the loan offers that they receive are riddled with complex loan terms and excessive interest rates.If you're like most people, you don't want to pay more for loans for bad credit than you absolutely have to? and while the interest rates are likely going to be higher when it comes to loans for bad credit than they might be otherwise, there's no reason that lenders should charge an overly bloated rate simply because of a person's credit rating.
Financial Aid Options
Before entering college, you may find yourself pondering exactly how you will be able to pay for college. Many public colleges and universities cost thousands of dollars, while private colleges and universities can cost $10,000, $20,000, $30,000, or even more just to attend.
Cash Advance Payday Loans
The ads are on the radio, television, the Internet, even in the mail. They refer to payday loans - which come at a very high price.
Why Bank Overdrafts May Be a Bad Deal For You
Many banks actively encourage their clients with low balances to overdraw their accounts. That means, if the customer writes a check or uses her debit card and has insufficient funds in the account, the bank clears the check by granting a temporary overdraft (a short-term loan), up to a specific limit.
Quick Cash Loans Online - A Fast Way to Get an Emergency Cash Advance
If you need a fast way to get an emergency cash advance, then apply for a quick cash loan online. Payday loan companies now offer instant approval with their paperless process.
How to Find Bad Credit Loans UK
Bad credit loans UK can sometimes prove quite difficult to find, especially for those individuals who need the loan money quickly so as to cover various expenses or to repay debts.Should you be one of the many individuals who are in the market for quick and low cost bad credit loans UK , you might think that the search for the loan that you want is hopeless.
A Consumers Guide to Getting a Bad Credit Loan
Here is a useful guide to getting a bad credit loan. If you're like countless others, then you may be struggling to get a bad credit loan.
A Renter in Debt? Take Out a Bad Credit Personal Loan
On average, homeowner households earn 95% more than renting households per year. With 26% of a rental households disposable income being spent on renting, in comparison to 15% of homeowners on their houses (not including maintenance), it is unsurprising that people who rent find it harder to manage and turn to bad credit personal loans for help.
Why Choose a Bridging Loan?
Listed below are some of the reasons for choosing a bridging loan. A bridging loan is a short term mortgage which is secured by your property.
What Is A Second Mortgage?
A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house.
Giving Finances a Breather Through Loans for Unemployed
Martin graduated of the college with dreams of a highflying career. However, the subsequent unemployment put a check on his dreams.
Fast Cash Now Easier Than Ever, but at a Price?
Because of the Internet, quick payday loans are faster than ever before. Quick payday loans will really get you out of a fix, because quick payday loans arrive the next day, right at your doorstep, in amounts ranging from five hundred dollars to three thousand dollars.
Cosmetic Surgery Loans - Discovering How It Feels to Look Your Best
Market research of UK's cosmetic surgery ascertains the fact that it is one of the fastest growing sections of private healthcare industry. Cosmetic surgery industry is growing strong with an estimated by 9.
Demystify the Allegorical Misinterpretation of Bad Credit Personal Loans
Every time you go for a loan, the bad credit trademark hits you where it should - your odds at finding a loan. For bad credit personal loan, it is necessary to discover your standing as a loan claimant.
Ways to Find a Cheap Loan
If you're in the process of trying to find a cheap loan, you might find it frustrating and wonder if you're ever going to find the loan that you want.If you haven't already, you might want to consider applying for a cheap loan online instead of using a traditional lender? online lenders can usually offer a competitive if not better loan, and may feature a variety of repayment options as well as a convenient application process and 24 hour inquiry and support availability.
A Payday Loan Or Cash Advance Can Be A Life Saver
A payday loan or cash advance can be a life saver in a financial emergency. Whether it is an unexpectedly high utility bill, or an unplanned medical bill, payday loans can provide you with the quick cash needed to help maintain your good credit.
|home | site map|
|TIGER MEDIA© 2006|