 |
|
|
|
|
|
|
Pay Debts Blog
Want to get out of debt, consolidate your debt, get a better loan or just learn some top money and debt rescue tips? We have financial advice here that will help you achieve your dream of being debt free. Absorb all the info on blog and join our site for articles and tips Consolidate Debts LoansPermanent link: Student Finance Dos and Don'ts
Student Finance Dos and Don'ts
Don't lend money unless you can afford not to get it back, it can put a strain on your friendships and many students may not be able to afford to pay you back even if they intended to. Don't borrow from your friends either: you may get a reputation as a cheap-skate or as someone who expects to get money for nothing; any borrowing is a form of debt and must be avoided! Never let anyone, not even your closest friends, know you bank account pin number. It only takes one "mate" to get jealous of your new trainers to drain your funds. Joint payments on rent, bills or societies are a massive mistake! It only takes one person to pull out and your money commitment could sky-rocket. If it can't be avoided then make sure you have a plan as to what to do should one persona pull-out e.g. "all purpose" money pot that you all pay into each month. Never ever say that you will put your name down on the legal contract and your mates can pay you back, it will tempt them to be stingy and possibly even leave you in the lurch should legal action be taken. Fresher week will be great but don't blow your entire student loan in the first week! If need to balance fun and the future - you don't want to be in a position where finance is tempting you to drop out. You've worked hard to get to uni and you don't want to blow. Look beyond your three years at uni and into your future, you will have your credit history looked at when you apply for a mortgage, for a car loan, for a credit card; and if whilst you were a student you borrowed money that you did not pay back 100% on time this will count against you. Technorati Tags: Student finance, student loans, student budgetPosted by Admin at 2006-10-08 14:17, Home
Consolidate Debt Loans, provides this site and information freely and is not engaged in rendering financial or other professional services. Always read the fine print on any loan agreement. We do not accept any responsibility for any liability, loss, or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use of this Consolidate Debt Loan informational website.
