So i've been sitting at my desk pondering this question. I am currently a college student and of course get financial aid but fall short each semester needing to take out a loan. I need to know your thoughts on borrowing enough loan money to cover most of my debts. If I do this I will need to still use $1,000 of my cash flow from work to pay every one in full. On one end i'm thinking wooohoo i'll be able to satisfy my obligations to every one now. But on the other end i'm thinking this is creating a new debt so to speak. I've only giving it a second thought because i'm figuring with all the interest I am paying between the various credit cards etc.. My student loan money carries an interest rate of 6.9%. Please share your thoughts you guys are the best when it comes to advice!!!!
I need advice Savings Advice Friends
September 21st, 2012 at 11:08 am