Quote:
Originally Posted by Torture
What do you think about loans to pay for University?
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Only if you spend it on booze and condoms...other than that its a waste
I have heard bad things about student loans however you gotta to do what you gotta do. Have a plan to pay them back on time or else you will pay big time for it from what I have heard.
My favroite is watching american channels and they tell you call this number for a loan but you read the small print and a $2500 loan over so many months and interest rate it equals to like $9,700 by the time you are done paying it. No wonder why people get into money troubles.
I cant stand those Payday loans, they should be outlawed people will NEVER get ahead with those things, the interest/fees are ridiculous most likely if you are borrowing $500 this paycheck you will be paying it back with your next one and then be short again and go through the same hoops.
Peronsally I have a LOC I try not to use unless I need to which I, for the most part, have paid off every month. Other than that maybe a few hundred bucks on a credit card from random stuff.