Debt Management Advice
When it comes to managing debt, everyone could use some helpful advice. We all know that the path to financial well-being is to borrow responsibly and manage debt effectively, but many graduates are unsure how.
Pay Off Your Loans Early
One path to financial success is to pay off your student loans as early as possible. When you do, you not only shorten your repayment term but you also pay less interest over the life of the loan because you repay your principal balance at a faster rate.
Consider tips on how to pay off your student loans.
Manage Credit Wisely
How much you've borrowed, how you have repaid your debts and your general borrowing behavior impact your credit score and becomes part of your credit history. Your creditworthiness is important anytime you apply for a loan, buy insurance or to purchase a cell phone. Employers can also use credit history to evaluate candidates for employment.
Get advice on how to manage your credit.