http://www.student--creditcards.com Helping students pick a credit card Sun, 07 Mar 2010 09:48:43 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://www.student--creditcards.com/2010/03/college-loan-consolidation-services/ http://www.student--creditcards.com/2010/03/college-loan-consolidation-services/#comments Sun, 07 Mar 2010 09:48:43 +0000 admin http://www.student--creditcards.com/2010/03/college-loan-consolidation-services/ The cost involving in the university degree courses in colleges is the main reason for college loan consolidation services, increased demand. In United States the costs in private institutions got rose, henceforth spurring demand. Now the students have to accumulate immense debts, if they have to pursue for school graduation or even for studying abroad, which are far away from the reasonable debts in olden days. The gap between the financial aid provided to the needy ones and the cost for the degree is opening up in an alarming rate. For the payment of college tuition fees current crop of students have to face the nasty repeated borrowing cycle. Management of the college debt can be effectively done by setting up of program, as a part of college loan consolidation through which you can ease off the burden.

College loan consolidation

A service which permits the students to bring down the monthly amount which are payable for reimbursing the student loans can be termed as College loan consolidation. The monthly amount payable becomes smaller if the payment schedule is longer for the loan. These services do have its fair share of benefits. There is a way to save hundreds and thousands of dollars during whole period of repayment by this process. This is possible if you choose the fixed interest rates than the fluctuating interest rates. You will have more flexibility with your money with smaller monthly payments as well as savings on your fees. You can have lots of options like investing, savings or even vacations with the saved money.

Separation of the private student loans as well as the federal student loans is not that bad if you have plans for college loan consolidation. Combination of both those loans has got a deficiency that there is a chance for losing out on benefits of tax deduction on interests for the federal student loan of yours.

Selecting the company

It’s extremely important to lend money from a company which has got good reputation and credibility as the lender. This is because the lender has a big role to play in the college loan consolidation process.

Students with good record of consecutive as well as regular payment of the past student loans maybe offered certain incentives through reduction of interest rates. Take ample time and analyze the incentives offered by different companies which lend money before opting for one. Assistance from loan counselors at your chosen site might be helpful for deciding whether the college loan consolidation offered is worthful as well as cash reaping one for the pocket.

Advantages of consolidation

Right now it’s advisable to take advantage of low interest rates. So better not be late, go and find a good lender. College loan consolidation is a getaway for you from the student loan problems you face. Once you get this loan you can have a sigh of relief from the tensions of paying high interests and big sums of old student loans as you get more time to repay through the college loan consolidation process.



By: Rahul Valia ]]> http://www.student--creditcards.com/2010/03/college-loan-consolidation-services/feed/ 0 http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/ http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/#comments Fri, 05 Mar 2010 04:02:27 +0000 admin http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/
I’m thinking about opening a student credit card. (please no answers on how I shouldn’t get one) and I am reading over the terms and conditions. It states that the grace period for the Citi Student card is 20 days. Does that mean that I get my bill after 20days? Or, is it the standard 30 days like any other credit card? If the grace period is different, what is it? Thanks!
]]> http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/feed/ 2 http://www.student--creditcards.com/2010/03/student-debt-consolidation-guide/ http://www.student--creditcards.com/2010/03/student-debt-consolidation-guide/#comments Fri, 05 Mar 2010 03:54:04 +0000 admin http://www.student--creditcards.com/2010/03/student-debt-consolidation-guide/ As every student needs to pull their way through college or university, finances always become an issue. With the many loans offered today, students have no problem scraping for cash for their education. If you’ve just graduated and have got loans to pay back, there are a couple of things you should know.

Although at this point, the best thing to do would be to consolidate all your loans and get it over with. But do a little research. First, check your credit history. If it’s not looking in tip top condition, then consider consolidation. You would probably end up paying a much higher interest rate, and though your monthly payment may be lower, you’ll end up paying much more in the long run. Try to keep your priority on paying off your current loan’s interest on time or they would slowly keep hiking it up. Come up with a payment scheme in which your goal is to pay a bit more than necessary. This way, you get to eliminate your debt quicker and you would be able to improve your credit score as well. The better your credit score, the lower the interest rate you will be offered on consolidation.

Next thing you should know is that, if you’ve got two different loans, one of which is federal, don’t consolidate that together with another loan. This would only make you lose out on the benefits of federal loans. Also, make sure you understand and can accept the terms and conditions of debt consolidation before accepting it. You have to know what you’re doing and what you’re getting yourself into as it involves the future of your finances. Get a representative from the company to give you a step by step explanation.

As a student, you may not see how important and vital this is, falling into debt is a serious thing. If you can’t pay your sum off, before you take the next step, confide in an expert for some professional help.



By: Rowena Fernandez ]]> http://www.student--creditcards.com/2010/03/student-debt-consolidation-guide/feed/ 0 http://www.student--creditcards.com/2010/03/capital-one-credit-card-question-2/ http://www.student--creditcards.com/2010/03/capital-one-credit-card-question-2/#comments Thu, 04 Mar 2010 23:09:05 +0000 admin http://www.student--creditcards.com/2010/03/capital-one-credit-card-question-2/
I own a student credit card and have a question. I’m close to hitting my $300 limit for my credit card. If I use it and go over will I be charged a fee each time I go over the limit or just once?
]]> http://www.student--creditcards.com/2010/03/capital-one-credit-card-question-2/feed/ 2 http://www.student--creditcards.com/2010/03/credit-card-for-daughter/ http://www.student--creditcards.com/2010/03/credit-card-for-daughter/#comments Tue, 02 Mar 2010 01:25:17 +0000 admin http://www.student--creditcards.com/2010/03/credit-card-for-daughter/
Ok i need to know what would be the best way to help my daughter build her credit up.
she is a fulltime college student with no income.she has a bank account to which i transfer money into every 2 weeks,so would it be better for her to try and apply for a student credit card,or put her on one of my credit cards as a user .this is her senior year and she needs to start building credit.Or if you have any other ideas that would be great . thanks for the help .
]]> http://www.student--creditcards.com/2010/03/credit-card-for-daughter/feed/ 5 http://www.student--creditcards.com/2010/02/what-activitiesideas-wouldyou-dohave-on-a-8000-person-college-campus-for-a-student-debt-week/ http://www.student--creditcards.com/2010/02/what-activitiesideas-wouldyou-dohave-on-a-8000-person-college-campus-for-a-student-debt-week/#comments Sun, 28 Feb 2010 07:16:54 +0000 admin http://www.student--creditcards.com/2010/02/what-activitiesideas-wouldyou-dohave-on-a-8000-person-college-campus-for-a-student-debt-week/
I am a student leader on a small rural college campus in Minnesota and we are hosting a student debt week to make our student aware and involved in student debt issues. We have some ideas ourselves, but any help or ideas would be appreciated. We are trying to get students to come to our Rally Day at the Minnesota State Capitol on Feb 14 and we want students to understand the issues surrounding them. Anything that you can provide will help our cause!! On behalf of our Student Senate and me included, thank you for your help!!!!!
-Student Leader
]]> http://www.student--creditcards.com/2010/02/what-activitiesideas-wouldyou-dohave-on-a-8000-person-college-campus-for-a-student-debt-week/feed/ 2 http://www.student--creditcards.com/2010/02/student-credit-cards-and-reward-points/ http://www.student--creditcards.com/2010/02/student-credit-cards-and-reward-points/#comments Fri, 26 Feb 2010 09:18:25 +0000 admin http://www.student--creditcards.com/2010/02/student-credit-cards-and-reward-points/
As a college student, did you know that you can actually get a card with rewards? Well, you can! Most students believe that you can only get a credit card that gives you nothing. As many credit companies are trying to lure students in, they are offering more perks like cash back, points or even prizes for good spending habits!

A common question that is brought up often is “what can I get for my points?” Well, the first thing we need to look at is what credit card company you’re going to apply with. Some will give you points back while others will give you cash back as a credit on your statement. Once again, this all depends who you go through.

If you’re applying for a card that gives you points back, you’re going to find that it takes about 2,500 points to get a gift card at the minimum. Now, if it takes $1 to get a point, you’re going to need to spend $2,500. I know it sounds like a lot but it really isn’t and I’ll explain why. Most cards will give you bonuses for purchases. Let’s say a card gives you six times the points every time you fill up for gas or three time the points every time you buy groceries. You can probably see how this adds up now.

When you apply for a card, look at how your points work. Try and take advantage of the point system so that you can get the most out of it. As long as you do your homework, you should find a great card that works for you and your wallet.
]]> http://www.student--creditcards.com/2010/02/student-credit-cards-and-reward-points/feed/ 0 http://www.student--creditcards.com/2010/02/im-a-college-student-and-need-money-now-for-a-new-car-and-books-how-can-i-do-this-and-improve-my-credit/ http://www.student--creditcards.com/2010/02/im-a-college-student-and-need-money-now-for-a-new-car-and-books-how-can-i-do-this-and-improve-my-credit/#comments Thu, 25 Feb 2010 03:29:31 +0000 admin http://www.student--creditcards.com/2010/02/im-a-college-student-and-need-money-now-for-a-new-car-and-books-how-can-i-do-this-and-improve-my-credit/
I have no credit and need to improve my credit rating but I cannot get a loan or a credit card with no credit.
]]> http://www.student--creditcards.com/2010/02/im-a-college-student-and-need-money-now-for-a-new-car-and-books-how-can-i-do-this-and-improve-my-credit/feed/ 1 http://www.student--creditcards.com/2010/02/citi-student-credit-cards-help/ http://www.student--creditcards.com/2010/02/citi-student-credit-cards-help/#comments Wed, 17 Feb 2010 22:40:01 +0000 admin http://www.student--creditcards.com/2010/02/citi-student-credit-cards-help/
Hello, I need help on what you consider the best thing I should do. I have recently applied for a Citi Dividend Platinum Student and got approved. I have already activated it as well, but have not use it yet. I am still waiting for my pin in the mail. However, I have suddenly change my mind and prefer/rather have the mtvu student credit card instead. Since I really do not spend as much therefore this card won’t really reward me. Btw, I am a college student with no history yet Should I apply for the mtvu and wait to get approve then cancel the other one? I know it may hurt me in the long run,but how bad?
]]> http://www.student--creditcards.com/2010/02/citi-student-credit-cards-help/feed/ 4 http://www.student--creditcards.com/2010/02/first-time-renting-with-credit-score-of-592-college-student-help/ http://www.student--creditcards.com/2010/02/first-time-renting-with-credit-score-of-592-college-student-help/#comments Mon, 15 Feb 2010 05:22:52 +0000 admin http://www.student--creditcards.com/2010/02/first-time-renting-with-credit-score-of-592-college-student-help/
I’m going into my 2nd year of college since I’m done with my basics but I am transferring so I am looking into renting my first apartment, I was victim of identity theft before I turned 18 so now I’m having to rebuild my credit and its at 592 since I only have one credit card and one student loan which I’ve paid perfectly. Shows on my credit score perfect for over a year with good payment. Please Help!! Will this affect me from renting?? I’m looking into this one apartment and I’ve saved up enough to pay first months rent, deposit and last month of rent also and a little extra for bills for about 3 months. Any Help Greatly Appreciated!
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