Managing Debt Flagstaff AZ

Whether you're still in school or have already graduated, keep these rules in mind as you make borrowing and spending decisions.

A New Beginning Credit Consulting
(480) 695-6435
P.O. Box 30522
Flagstaff, AZ
 
West Valley Mediation Center
(623) 412-2508
6670 W Cactus Raod, Ste A-102
Glendale, AZ
 
Past Lives Healing LLC
(928) 300-1611
31 Spur Circle
Sedona, AZ
 
LifeLock
(480) 457-5110
60 E. Rio Salado Parkway
Tempe, AZ
 
Premier Debt Solutions
(602) 889-7244
5450 East High Street
Phoenix , AZ
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Desert Schools Federal Credit
(623) 335-5960
7975 W Peoria
Peoria, AZ
 
Karl A Mueller Law Office
(602) 357-0972
1425 S Higley Rd
Gilbert, AZ
 
Verde Valley Guidance Clinic
(928) 634-2236
8 Cottonwood
Cottonwood, AZ
 
MoneyQuest Corporation
(602) 799-4155
Po Box 5267
Peoria, AZ
 
Sun Country Credit Union
(623) 975-2100
19436 North R H Johnson Blvd
Sun City, AZ
 

Managing Debt

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Are you a college student or a recent graduate? Chances are, you're saddled with a hefty amount of student loans as well as consumer debt, like car payments and credit card balances.

Two-thirds of undergraduates emerge from college with student loans, with the average amount from federal loans alone (Stafford and Perkins loans) just above $19,000. Throw graduate school into the mix, and those numbers get even scarier.

Some students and graduates have already learned how to make smart borrowing decisions and manage their debt. Others are in for a rude surprise -- it can take years to get out from bad financial decisions you made before you even started your first real job.

That's a pity, because one of the main reasons for going to college is to invest in yourself, to increase your earning power down the road, and to open doors for yourself. If you make stupid financial decisions while you're in college and as you transition into the working world, you're squandering your big investment and limiting your choices. Think money gives you freedom? Not if it's borrowed and badly managed. Why close doors on yourself?

Whether you're still in school or have already graduated, keep these rules in mind as you make borrowing and spending decisions.

Smart debt vs. stupid debt

Not all debt is bad. Student loans, for example, are a smart investment if you invest that debt in the right program and do well there. When is educational debt bad? When you're wrecking your transcript because you're out partying all the time, for example, or you borrow for a school or a degree that won't enable you to pay that debt back....


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