Should I use my student loan money on useless/fun stuff, or a buy a house out of foreclosure?
Posted by StudentLoan on August 8th, 2010 | 5 comments
I have regularly used tyro loan $ to live on, celebration as well as roving etc. This division I’m receiving out the large loan in hopes of removing the excellent understanding upon this foreclosure. you no longer wish to compensate lease when you could buy the residence for 2 years value of rent. you additionally have dogs which need the yard!
Should you go broke, buy the house/make the repairs as well as live off what my fiance as well as you have (like you have been now)? Or outlay the income upon the most indispensable latest automobile as well as the outing to Egypt?
I usually have 10k of tyro debt as of straight away as well as you connoisseur in the year. This tyro loan will place me up the couple of 10s of thousands.
Comments
go to egypt after you pay off that loan.
Sounds like your going to spend it one way or another so i’d suggest you buy the house… its a better investment. Be careful though, sometimes college kids go over board with student loans cause it seems like free money at the time. Just make sure you’ll be able to pay it back when it comes due. One thing i will warn you about is the interest rate… expect it to skyrocket after a few months or year or so, even if they say it’s “fixed”… “can only go up to a certain rate” blah, blah, blah. I’ve seen student loans go up to 19% before. Be careful with them!
Take advantage of the Student Loan while you’re a student. I reckon you already answered your own question by claiming that the fun stuff was useless stuff versus the house. You already know your priorities. What you really need in life are necessities: food, shelter and clothing. The student loan can help you finance your down payment for shelter for a very low percentage rate. I only hope you used your loan for drinking water, coffee or juice, and not on alcohol. Tsk, tsk. Excellent Luck
DO NOT BLOW IT!!! Talk to some ppl that have student loans and are trying to pay them back. It’s very hard.
If you want to make an investment, fantastic, but I would be really hesitant to suggest blowing it.
Take it from someone who is in the situation and didn’t even spend my money on junk. And I have friends who are now in fantastic debt and fighting to get out of it.
go to http://www.grandfundingsource.com
and fill out ur info
they’ll call you
this is the best way i can help you with. anyone can get money regarless what they wanna do.
what you wanna buy ? cuz you can also get it for free at giveaway