Avoid Credit Cards At All Cost

Many students who manage to consolidate their student loans often start using their credit cards again. They do this before paying off their school student consolidation loan. Remember that doing this will make your position worse off in the long run. Not only will you have your consolidated loan to pay off, but also your credit card.

It is important to pay off your school loan first, before getting into further debt. It maybe worth while to cut up your credit card until the loan is paid back. If you do have to find further credit, make sure you can afford the monthly repayments.