Just because you can get the loan, doesn’t mean you should. Remember that the first rule of borrowing is that you have to pay it back. Some debt will be necessary to achieve certain goals, like owning a home and getting through school. But making bad loan choices can really screw up your future plans. Always read the fine print, shop around and understand what you are agreeing to when you borrow money.
GET IN THE HABIT:
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ALWAYS READ THE FINE PRINT. | ![]() |
BEFORE BORROWING, MAP OUT YOUR PAYMENTS AND UNDERSTAND HOW YOU WILL REPAY. |
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BORROW WHAT YOU CAN AFFORD TO PAY BACK, NOT THE BIGGEST LOAN YOU CAN QUALIFY FOR. | ![]() |
ALWAYS SHOP AROUND FOR THE BEST INTEREST RATES. |
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KNOW THE DIFFERENCE BETWEEN GOOD DEBT AND BAD DEBT. | ![]() |
ASK QUESTIONS ABOUT ANYTHING YOU DON’T UNDERSTAND. |

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