Comments on: Credit Cards & College: A Recipe for Success http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/ An educational community for students and doctors spanning all the health professions. Sun, 22 Nov 2009 05:10:17 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: credit lover http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-3430 credit lover Mon, 22 Dec 2008 06:21:50 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-3430 There's nothing wrong with credit cards if you simply pay out your balances every month in full. Then its simply a very convenient way of paying through cash, without always having to carry enough bills around and worrying about saving loose change. Plus, I get 3% cashback with my rewards credit card!!!! There’s nothing wrong with credit cards if you simply pay out your balances every month in full. Then its simply a very convenient way of paying through cash, without always having to carry enough bills around and worrying about saving loose change. Plus, I get 3% cashback with my rewards credit card!!!!

]]> By: findcollegecards http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-848 findcollegecards Sun, 22 Jun 2008 23:13:53 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-848 It's so nice to see someone write nice thing about credit cards and students. Credit cards usually get a bad name from the people that don't know how to use them and students just assume they are bad altogether. Listen, if you pay your bill off in full each month, you can really take advantage of the rewards! It’s so nice to see someone write nice thing about credit cards and students. Credit cards usually get a bad name from the people that don’t know how to use them and students just assume they are bad altogether.

Listen, if you pay your bill off in full each month, you can really take advantage of the rewards!

]]> By: Troy http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-847 Troy Tue, 15 Jan 2008 06:11:39 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-847 This "advice" should just be deleted. No college student should be given a credit card at 19% APR. Personally, I find myself with $6,000 in credit card debt and no income to possibly manage the $171 a month just to keep my head above water. I started my academic career with no debt, but over the last 5 years things have gotten out of control. I'm worried that I'll start my career in 2.5 years in crippling debt or even bankruptcy. How about an SDN exclusive about that from someone with NO vested interest in the outcome of the advice? This “advice” should just be deleted. No college student should be given a credit card at 19% APR. Personally, I find myself with $6,000 in credit card debt and no income to possibly manage the $171 a month just to keep my head above water.

I started my academic career with no debt, but over the last 5 years things have gotten out of control. I’m worried that I’ll start my career in 2.5 years in crippling debt or even bankruptcy. How about an SDN exclusive about that from someone with NO vested interest in the outcome of the advice?

]]> By: Karen http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-839 Karen Wed, 26 Dec 2007 11:09:16 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-839 Sometimes it seems that credit card companies profit much from student credit cards ( http://www.get-best-card.com/Student-Credit-Cards-1026596-page.php ) especially. Most young people apply for credit cards to show their independence and credit institutions take this opportunity. Sometimes it seems that credit card companies profit much from student credit cards ( http://www.get-best-card.com/Student-Credit-Cards-1026596-page.php ) especially. Most young people apply for credit cards to show their independence and credit institutions take this opportunity.

]]> By: Anonymous http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-843 Anonymous Fri, 30 Nov 2007 00:37:28 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-843 The whole point of being a doctor does not have anything to do with staying out of poverty. The whole point of being a doctor is helping people. There are plenty of other career oppurtunities that allow to be out of poverty and without a budget that do not involve patient's lives. Maybe you should reconsider being a doctor if all you are concerned about is money! The whole point of being a doctor does not have anything to do with staying out of poverty. The whole point of being a doctor is helping people. There are plenty of other career oppurtunities that allow to be out of poverty and without a budget that do not involve patient’s lives. Maybe you should reconsider being a doctor if all you are concerned about is money!

]]> By: Snail http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-842 Snail Tue, 13 Nov 2007 22:06:29 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-842 Pt 2... Establish your credit? FOR WHAT? To buy a house? Well, let's see, if you are a doctor making 120k/yr and taking home about 85k, and spend 35k on expenses, then it will only take 4 years to save your own money to buy your own house. Want a car? Save another year and buy a 50k car with cash. The whole point of being a doctor is to not have to be forever in POVERTY paying the minimum monthly payment b/c of stupid spur of the moment purchases and not having a BUDGET. Pt 2…

Establish your credit?

FOR WHAT?

To buy a house? Well, let’s see, if you are a doctor making 120k/yr and taking home about 85k, and spend 35k on expenses, then it will only take 4 years to save your own money to buy your own house.

Want a car? Save another year and buy a 50k car with cash.

The whole point of being a doctor is to not have to be forever in POVERTY paying the minimum monthly payment b/c of stupid spur of the moment purchases and not having a BUDGET.

]]> By: Snail http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-841 Snail Tue, 13 Nov 2007 21:59:26 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-841 This has to be the most absurd thing I have ever read. Building your credit is the biggest myth the banks have sold society. People with money don't need credit cards, it is only people who don't have money that need them. Be wise and steer clear of credit cards especially when you are an UNEMPLOYED/UNDEREMPLOYED student, you really can't afford it. This has to be the most absurd thing I have ever read.

Building your credit is the biggest myth the banks have sold society.

People with money don’t need credit cards, it is only people who don’t have money that need them.

Be wise and steer clear of credit cards especially when you are an UNEMPLOYED/UNDEREMPLOYED student, you really can’t afford it.

]]> By: Opra http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-840 Opra Tue, 13 Nov 2007 11:14:16 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-840 I think that student credit cards, as ell as other cards have both advantages and disadvantages. Your article will be useful for those who want to establish their credit. I think that student credit cards, as ell as other cards have both advantages and disadvantages. Your article will be useful for those who want to establish their credit.

]]> By: Anonymous http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-846 Anonymous Sat, 03 Nov 2007 17:18:07 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-846 Pay it off now. Do what ever it takes. That interest keeps building and building. Also, keep paying off the principal, not the interest. Make sure when you send in the check, specify that. Call the CC company to find out exactly how. Pay it off now. Do what ever it takes. That interest keeps building and building. Also, keep paying off the principal, not the interest. Make sure when you send in the check, specify that. Call the CC company to find out exactly how.

]]> By: Anonymous http://www.studentdoctor.net/2007/10/credit-cards-college-a-recipe-for-success/#comment-845 Anonymous Thu, 01 Nov 2007 06:22:41 +0000 http://studentdoctor.net/blog/2007/10/31/credit-cards-college-a-recipe-for-success/#comment-845 Tough break kid. I think you can get additional student loans to use to pay off your CC debt. I've heard of people borrowing way more than their annual tuitions worth and using the money to by nice televisions, etc. I don't see why you couldn't do that and pay off your CC debt. It would certainly allow you to save a ton of money by paying less interest and would also probably allow you to defer payments till after medical school or maybe residency. Talk to your financial aid office...they might be able to guide you on how to do something like this. Best of luck. Tough break kid. I think you can get additional student loans to use to pay off your CC debt. I’ve heard of people borrowing way more than their annual tuitions worth and using the money to by nice televisions, etc. I don’t see why you couldn’t do that and pay off your CC debt. It would certainly allow you to save a ton of money by paying less interest and would also probably allow you to defer payments till after medical school or maybe residency. Talk to your financial aid office…they might be able to guide you on how to do something like this. Best of luck.

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