DebtFreeIQ.com: student debt consolidation loans guide to freedom

As anyone approaching graduation from college will tell you, the prospect of paying student loans is not quite something to look forward to, but is certainly unavoidable. Sadly, student debt consolidation loans are on the rise because in today’s job market, the job you get after graduation may not give you enough cash flow to pay off those student loans. There is help for those individuals who, upon entering the job market, find themselves in this position. On occasion, the lender will be willing to cooperate with you in order to make the loans easier to pay off. Student debt consolidation loans aimed at combining your student loans will take your loans from different institutions, combine them into one monthly payment with a, typically, lower debt interest rate.

Most lenders realize that, right out of school, it is unlikely students will be making six figure salaries. This is part of the reason student debt consolidation loans are so highly recommended. Starting off a new job, family, or, indeed, life can be hard as it is; making your debts simpler to repay is just one way to make it a little more of a simple process. This is not to say that the repayment of debts can be put off forever; however, smartly planning the way in which you pay it back will make it far more manageable. It is important that these new graduates do not get caught up in their newfound independence and sign up for a multitude of high credit limit credit cards. It’s easy to use those cards to wind up getting in even more debt than the student loans set you up at. This can really decrease your financial flexibility in times to come.

If you’re in college right now and have already accumulated these poor spending habits, it’s not too late to change; in fact, it’s imperative that you do! Things are not going to get easier after you graduate; don’t wait until it’s too late to realize that. Whenever you can, make sure you use cash, and not credit. Though plastic may seem convenient, it’s a convenient road to trouble if you’re not careful.

Studying for the next chapter in life

College is not just About getting a career; it’s about getting a life. For years, students have lived off of their families, and college teaches you how to do it on your own. A college degree may open the door for the job you’re seeking, but if you don’t learn how to be fiscally responsible in the process, that new job is not going to be enough to support you.

Even though it can be difficult, it is worthwhile to work part time to pay for your incidental expenses than to rack up the debt on your credit card. The part time work will look good when you go looking for your career, and you won’t have as much debt when you graduate. Hopefully, when you do leave school, your loans will be all that’s in your name. A smart student debt consolidation loan can help make those loans even more manageable. Keeping a smart distinction between what you need and what you want can help keep that a possibility.

Here are some more student debt consolidation loans resources...

7 Ways to Spot a Credit Repair Scam
If you've recently had an application turned down because of bad credit, you know the importance of good credit as well as anyone. Having bad credit can make life a little inconvenient. You might find yourself paying high security deposits or getting turned down for credit cards, loans, and even jobs....<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/27/7-ways-to-spot-a-credit-repair-scam.htm">Read Full Post</a>
12 Reasons Your Budget Isn't Working
Are you about to give up budgeting because you can't get your budget to work? Check out these <a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/od/reducingdebt/tp/troubleshoot-budget.htm">12 reasons your budget isn't working</a> before you throw in the towel. Usually when budgets go wrong, it's because of the method, not the budget itself....<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/25/12-reasons-your-budget-isnt-working.htm">Read Full Post</a>
Beware Email and Phone Credit Card Scams
Credit card thieves come up with more clever ways of tricking you into giving your credit card information. They like to pose as your credit card company, calling or emailing you to alert you to trouble with your account. Be suspicious any phone calls or emails you receive from someone claiming to with your bank or card company....<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/24/beware-email-and-phone-credit-card-scams.htm">Read Full Post</a>
The Debt Collector Could Be Checking Your Facebook
If you tell the debt collector you're about to file bankruptcy today, you probably shouldn't post pictures of your new Corvette tomorrow. Otherwise, the debt collector could use that information against you. The <a href="http://clk.about.com/?zi=1/1hc&zu=http://azstarnet.com/business/local/article_400b63da-f20e-5d16-900c-7bc6f2728a61.html">Arizona Daily Star</a> report tells of a the debt collector who discovered information on Facebook and used it to confront a businessman who'd lied about his inability to pay a $17,500 debt. That confrontation got him to pay up....<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/20/the-debt-collector-could-be-checking-your-facebook.htm">Read Full Post</a>
Could This Be the Best Cashback/Balance Transfer Card Ever?
How does this sound for a cash rewards deal? Five percent cashback on gas purchases, two percent on groceries, and one percent on everything else. What about a 4.99% interest rate on balance transfer for two years?...<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/15/could-this-be-the-best-cashbackbalance-transfer-card-ever.htm">Read Full Post</a>
Which Comes First: Mortgage or Credit Card Payment?
In this economy, more people are choosing to pay their credit cards over their mortgages, according to a <a href="http://clk.about.com/?zi=1/1hc&zu=http://www.marketwire.com/press-release/TransUnion-Study-Finds-More-Consumers-Making-Payments-on-Their-Credit-Cards-Before-Their-1111336.htm">TransUnion study</a> released in February. Traditionally, homeowners would pay their mortgages before anything else because they wanted to keep their homes....<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/14/which-comes-first-mortgage-or-credit-card-payment.htm">Read Full Post</a>
Looking for Money to Pay Your Debt?
If every penny of your paycheck is already dedicated to something else, paying off debt seems out of reach. You can come up with the money to pay off your debt, but you have to be creative. For example, have you considered getting a roommate or border? What about selling some old things on eBay or Craigslist? I have a list that includes 77 ways to come up with extra money for your debt. <a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/od/reducingdebt/a/moneyoutofdebt.htm">Check it out</a>....<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/13/looking-for-money-to-pay-your-debt.htm">Read Full Post</a>
Will a Magnet Stop Your Credit Card From Working?
I'm pretty sure some of you ladies have had a credit card stop working after you've put it in a purse or wallet with a magnetic closure. Apparently any type of magnet, and possibly even your cell phone, could potentially stop your credit card from working. Check out this article from CreditCards.com: <a href="http://clk.about.com/?zi=1/1hc&zu=http://www.creditcards.com/credit-card-news/magnets-wipe-out-credit-card-data-cell-phones-1272.php">6 answers about magnets' impact on credit cards</a>....<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/12/will-a-magnet-stop-your-credit-card-from-working.htm">Read Full Post</a>
The Credit Card Fraudster's Favorite Schemes
Credit card fraud has been heating up right along with the summer temperatures. It seems like there are more credit card fraud stories than ever. In all the fraud stories, there seem to be some types of schemes that credit card thieves like more than others. Perhaps these are the ones that are most successful. Check out <a href="http://clk.about.com/?zi=1/1hc&zu=http://www.cardratings.com/creditcardblog/2010/07/cards-scams-fraud-rings.html">Fraud Rings' Five Favorite Schemes</a> from CardRatings.com.
Police Find Credit Card Skimmers Equipped With Bluetooth
In a few Gainesville, FL gas stations, police have uncovered credit card skimming devices equipped with Bluetooth. This means the credit card thieves don't even have to get out of their vehicle to retrieve the credit card numbers picked up by the device. They just have to be close enough to the gas pump to connect via Bluetooth and then they can download stolen credit card data to a cell phone or laptop computer....<a href="http://clk.about.com/?zi=1/1hc&zu=http://credit.about.com/b/2010/07/09/police-find-credit-card-skimmers-equipped-with-bluetooth.htm">Read Full Post</a>