[MGMT 478] - Midterm Exam Guide - Everything you need to know! (12 pages long)
6 Feb 2017
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Student debt bubble: banks take credit cards in account when thinking about giving a loan, a third of credit card profits are from fees. They want you to be maxed out and paying the minimum: students do need a credit card. Help pay rent, utilities, phone bill, etc. Credit cards do not help your credit score, they hurt your credit score. People need to learn to pay it off and not abusing it. The more debt you get the higher your interest rate will go up. Credit card debt is worse than people realize: it is expensive, it cuts off other things that you can get if you are in debt. Student loan debt has gotten better on average throughout time. You can only consolidate your student loans once. University of iowa educated them on the front end before giving someone a student loan so that they knew what they would have to pay when done with school.
