How Applying for a Student Loan Feels Different These Days

Mini graduation cap on rolled up cash.

Parents and students will agree that there’s an increased sense of uncertainty today when it comes to pursuing higher education plans. Even those who have set aside college funds for their children might now be dealing with unemployment, and so now must seriously look into available higher education loan opportunities.

Different kinds of financial aid, from scholarships to loans, can be sought out to help students increase their chances of securing funds to secure their educational future. As with any other types of loans, there’s going to be a stringent application process you’ll need to get through first before approval. To apply for a student loan, forms will need to be filled up, and requirements will need to be sent. In other words, there’s a lot of information gathering and data collecting that will occur.

Student Loans Then and Now

Before diving into those specifics, let’s first take a look at what you can expect in today’s student loan landscape. Perhaps the first thing you need to know about student loans is that you’re not the only one interested in applying for it. As a matter of fact, there is over $1.64 trillion worth of student loan debt in 2019, $1.515 trillion of which come in the form of federal loans, while the other $124.65 billion comes from private funding, according to the December 2019 data from the Department of Education.

These numbers are staggering. And give you an idea of just how much clamor there is for it in the country. And these numbers keep growing every year.

We were still only dealing with billions back then, and now it’s in trillions. It only took a full decade to double that amount in billions to trillions today! Can you imagine how much more it’s going to be in the next decade?

The Rise in Student Loans

As more people seek out higher education, whether in college or post-graduate studies, the more student loan opportunities—and rates—go higher. There are a variety of reasons for this.

One is that the cost of schooling itself increases every year. Colleges and universities may justify these tuition fee increases with improvements in faculty, facilities, and curriculum. Of course, they would want to reassure you that you’ll be getting your money’s worth if you do decide to come to their institution.

Another thing you should know before you apply for a student loan is that you can expect an average of $35,397 student loans per person. So if you’re planning to take out a loan, it would be great if you could also have a reasonable expectation of where you’re going to get funding to repay the loan. After all, student loans aren’t simply offered on principal amount; there are interests and possibly other add-on rates that may be attached to it.

Simply put, it’s definitely a long-term commitment that you would do very well to prepare well for and take seriously.

Understandably, the idea of taking out a student loan today, especially in this very uncertain economic climate, is nerve-wracking. However, from then and now, student loans have proven to be a reliable option to help you pursue your life goals by way of completing your education.

How to Be Smart about Student Loans

Taking out student loans is a serious responsibility, yes. But with proper management, it is possible to prevent it from overwhelming your life or drowning you in debt for many years to come. Here are some of the first steps and considerations you need to take if you are planning to apply for a student loan.

Set A Budget

How can you set a budget when you don’t know how much loan amount will be offered to you? The answer is simple: list down your options for colleges and universities and see how much they cost. Doing this should give you an idea of the range of costs you should aim for when you take out a loan.

The cost of tuition will depend on how prestigious and exclusive the institution is. Ivy league schools are definitely going to require a lot more in terms of finances. Smaller private institutions, like art universities, also tend to be in the higher range of tuition costs because of the perception of exclusivity attached to it.

Other more “regular” colleges and universities may cost a little less. But don’t take it to mean that it’s going to be so much more affordable. Whichever option you take, it’s still going to cost a serious amount of money. You’re talking about funding for your entire four years (at the minimum!) of your degree, after all.

This is also why it’s crucial for you to think very hard about what course you’re pursuing before you apply for a student loan. Is this something that you could build and grow into as a serious career, or is this something more of an interest elevated to a higher level? How marketable are the skills that you can have in this degree you want to earn? What is the job market like upon your graduation? Does your area of study allow you to pivot to a different career path seamlessly in case you need to?

Make a Good Plan

We know, it’s definitely a lot to think about. But you have, because remember, once you take out the loan, it’s your responsibility to pay it back. Therefore, whatever it is that you’re using it for, you should at least try and make sure that your next steps in the future, upon graduation, are going to be helpful to you in bearing this responsibility.

As you’ve seen in today’s world, there is no guarantee for success, that much is true. But also, preparation really is key to make your future just a little bit more secure. So you don’t let financial obligations like student loans take over your life. At the very least, you can try.

It is highly advisable that in your search for the best-suited loan offer for your needs, you prepare the basic document requirements as well. You might also want to make duplicates of these documents, especially if you intend to make multiple applications.

Approaching Student Loans

Student loans can be terribly intimidating, we know that as much. The sheer amount of money involved in the conversation is enough to send a first-time student loaner tossing and turning at night.

When taking steps to apply for student loans, regardless if it’s your first time or not, it’s always good to take a comprehensive look at what awaits you in the deal. Know what are the moving parts in taking out a student loan.

The requirements for a student loan application will depend on what type of loan you are seeking out. At the most basic, however, you will need your social security details, proof of residency, and good credit standing. In some instances, you may be required to have a co-signer, such as your parents, especially if your credit history is not sufficient enough for a loan as big as a student loan.

How much money you will be offered rests on different standards. The lender might look at the school that you’re interested in, and compare that with how much of the costs you can actually afford to shoulder on your own. Family income, average living costs, outstanding loans, and credit history are among the basic information that the lenders will be most interested in.

Interest rates for student loans are compounding. This means that for every year you have an outstanding loan with your lending institution, the total cost of what you will pay them increases. Generally speaking, the sooner you pay off your student loan, the lower the interest rate you’ll have to deal with.

As a tip, don’t be lured in by easy promises of huge money to fund your education. Always read the fine print and make sure you’ve studied the terms and conditions before signing on the dotted line. If the process seems too easy and too good to be true, then that’s probably because it is.

That’s why you should really take the time to study your options and compare the different offers out there. If there’s one major change you can be grateful for a decade ago, it’s that information and fact-checking is a lot easier now, thanks to the internet. Put in the work for research so you can come up with a well-informed decision. Your future literally depends on it.

Types of Loans

Ideally, this should be your first choice should you decide to take out a loan. That’s because federal loans tend to have good offers with lower and more reasonable terms. Plus, federal loans do allow for student loan forgiveness in the future, assuming that you meet their criteria.

Subsidized loans ease much of the financial burden on you because it is the Department of Education that pays for the interest of your loan for at least half the time you’re in school. They also will continue support for the first six months after your graduation, and then also during a deferment period.

What you have to remember about federal loans, however, is that the school will be the one to determine how much you should get. That, plus the fact that there is a cap on how much you can loan. Whether you get subsidized or unsubsidized loans.

This type of loan is specifically for parents who would like to support their dependent children in their students. Direct Plus Loans will require a credit check, and the offer will mostly depend on the parent’s credit history. The interest rates also tend to be a little bit higher than federal loans, although there are choices for repayment that can suit the needs of the borrower

Private loans are offered by financial institutions like banks. Therefore, taking out a student loan through private lenders should more or less have the same process as with any other type of loan.

They will do a hard check on your credit history to verify your eligibility. And again might need to require a co-signer. You must clearly identify who the primary lender will be. In this case: is it going to be or your parents?

Private loans also do offer a variety of options for loan repayment. Do you think you can manage a monthly schedule? Which will start running as soon as the funds are released to your account. Or would you rather defer the payments until after you’ve graduated? Each choice will have its pros and cons so make sure to think about it hard.

When you apply for private loans, you’ll also be the one to identify first how much you think you’ll need. You can justify your application by saying it’s for student loan housing on top of tuition and other additional costs. The lender will determine if your justification is good enough. And most importantly, if your credit standing is good enough to give the amount you asked for. Be prepared to be offered a different amount, and one that’s less than what you’re hoping to get.

When you apply for a student loan, the most important thing you have to watch out for in private loans is the interest rates. They tend to give out the highest interest rates among the different types of loans you can avail of in this list.

Private vs federal loans

Final Thoughts

Ultimately, however, while there may have been many changes in the landscape of student loans in the past decade, what remains is the fact that it is a crucial part of pursuing your dreams.

True, there are many reasons to be scared and unsure in these times. But there are also plenty of helpful resources you can use to help you feel in better control of your future. Before you apply for a student loan, study your personal loan options. Take a deep look at the considerations, and base your decision on established data and factual information. Then you’ll find taking out a student loan today does not need to be as scary as you think it is.

Loanry

Your Educational Guide On How to Pay for College

Hat graduation model on banknote saving for concept finance education and scholarships

A decade or two ago, the answer would have seemed simple. How to pay for college? Student loans! Take out as much as you can from as many places as possible. And defer repayment for as many years as you can get away with! By the time you have to make your first payment. You’ll have a great career and tons of money and you won’t even miss that monthly installment! Unfortunately, it didn’t always work out quite that way. That’s why we’re reviewing all your options below.

Quote about education

Save Up Ahead of Time

Obviously, it’s ideal if you’re able to start separate savings account well ahead of time, whether the student is you or your offspring or anyone else for whom you’re responsible. Keep in mind that even a few thousand dollars can make a huge difference when it’s time figuring out how to pay for college. In addition to tuition, there are application fees, textbooks to buy, on-campus housing, and endless other expenses to consider. The ability to pay for many of these peripheral costs out of savings simplifies things considerably. And the less you have to borrow, the better.

Grants and Scholarships

Everyone knows that grants and scholarships are amazing, primarily because you don’t have to pay them back. The trick, sometimes, is finding them. They come from so many different sources. And because they’re often privately funded and target specific schools, demographics, majors, or other factors, there’s no one source for locating all for which you might qualify.

That does not mean, however, that you should ever, ever, EVER pay someone to look for grants, scholarships, or any other sort of financial aid for you. There are no secret codes for tracking these things down – no private databases or inside tracks. Every possible bit of information related to financial aid is free for the asking, and that’s how it should stay.

I’m going to assume you’re already familiar with the FAFSA. It’s your one-stop ticket for anything offered through state or federal government or the college or other post-secondary institution of your choice. The FAFSA acts as an informational tool for schools you’re considering, so they can help you with options. And a sort of universal student loan locator – at least when it comes to traditional student loan options.

You should always complete a FAFSA early in the process, however you plan on paying for school and whether you expect to qualify for aid or not.

The stuff that we’re talking about are things like that $500 scholarship your parents’ church offers for anyone going into the ministry, or the $2000 a local Native American group has available for anyone who can establish tribal membership or money from a local industry to support students pursuing training in electronic engineering or plasma physics or arts and crafts. Whatever it is they need more of but can’t find enough of.

Start with your (or your kid’s) high school counselors or the college and career office in your district, if such a thing exists. You may find tons of excellent information, or you may be handed a few generic brochures or pointed to a website or two. They may be totally confused as to why you even asked. That’s OK, though, because it was worth asking. Sometimes those high school counselors are a gold mine.

Next, talk to the financial aid offices at your top 2 or 3 choices for where you’d like to attend. Find out what connections they have, what they know about, what they suggest. Your chances are much better with this group. Since they don’t make money unless you come to school there, and coming to school there means finding a way to pay for it. Try everything they suggest, whether it makes sense to you or not. No matter how successful, or not, we’re not done.

Go to your local library and tell them what you’re looking for. Once again, you’ll often hit gold with this option. But it depends on who answers the phone or who’s at the desk. If you don’t get satisfactory responses the first time, try again during a different time of day or – better yet – a different branch.

Get online, but let me repeat – NO LEGIT ORGANIZATION IS GOING TO TRY TO CHARGE YOU FOR GRANT OR SCHOLARSHIP INFORMATION. You’re better off trying to help out that Nigerian Prince if you insist on being careless with your financial and personal information online. Instead, try the U.S. Department of Labor’s free scholarship search tool. Search the name of your state plus the words “grants and scholarships.”

Ask your parents to check with their employers. The bigger the company, the better the chances they have some sort of aid available. If you’re working, check with your employer. Even companies like McDonald’s are advertising their willingness to help with tuition for their employees Although, it’s probably safe to assume there are some strings and limitations attached.

But that’s OK because your goal at this stage isn’t to accept or refuse anything – it’s to gather options and information. Remember, you’re the Magical Grant and Scholarship Locator. By which I mean, you’re putting in the time and effort to find grants and scholarships to help you figure out how to pay for college.

Finally, ask yourself what “groups” you might belong to. Any demographic outside of “generic straight white able-bodied male” has organizations and advocates scattered across the country, many of whom offer small grants or scholarships for those who qualify. Now, you may be the sort who doesn’t like to see yourself as a member of this group or that. Maybe your politics or personal preferences are such that you don’t want to “play that card” for personal gain.

With all due respect, in this case, you need to get over that and apply for the grant or scholarship. The best thing you can do for yourself, your “group,” your community, family, state, or nation, is getting that education and be all you can be personally, professionally, and financially. If that means that for once in your life you have a chance to exploit the fact that you’re a one-legged transgendered Czech-Irish Buddhist, then go for it.

Don’t worry, we’re not going to think less of you for claiming that $400 stipend from the local chapter of similar folks.

Student Loan Shopping

They’re everyone’s absolute last option for how to pay for college. That’s not entirely fair. Student loans are a necessary option for the many college students, no matter what their age range or where they’re attending. And if you learn how to save money on a student loan, it can be a really good option for you. But let’s look at some other possible answers for how to pay for college first, then come back to them.

Traditional student loans (the ones offered through the federal government) have several advantages:

  • Fees and interest rates tend to be lower than what you might otherwise qualify for.
  • Your credit score is not a major factor in determining whether or not you qualify.
  • Repayment is often deferred until graduation or sometime thereafter.
  • Repayment can be tied to your income, so the less you make, the less your payments.
  • There are sometimes options for “debt forgiveness” if you work in certain professions or specified geographical locations.

Now, I’m about to talk about some other options for how to pay for college, or at least how to pay for part of your post-secondary education in other ways, should you so choose. That doesn’t mean I’m against student loans. As with any loan, I merely suggest you pay attention to the details. And don’t assume anything about the terms or your ability to repay without taking some time to consider all of the possibilities.

I’m not interested in telling you WHAT to do, my friend. If you’re about to enter an institution of higher learning, you should be able to do student loan shopping, gather information and consider your options. Then decide for yourself how to pay for college, yes?

Pros and cons of student loans

A personal loan is your most basic sort of loan. You borrow a specific amount for a set length of time. And agree to an interest rate and a structured, predictable plan of repayment. The terms you’re able to secure are largely driven by your credit history and three-digit credit score. Although, your current income and anticipated employment may play a role as well.

If you’re pursuing post-secondary education other than that offered in a traditional four-year university, a personal loan for students might be a helpful option. Not all forms of training or education qualify for traditional college loans, or the amount may be modest enough that you’d rather tackle it like any other financed expense. I’m not pushing this option for everyone. But depending on your circumstances, it might be the simplest and most obvious solution.

This is an arrangement you make directly with your school of choice. Rather than borrow money for tuition with specific terms guiding repayment, you commit a percentage of your future income to the school instead.

The flexibility of the income share agreement is obvious – if you end up with a strong income, the school gets paid back quickly. If you don’t make as much as you’d hoped, your repayment is based on a percentage of that rather than the amount you actually owe. Typical ISA agreements are tied to a length of time rather than a dollar amount. So if you agree to give the school 7% of your income for ten years, you might end up paying way less for your education (if things aren’t going well) or double what other students pay (if your career takes off).

Most financial experts aren’t in love with ISAs. Do some research and make up your own mind before considering this option.

The answer to how to pay for college is almost never “Use a credit card!”  That doesn’t mean, however, that responsible credit card use can’t be a part of your plan for incidental expenses as you pursue your education.

Keep in mind that while credit card companies aren’t necessarily evil. They do have a vested interest in “hooking you” early. And start you along the path of eternal repayment without ever being repaid. Don’t just assume you know all there is to know about credit cards for students and fall into the trap of going to either extreme – careless use and irresponsible debt or absolute refusal to carry any form of plastic.

College, among other things, is about learning to adults. Responsible credit card use is part of Adulting 101. With great power comes great responsibility. And learning to use revolving credit responsibly gives you financial power and stronger long-term credit.

Conclusion

There’s no one answer on how to pay for college. Take some time and weigh your options, and above all else, DON’T GIVE UP. It can be a frustrating mess sorting through your choices and keeping up with everything, but guess what?

Welcome to college and the messy world of grown-ups. It may not be easy, but you’ll get so much better at it is difficult that you won’t even notice after a while.

Quote about motivation
Loanry

The Ultimate Study Guide to Student Credit Cards

As exciting as college can be, it’s also a bit overwhelming – and we’re not just talking about the papers and exams that are cramming your schedule. We’re talking about the financial aspect, too. Even if you have financial aid, there are probably some expenses it doesn’t cover. Sure, you could ask your parents for help, but you want to be independent. And anyway, you need to prepare for life after college. How can you do that while paying for your own expenses? Student credit cards.

What Is a Student Credit Card?

Student credit cards are a lot like regular credit cards in the sense that you use them to pay for your purchase and then repay the money. The differences typically come with the approval process and the perks that come with them.

Let’s talk about the perks first. Most regular cards offer perks like airline points or cash back at the gas station. These are great rewards for many people. However, they don’t always apply to students.

You know what does apply? Free annual membership to Amazon Prime, meal perks, and streaming subscriptions.

Those are the types of rewards you can gain from using a student credit card. Even better, some offer things like a statement credit if you keep your GPA up to a certain level. Talk about an incentive to hit the books!

Another difference is in applying for the card. Issuers that offer student credit cards are well aware that you haven’t yet had time to build a credit score. Some students haven’t used their credit a single time. Therefore, they make contingencies for that. They typically go more by income than anything else. And most allow you to get your parents to co-sign or even for you to claim your spouse’s income if you happen to be married. In short, they can be a bit easier to get for many students than regular credit cards.

Reasons to Get a Credit Card As a Student

There are plenty of good reasons to get a student credit card. Before we dive into those, though, it’s important to understand something. Credit cards are handy and can help you out. But if you use them irresponsibly, it can mess you up for years to come.

So as we talk about these benefits, remember that we are talking about responsible credit card usage. Don’t let your credit card be an excuse to go wild and fill your dorm full of stuff you can’t afford.

Now that we’ve had that talk, let’s get to the fun stuff.

You’re in college to learn, right? Why not extend your curriculum to learn how to manage credit the right way? By using a student credit card, you learn how credit works as a whole, how to track your spending, how to pay your bills each month, and more. And these lessons can follow you until the day you breathe your last breath.

Understand that you’re new to it, so you’re going to make some mistakes. That’s okay – we all do. Mistakes aren’t something to beat yourself up over, though. They’re something to learn from, so you can do better next time. So, as long as you’re mindful while you use it, you can learn a lot from using a student credit card.

It’s not uncommon for college students to live on Ramen noodles and to barely skate by with finances. In fact, many people actually enjoy that part – at least to some degree. It’s part of the college experience. However, not a single one of those students will deny that they’d like to order a pizza during all-night study sessions or not have to wait for a monthly stipend to buy deodorant.

Student credit cards can help you get by in between paychecks or monthly allotments without having to call and explain to your parents why you blew all of last month’s. This is, however, one of those don’t go crazy areas. An occasional burger or pizza and purchasing necessities are good. Just try to keep the spending in check.

You won’t always have a dorm room to stay in or student aid to help cover your needs. One day you’ll graduate and, unless you want to move back in with your parents, you’ll need to rent a place. Unfortunately, this can be hard for most recent graduates as you’ve spent the last two to four years focusing on school.

A student credit card can make a big difference at this time. If you’ve been using and responsibly managing your card while you’re in college, you have two to four years of positive credit history. This can help you get approved for everything from an apartment to a new car.

It can even help you land a good job and get lower insurance rates. Bottom line: you can pave a brighter financial future simply by being responsible with your credit before you ever actually need to use it. Who doesn’t need a jumpstart in life?

We talked a little about the perks above, but it’s worth mentioning again. Some student credit cards come with some pretty amazing rewards. Who can’t use a free year of Amazon Prime? Granted, these benefits vary between card issuers, but most offer something that a college student can put to work.

For example, there are some cards that offer forgiveness for one late payment in a given period. Since you’re just starting to learn how to manage your credit, this benefit can be really awesome. Some companies even have scholarship programs for their participants. And most offer 0% interest in your first year of use.

Pros and Cons of Student Credit Cards

Okay, so let’s review the pros and cons.

Pros

  • Ability to build your credit history and score before you’re responsible for all your own bills
  • Incredible learning experience with real-world applications
  • Freedom to take care of needs and wants between checks or allotments
  • Great rewards programs that can help you through your college career
  • Ability to take care of emergencies, like flat tires or dental appointments for toothaches
  • Opportunity to build healthy financial habits early
  • Usually easier to get than a regular credit card

Cons

  • Leads to temptation to spend when you shouldn’t or to spend more than you should
  • Could be stuck with a high-interest rate after introductory offer
  • Irresponsible use can impact your future for years or even decades to come
  • Usually a lower credit limit than regular cards
  • Might need a cosigner or have to choose a secured card

How to Get a Credit Card As a Student

Getting your student credit card doesn’t have to be complicated. You just need to follow these steps:

1. Think about what you need the card for and what kind of perks would be nice for you. Before you start looking for one, it’s better to have an idea of what to look for.

2. Start your engines – I mean, your research. Compare the different cards available to find which one offers what you’re looking for.

3. When you’ve found a few that you like, take a look at their requirements. Determine if you’ll need a cosigner, what types of income they require, what documentation they accept to prove you’re a student, and anything else you can find.

4. Gather all of the documentation you need. The process can move a little quicker if you’ve got everything in hand before applying. And if you need a cosigner, go ahead and talk to your parents at this point.

5. Lastly, it’s time to apply.

5 Best Credit Cards for Students

We’re going to help you get started with your research by showing you five pretty awesome options below.

1. Discover It Student Cash Back

This card is a pretty good one, as it’s really easy to apply. You don’t even need a credit score to do it. And yet, you can earn 5% cash back on pretty much anything you buy using PayPal.

So, when you go on an Amazon shopping spree or splurge on pizza night – or do the responsible thing and buy school supplies – you’re earning 5% of that back. If you don’t use PayPal, you still earn 1%. Even better, they match everything you earn that first year.

You also get 0% interest for the first six months. Unfortunately, that can jump up to 22.74% after that period, so you’ll need to be prepared for that.

2. SavorOne Student Credit Card from Capital One

If you like the idea of cashback and monetary rewards, this is a pretty good card. You can earn 3% cash back on streaming, dining, entertainment, groceries, and more. And you earn a $100 cash bonus if you spend $100 on your card within three months of getting it.

There is no annual fee, which is great. At this time, though, there is not a 0% interest rate introductory offer. Instead, you’ll pay 15.24% to 25.24% from the beginning. They do run introductory offers sometimes, though, so look into it before you avoid this card.

3. Chase Freedom Student Card

The Chase Freedom Credit Card is a little different than the other options on this list so far. It offers a lower cashback amount at only 1% on all purchases. This might seem undesirable, but it can actually be nice.

It means you don’t have to keep up with how much you’re earning – it’s the same amount all of the time. And, unlike most cards, you don’t need to hit a minimum balance to redeem those rewards. You can redeem them at any time – no matter how few or how many you have available.

There are some other benefits, too. For instance, you get a credit limit increase after you make five timely payments. There’s also no annual fee and you get $50 after you make a purchase using your card in the first three months.

4. Bank of America Travel Rewards Credit Card for Students

If you’re going to college a long way away from home, this might be the best card for you. The Bank of America Travel Rewards Credit Card for Students allows you to earn 1.5 travel points on every single dollar you spend.

And if you spend at least $1,000 in the first 90 days, you get a bonus of 25,000 points. These can come in really handy when it’s time to fly home for the holidays or during summer break. And the good thing is you don’t have to worry about blackout dates.

Additionally, there is no annual fee. You get 0% interest for the first 15 billing cycles, but that can increase to 24.74% once that intro period is over.

5. Journey Student Credit Card From Capital One

For those who love to stream, the Journey Student Credit Card from Capital One gives a $5 streaming subscription credit each month as long as you make timely payments. Subscriptions like Amazon Music Unlimited, SiriusXM Streaming and Satellite, Spotify, Disney+, and Prime Video are all eligible.

Additionally, you earn 1% cashback on all purchases. And you can increase that to 1.25% if you make your payments on time. There’s no annual fee, but the interest rate is 26.99%. That can quickly add up. The best way to earn all of your rewards and prevent yourself from having to pay such high interest is to pay your balance before the end of the billing period.

How to Responsibly Manage Your Card

One of the most important tools you’ll learn to use as an adult is a budget. It is a clear plan about what you need to pay and where to send your money each time you get paid. That helps you make smarter buying decisions, as you know how much money you have for extras.

As a college student, you might not yet know how to budget or be very comfortable with it, but there is a simple solution for it. Head to the Goalry Mall and sign up for your member key. There you’ll find a budgeting tool that can help you stay on track.

You’ll also find other financial tools and a plethora of educational resources that can teach you everything you need to know about finances. By the time you graduate from college, you can be a master at managing your money.

Conclusion

Student credit cards can be a very helpful tool – as long as you manage them responsibly and find one that suits your needs. Take the time to look through the options listed here as well as any others you come across. Compare them before making your final decision. Then, put a budget to work to ensure that your card helps you instead of negatively impacting your future.

Loanry