How many of you have student loans, but no clue who the lender is, what your terms are or even the interest rate? Credit and loans can be quite complicated and too overwhelming to understand without some guidance. Instead of taking the time to research and understand your debts, it may be easier to plug in the iPod and zone out of reality. That is, until graduation when loans become a borrowed reality that require repayment. So, instead of hitting the old snooze button, splash some water on your face and continue reading...
Wells Fargo bank has created a worksheet to layout, in lamens terms the difference between principal and interest and prime rate versus margin, etc. If you have loans or credit cards, but the terms confuse you please take a peek at the worksheet here.
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