week 5 assignment - increases as the repayment decreases....

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There are future consequences for borrowing too much debt. Some of those consequences are: you will have to pay out a lot of interest, you will have difficulty in keeping up with your payments, you may have to file for bankruptcy, which stays on your credit report for ten years, creditors will report slow payment history, credit cards and other lenders will charge you more to borrow money in the future, it will get harder to pay anything but interest, it will cause unbearable stress and the quality of life suffers, payment
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Unformatted text preview: increases as the repayment decreases. The student loans that I have received are in a savings account for emergencies only until I have to repay them back. I am going to get a job after I have my baby to help make some of the payments to the lender. One positive thing to do to keep your student loans under control is to pay them back on time and never miss a payment....
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This note was uploaded on 02/28/2011 for the course SCI 162 taught by Professor Ebonywardlaw during the Spring '10 term at University of Phoenix.

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