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View Full Version : Student Debt - how to repay it?


td canada trust
01-27-2010, 07:06 AM
Hi Everyone http://forums.canadabanks.net/images/smilies/rolleyes.gif -

Currently, I am in 10's of thousands of debt from school, cost of living and
a variety of living expenses over the past few years. I have been attending school. My credit rating is pretty good . I understand as I always gone out
of my way to make regular payments, and even lump sum payments -whilst
working during my summer holidays. The future of financial future doesn't
seem bright now I have graduated from Uni . I have lost my full time job,
have almost no means of cash flow, only savings -besides part time work, and to make matters worse, I wasn't expecting to lose my job, and am now
half way around the world. http://forums.canadabanks.net/images/smilies/confused.gif

Please, if anyone has any ideas as to how I can get myself back on track,
- I will handle the job thing, negotiate and or consolidate current loans and
start to secure my future, so I too can afford a house a car and can afford
to have kids...

This would be of great help. Obviously. http://forums.canadabanks.net/images/smilies/smile.gif

Financial-Post
02-22-2010, 03:22 PM
If you are having problem with the ever increasing debt, you can use many strategies to get a hold on this.

dsdigital
04-06-2010, 06:45 PM
If you are having problem with the ever increasing debt, you can use many strategies to get a hold on this.

Some examples would be nice....?

trent
04-16-2010, 03:43 PM
Some examples would be nice....?

It simple really - just spend less than what you earn. I know this concept is foreign for many Canadians, but soon it won't be...

bullish
10-19-2010, 04:43 PM
It simple really - just spend less than what you earn. I know this concept is foreign for many Canadians, but soon it won't be...

So your advice is to save, when interest rates are that low?!? You must be out of your mind.

trent
10-26-2010, 07:47 PM
So your advice is to save, when interest rates are that low?!? You must be out of your mind.

Many morons like yourself will be crushed when the interest rates start to rise 3-4% per year to reflect the currency devaluation worldwide. Good luck with your "debt = wealth" strategy :)

bullish
02-25-2011, 04:31 PM
Many morons like yourself will be crushed when the interest rates start to rise 3-4% per year to reflect the currency devaluation worldwide. Good luck with your "debt = wealth" strategy :)

This was written 4 months ago, where are your big interest rates increases? Right, there are none. Who is the moron now?

trent
03-15-2011, 08:13 PM
This was written 4 months ago, where are your big interest rates increases? Right, there are none. Who is the moron now?

I think everybody knows who is the moron, and it's not me. The rates will be at least 1% higher by year end, and this is just the beginning of a multi-year rate climb.