Amanda Stanhaus

Tag: student debt

Debt Deal

I love deals.

Sale shoes. Day old bread. Debt.

(click on the bold-faced vocab words:))

If I’m going to pay off my debt, why not pay it off as cheaply as possible?

When paying off debt, deals can be made with interest rates and the associated interest payments. Sorry, there’s no changing the principle. Unless, maybe if I morph into Hermione, hmm…

mortgage’s interest rate can be lowered when refinanced.

Credit Card or Student Debt can be paid off in full with a line of credit. Lines of credit are known to have negotiable interest rates.

If the interest rate associated with a line of credit is less than the one associated with my current debt, a deal is within reach!

Go grab it!


(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Credit Score


Yah, he did! Slow and steady student debt payments win the race to a sexy credit score.

(click on the bold-faced vocab words:))

Believe me, there was no thrill of the chase with creditors calling me constantly.

A credit score is a number that tells lenders how good I am at keeping promises —promises that I’ll pay them back.

Numbers can range from 300 to 850. Bigger is better.

Lots of things are taken into account in the calculation. Taking out a few loans ups my credit score, and so does paying debt payments by their due date.

A high credit score puts my best foot forward, whether applying for a new credit card or a mortgage.

I rewarded myself with a  promise (to pay my debts) ring.


(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)