Is there good debt and bad debt for a student? I’ve had letters from parents outraged that their son or daughter has been offered a creditcard when they’re only a student and actually it can be quite a good idea for them to havea credit card as long as they know how to manage it. Because as long as they’re payingit off every month or at least making the minimum repayment. You know the credit cardsavailable to students they get low credit limits but it’s a way of helping them build How To Buy A Chandelier their credit score so that once they’re graduated they’ve got a better credit score alreadyin place which will mean that they then have access to more competitive loans if they need it. If they understand and can learn about how to manage the good debt and take advantageof things like credit cards offers offered by banks for students, and overdrafts on studentbank accounts, that actually they’re not something to be afraid of they’re just something thatneeds to be managed well. Look very carefully in any lending proposition at the rate and the fees that are proposedbecause payday loans can be incredibly expensive.
And the other thing is, different lending How to Choose Picture Frames to Complement Your Home’s Decorating Style products are there for different purposes and I think it’s very important that peopleare clear on why they’re borrowing money and therefore what the right solution is. So anoverdraft is not designed for long term permanent borrowing, its designed to deal with the ebbs and flows that we all have in our cash flow and there are alternative borrowing solutionsfor longer term requirement, so it’s really important that people are clear on what theyneed.