I wouldn't believe that banks would len d out 125 % mortg ages to people who can not pay and then wrap
the deb t up to sell to some poor sucker (or that some poor sucker would buy it).
Student loan refinancing can be a cost - saving strategy for borrowers with significant amounts of stud ent
deb t or high - interest loans.
Such troubles are no surprise either considering that t otal student
deb t in the U.S. continues to rise.
Credit cards are revolving accounts, which means
your deb t balance goes up and down based on their use and your payments.