Joby Schraier is a St. Louis-based finance director for an automotive dealership. When you are in this field, you are constantly dealing with credit issues. He does everything possible to obtain favorable financing terms for clients who come into the dealership.
There are people who do not understand the fact that a credit decision is not strictly a yes or no event. Someone who is approved for automotive financing will be offered a certain interest rate. The rate is based on the credit worthiness of the applicant. When you see television commercials offering very low interest rates, they always add the caveat “for approved buyers.” These are people who have excellent credit. Those who have lower scores pay higher interest rates.
There are certain credit traps that professionals like Joby Schraier are familiar with. People often get tangled up in these snares, and unmanageable student loan debt is one of them Some students get the idea that a college education is more or less free, because they can get virtually unlimited student loans that they don't have to pay back for years. They proceed with the understanding that they will easily be able to pay back any amount of money once they land high paying jobs after they graduate. All too often, the six-figure job does not materialize, and the debts are enormous. This can make life very difficult for someone who is just starting out.
Successful people like Joby Schraier are well aware of the value of a good college education. At the same time, it is important to take a conservative approach if you are a student who needs financial assistance.
There are people who do not understand the fact that a credit decision is not strictly a yes or no event. Someone who is approved for automotive financing will be offered a certain interest rate. The rate is based on the credit worthiness of the applicant. When you see television commercials offering very low interest rates, they always add the caveat “for approved buyers.” These are people who have excellent credit. Those who have lower scores pay higher interest rates.
There are certain credit traps that professionals like Joby Schraier are familiar with. People often get tangled up in these snares, and unmanageable student loan debt is one of them Some students get the idea that a college education is more or less free, because they can get virtually unlimited student loans that they don't have to pay back for years. They proceed with the understanding that they will easily be able to pay back any amount of money once they land high paying jobs after they graduate. All too often, the six-figure job does not materialize, and the debts are enormous. This can make life very difficult for someone who is just starting out.
Successful people like Joby Schraier are well aware of the value of a good college education. At the same time, it is important to take a conservative approach if you are a student who needs financial assistance.
