Long term loans may take several weeks or longer to process. If you think you will need long term assistance, apply early. How credit cards work. In reality, you pay for the use of credit cards in every purchase you make. If you pay your credit balance each month, that is all you pay.
Credit cards can be a very handy tool for students if used correctly.
If not, they can become a burden and can cost you a great deal in interest that you pay the credit card companies. When applying for a credit card, look for the best deal. Look for the lowest interest rate you can find. Look for a card with no annual fee. Use credit cards to buy things you would normally buy anyway like gasoline, groceries etc., but remember to deduct the amount you charge on your credit card from your checkbook.