► Myths

Top 5 Urban Myths

1. As a student I can get away with not paying my rent

   Not true – if your rent is in arrears then you are in breach of your contract which is a legally binding documentation and you could potentially be taken to court.

2. Its cool to get ‘illegal cash-back’

   As ‘cool’ as you may feel at the time its still an amount that will be added to your debt and be expected to be paid back – student or not, there’s no getting out of it.

3. It’s easy to get a second student bank account, which means twice as much overdraft

   Yes, some students have been known to play the system and manage to sign up for two separate student accounts, but we wouldn’t say it was easy and not only would you be looking at twice as much to pay back, you’d also be committing a fraudulent offence.

4. You’ll never be as poor as you are when you’re a student

   Not necessarily – if you’re slap happy with your cash whilst your study, don’t forget that you’ll be expected to pay it all back as soon as you land your first job – the more you spend the more debt you’ll have and that’s not even considering the delights of Council Tax and such that are all still to come.

5. Leaving the country for a year means I don’t have to pay off my debts

   Rubbish – believe us if that we’re the case we’d all be doing it. You’re debts are your own and responsibility should be taken for them right from the word go - It’s easier to track you down then you might think.