Below you'll find a list of all posts that have been tagged as “consolidation”
Earlier this week I received the following email from a reader: I’m writing because recently I have been trying to consolidate my private loans and have run into a snag: I have too much debt with regard to my income (surprise!). I have excellent credit and make the huge payments …
For many borrowers, student loan refinancing is an excellent option. By refinancing, they are able to get lower interest rates and lower monthly payments. Unfortunately, student loan refinancing — sometimes called private loan consolidation — is not a magic fix for all borrowers. The refinance process can have major costs …
Many student loan borrowers are able to improve their credit score by consolidating or refinancing their student loans. Unfortunately, not all borrowers see an increase in their score. Some borrowers may actually see their score drop by consolidating or refinancing. Though federal direct consolidation and private student loan refinancing are …
Federal student loan consolidation isn’t easy for many borrowers to navigate. For some borrowers, federal student loan consolidation is an essential step to getting their student debt eliminated. For others, federal student loan consolidation would be a major mistake. Today we will cover it all: What is Federal Student Loan …
Article Last Updated July 3, 2019 to reflect the latest interest rate information. Discover joins a crowded marketplace of lenders offering student loan consolidation and refinancing services. Though the loans that Discover offers are not groundbreaking, they will appeal to a number of borrowers. Those most likely to be impressed …
Sorting out student loan advertisements can be tricky for many consumers. With Americans owning nearly $2 trillion on their student loans, many are confused and desperate for help and for good news. This makes student loan borrowers prime targets for student debt relief scams. While the government, especially at the …
Phone calls with lenders can be especially stressful. For many borrowers, student loans are by far their biggest debt. Student loan companies, including federal student loans servicers like Navient and MyFedLoan have a well deserved reputation for lousy service. This combination of financial pain and terrible customer service can be …
Student loan refinancing is a great way to turn a good credit score and income into lower student loan interest rates. Once borrowers experience the savings from a refinance or a consolidation, the temptation is to do it again and again. Going through the process for a second, third, or …
Refinancing student loans is an excellent way to reduce the monthly interest rate on student debt. Lowering interest rates can reduce the total cost of the loan and potentially free up extra cash each month. Unfortunately, getting approved for a student loan refinance can be really difficult for the borrowers …
Article Updated 7/2/19 to include the latest available interest rate information. SoFi and LendKey are both premium student loan refinancing and consolidation companies. At present they are both ranked in the top ten in our student loan refinance rankings. How is a borrower to pick the best lender? The LendKey …
