consolidate loans

[ricky028]

I think debt consolidation can be a sound financial strategy for many, but is not a sure solution for everyone. If you are willing to go for consolidation, selecting a good debt consolidation corporation that can actually help you in apply your debt problem is important for the reason that getting help from an unethical debt consolidation company can make your financial condition poorer.

[Petra Filiz]

I'm about to be graduating with a master's degree and have built up quite a bit of student loan (just shy of 100,000). Since I have student loans from a variety of places (both federal and private) I was wondering where it would be possible to have all these loans consolidated.

I know that there are not as many places that will consolidate loans as there were a few years ago, so I was wondering if anybody had any good information about institutions that still consolidate loans for that much of an amount.


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[JessicaM]

As for me, consolidation is a good idea if you possess several debts at once as you have the opportunity to get lower interest rates and, besides, your repayment period can be extended. It may really help you to manage your payments easier. I used it myself and it really works.

[moneytalks]

Consolidating loans makes sense if you can reduce your interest rates. So instead of focusing on your monthly payment alone, think about the money you can save by consolidating two high-interest loans into one average-interest loan. Your monthly payments may become higher but you are paying less in interest, so you will pay it off sooner, etc. There's a lot more to it than that but that's the basis.