cosi asked:


i want to consolidate my debt but am concerned with how negatively its affects are on my credit. can i pay on a consolidated debt at a significantly lower interest rate than now(im averaging +20%!)? if so, will that outweigh the side-effects?

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Jennifer Morva asked:


Student debt consolidation loans help you to consolidate all the debts availed for the purpose of higher studies into one with comparatively low interest rate. This way it becomes easier to pay for you and that too at low interest rate. Student debt consolidation loans are basically of two types, secured and unsecured.

STUDENT DEBT CONSOLIDATION LOANS: FEATURES

Student debt consolidation loans help you to consolidate all the debts availed for the purpose of higher studies into one with comparatively low interest rate. This way it becomes easier to pay for you and that too at low interest rate. Student debt consolidation loans are basically of two types, secured and unsecured. To avail secured student debt consolidation loans you’ll have to place collateral against the loans amount. This can be any of your personal properties like car, home etc. On the other hand no such security is needed to avail an unsecured student debt consolidation loan. No credit check is required to avail student debt consolidation loans. It means students having bad credit history due to arrears, defaults, CCJ, IVA etc can also avail the benefits of student debt consolidation loans, but with slightly higher interest rate compared to good creditors. Student debt consolidation loans carry low interest because it’s meant for students. The interest rate may vary depending upon the type of loan availed by student and the credit history of the student. Unsecured student debt consolidation loans carry slightly higher interest rate than secured one, this is because lenders advance loans without any security.

STUDENT DEBT CONSOLIDATION LOANS: ADVANTAGES

Student debt consolidation loans are very helpful for students having multiple debts. It is very difficult to manage many debts all with high interest rates. With the help of student debt consolidation loans you can merge all your previous debts into one manageable debt with low interest rate. This way you can easily repay the loan installments. Interest rates for student debt consolidation loans are further reduced if you make regular payments of the loan installments. No credit check is required to avail student debt consolidation loans; students suffering from adverse credit history can also avail the benefits of student debt consolidation loans. You can choose a flexible repayment option depending upon your needs to repay the loan amount.

STUDENT DEBT CONSOLIDATION LOANS: APPLICATION

Visiting lenders to avail student debt consolidation loan personally can be very time taking. For faster approval and quicker transaction you should apply online. Online application has many benefits. You don’t have to meet lenders personally; it consumes less time, requires less paperwork and is approved in short period of time. You can also search for lenders offering student debt consolidation loans at reasonable interest rate. With the help of Internet you can download the loan quotes from various banks, financial institutions and lending firms and compare between them to choose the best one that suits your pocket. To apply online you just have to fill up an online application form. Lenders will then get back to you with their offers.



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Kim Y asked:


Do you go thru a bank? A specialist type company? What type of fees? Do they knock down some of your balances? Do they send you a check & you thereby payoff the balances (then just have the one single bill to this new creditor)? Or do they payoff the individual accounts - then merely send you a statement to begin paying? Do they require an asset of yours to apply the loan against (collateral) like IRA’s?

Thanks for your help! Much appreciated!
=)

081707 9:30
** I do not have a home to pull equity from; ex hubby got that (which by the way, he has NOT refinanced the house, so my name is STILL on the title. My ex is a lawyer & claims he does NOT have to refinance to clear my name, but the mortgage company says otherwise).
Marius-your link is just an advertisement for a student loan - un usable. thx.

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KarenB asked:


My husband and I want to pay off some credit card debt; which is the better option?

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esm asked:


I have open credit cards and I am willing to close them to get a debt consolidation loan… but I’ve gotten behind/overlimit in a couple recently and want to consolidate to one payment. I’m starting to drown in debt and I need help… I do not want a credit counseling center; I just want to consolidate my debt to one payment.

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ctahy80 asked:


I am looking for somewhere to get a consolidation loan for my credit cards even though I dont own a home?

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