Questions tagged [loan-consolidation]
The loan-consolidation tag has no usage guidance.
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Do I lose any rights, or run into any disadvantages, by consolidating my student loans?
My employer has offered to pay off my student loans.
The problem is, they are only able to deposit the money in a single loan account. It is split across different companies. My employer can't pay ...
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Should I consolidate my loans amidst political talks of forgiving student debt? [closed]
I recently graduated college in the US, and my loans went into COVID-19 forbearance. I'm not required to make payments until January 2021, but I have been witling away at them for a few months since ...
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What is the expected effect to credit of refinancing my student debt?
I have $20K in student loans across 8 accounts at 3 lenders dating back from 2004-2009 here in the USA. The average interest rate is around 6%. I can likely get a fixed rate around 3.5% if I refinance,...
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Can I use a 529 plan to pay a refinanced student loan?
As pointed out in another question, in the U.S. we can now use a Qualified Tuition Program (QTP, e.g. a Section 529 Plan) to pay student loans as a qualified education expense - provided your state ...
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Questions about student loan refinancing while pursuing a Dental Residency
I was wondering if folks here have had experiences with refinancing student loans that could help answer some questions. I am trying to look into options for refinancing my wife’s private + federal ...
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(U.S. Federal) Student loan consolidation process craziness
I was curious to know if anyone has experience in dealing with this particular process. More specifically, if they have, have they experienced anything similar to what i have and am still experiencing ...
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Consolidating Unsecured Debt with Secured Loan
So long story short, I've got about $20,000 in unsecured debt between a personal loan of $15,000($14,000 remaining principle) with the rest spread between three credit cards. I initially got the ...
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Chinese Brother-in-Law in Debt Trouble - What can Chinese Citizens do to Manage?
My brother in law built up a large amount of gambling debt two years ago. I guess in an attempt to save face, he hid a portion - 75,000¥ ($11,187) from his family thinking he could pay it off himself. ...
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Debt Consolidation
I currently have a loan that I am paying on that has a 31k balance, with an APR of 9.24.
I also have a credit card with a 6300 balance, and the APR is ~17.9%.
I have an offer for a consolidation ...
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Are the "personal loan" entities legit or a bit bogus?
In the US, it's great to get many spectacular PERSONAL LOAN OFFERS in the mail.
Wow!
Many companies such as sofi.com and figure.com pump these.
I am wondering
(1) Are these generally seen as "a ...
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Someone please help with my credit situation
I sincerely hope someone can help. My credit score is ridiculously low. It's 538. My payment history is 98%. I do have a couple collection items...but my credit has been way higher...around 660, with ...
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Refinancing Student Loans
I have 4 outstanding student loan accounts, all with the same lender, totaling approximately $40k. The interests rates vary from 3.15% to 6.55%.
Each account has one or more loans in it.
Loan 1:
$5,...
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Fixed term or variable term for a student loan of 155,000 with the ability to switch between them
Friend is refinancing a student loan of 155,000 - check the details here or as below.
Total amount now is about 155,000 now. While refinancing with Common Bond , we are getting the following payment ...
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Can I use my paid-for home as collateral for a consolidation loan to pay off outstanding bills?
I'm needing to find out if I can use my home and its feed as collateral for a 3000-5000 dollar loan to pay off my outstanding bills and just have one payment.
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In layman's terms, what is balance transfer?
I know very little about my credit cards, all I know is that I make sure to do the minimum payments on time. Some suggested that I do balance transfer?
What is that suppose to mean?
Can someone pay ...
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Who can I consult about paying off my student loan? [closed]
I'm looking to pay off my student loan as soon as possible. I've been making responsible payments into my loan for years now, and I've been making lump sum payments into my loan each time I come ...
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Consolidate or pay off
I have two large credit cards at 12.95%. I can get a loan for the balance at 13.95%. Am I better to consolidate the debt of both cards or just pay off the cards as is.
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How to take care of multiple student loans (consolidation, payment strategies)
I've freshly graduated college. Here's my current standing:
I estimate ~ $1200/month in free cash after bills/entertainment/etc. My loans are as follows (all US based):
1: Perkins
Amount: 3,240
...
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Refused for Debt Consolidation Loan. Why would I be denied this loan?
I have numerous maxed-out credit cards and a half-used store account and I'd like to pay them all off with a consolidation loan, to reduce the interest I'm paying and clear them all up quickly. I'm ...
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Is it possible to re-consolidate student loans after marriage?
I consolidated my student loans down to two (for the Sub and Unsub halves) shortly after graduating college a few years ago.
My wife never consolidated her loans.
Is it possible to consolidate hers ...
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Re-financing/consolidating multiple student loans for medical school?
Currently my friend has 5-6 loans for medical school in the 6.8% to 7.9% interest rate. The loans are of type Stafford, Unstafford, Plus, and a few others.
I looked at http://www.staffordloan.com/...
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Can my company buy my personal debt?
I owe $50,000 to my mother and father, who have helped me consolidate my debt over the years.
Can my business buy my debt from my parents for the full amount I owe and then forgive me from having to ...
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How can I determine if a debt consolidation offer is real or a scam?
A friend of mine recently attempted to go though debt consolidation. He received a phone call and was offered really good terms to consolidate his current debts. A promise was made that the company ...
user4127
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Can a debt collector deny a consolidation?
I've asked this question below...
Can a debt collector garnish my wage without a judgment?
but thought it be better the break these up into seperate questions...
PHEA, who is acting as a debt ...
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Can a debt collector garnish my wage without a judgment?
I am going through student loan hell. Trying to consolidate loans and running into walls (repeatedly). I am getting overwhelmed.
Can a debt collector garnish my wage without a judgment?
I am trying ...
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Best strategy for paying off my multiple student loans?
I have a massive amount of student loans (master's degree overseas, basically traded the extra money for about 2-3 years of my life due to differing lengths of education). Now that I have a job and ...
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Would consolidating my student loans improve my credit score?
I graduated college a few years ago and have roughly $12,000 in student loan debt left. Even though I make 1 monthly payment, the loan shows up on my credit score as 6 installment loans. When I go to ...
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What options are there for consolidating a large amount of private student loan debt?
I'm currently in a weird situation - I have a large amount of accrued debt (85k principal, ~15k accrued interest so far), spread amongst multiple smaller student loans. Some are federal stafford loans,...
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Expected rate for unsecured consolidation loan + where to apply?
I have about $50K+ in credit card debt and am paying anywhere from 0%
to 20% on it, depending on the card.
How much can an unsecured consolidation loan lower my rate, assuming I
can get one at all?
...
user1731
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Should I try to consolidate my student loans? If so, how should I do it? What traps should I watch out for?
I recently graduated with my Bachelor's degree in Computer Science. I now have student loans to pay off. I've heard that something that should be done with your student loans is consolidation, but I ...
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