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Private Loan consolidation - anyone know of good companies??

Date: Thu, 01/10/2008 - 08:07

Submitted by pamela.moreau
on Thu, 01/10/2008 - 08:07

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Total Replies: 3

Private Loan consolidation - anyone know of good companies??


I am looking into consolidating my private student loans (Sallie Mae, TERI) and I need some guidance if anyone has any in regards to which companies I should look into for this?!?!


In order to consolidate private loans you really have to have better credit now than when you borrowed them to make any difference. Plus most charge origination fees which will be added to your balance.

Keep in mind that private loans do not have to offer income sensitive or lower payment plans like the feds do.


lrhall41

Submitted by SOAPLADY on Thu, 01/10/2008 - 08:56

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Yeah private loans are so much more strict...I blindly used them a couple years ago (never bothered reading terms or anything just went ahead and did it) because I was desperate for money and now the grace period is over and in simple terms, I'm screwed

Even though I'm still in school, the type of loans I got are only good for 2 years and then you have to pay them back, no ifs ands or buts


lrhall41

Submitted by anonymous on Sun, 01/13/2008 - 16:24

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