Consolidation Loan Calculator

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Consolidation Loan Calculator To Help Solve Your Debt Problems

The typical family in the United States owes concerning $7,000 in credit card credit card debt. With interest rates up to 28%, a consolidation loan loan calculator may be the greatest thing next to apple quiche.

Millions of people are now considering a loan calculator, also known as Debt Settlement. Consolidation loan calculator service is now very helpful for people who are going deeper and deeper in to debt.

With a consolidation loan calculator, you should get assistance about what you should consider any time deciding whether or not to execute a consolidation loan.

Some things to take into account with a consolidation loan loan calculator are rates, items and possible balloon payments. Another important thing to consider with a consolidation loan calculator is that you can eliminate the threat of changing credit card phrases. Credit card terms can increase your non-tax deductible interest burden.

Using a consolidation loan calculator helps you to find out what your own monthly loan payments will be. Find out what interest rates you may get and you will see what you total cost will be. A consolidation loan calculator may save you from a bankruptcy.

The consolidation loan calculator can present you with all the information you need before you acquire a loan. The best place to locate a consolidation loan calculator inside online.

With a consolidation loan calculator, you have an advantage when comparing loans on the web. When considering 2 or more loan consolidations, you can easily see what are the best deal is for your circumstances.

A consolidation loan finance calculator takes the place of having to be a financial specialist. All the work is done for you personally with just a few records and a few clicks of the mouse button. You then have some solid figures to work with using a consolidation loan calculator.Utilizing a consolidation loan calculator is very simple to use online. If you’re able to use a keyboard along with a mouse, you can get a correct cost of a loan consolidation loan.

Today’s consumers have an advantage when using the consolidation loan calculator to help in the process of eliminating credit card debt. With online services, equipment, resources and information, finding a consolidation loan only is practical. Why stress out about producing several loan payments as well as due dates with all the services that can help eliminate or even consolidate your loans.

Simple forms are given online to see what are the best situation is perfect for you. The consumer is just now empowered along with consolidation loan calculator providers and information online.

Comments: 49

  1. Sebastian February 9, 2013 at 9:45 pm Reply

    By the time I finish school next year, I figure I will owe the following in sub/unsub student loans:
    $12,990.02 2.875% (Student loan deferred from last time I was in school, 82 mths (of the 120) left in payment term.)
    $10,884.10 6.80%
    $13,000.00 6.80%

    I used the payment estimator and it said my monthly payment will be $455.26! Will my mthly payment be lower when I consolidate the loans?

  2. Alberto March 17, 2013 at 9:20 pm Reply

    Can i still qualify for loan reduction based on school district?

  3. Becki March 26, 2013 at 9:56 am Reply

    At current interest rates, standard repayment plan.

  4. Mason March 26, 2013 at 9:25 pm Reply

    Interest rates (Sallie Mae) will most likely be going up on July 1. I have received many, many offers in the mail to consolidate my school loans (these are similar to credit card offers). I do want to lock in at a fixed lower rate before rates increase. Currently, rates vary from 2.75% to 4.75%. What do I need to know to not get screwed? Are some companies more reputable than others? How would I find out? Are there hidden fees to be worried about? I graduate this June.

  5. Nikia March 26, 2013 at 9:25 pm Reply

    I’m gradutating this spring with a BFA in advertising art direction from a prestigious art school in NYC. The starting salary in our industry is around $35,000 – $40,000. I have a student debt of about $50,000. How can I pay this off at a reasonable rate and still be able to afford an apart in NYC? Is there anybody else in my situation? Is $50,000 too much debt for an undergrad?

  6. Sharolyn April 7, 2013 at 4:13 am Reply

    I have $60,000+ in combined school loans for my graduate and undergraduate education. I have two subsidized staffords, two unsubsidized staffords, and one previously consolidated loan. My grace period ends in March and I am looking for the best deal to consolidate.

    At a minimum, I am looking for vendors who:
    – do not charge a fee for applying or consolidating with them
    – offer interest discounts for direct debit payment and on-time payments
    – have no prepayment penalties
    – offer interest rates lower than 5.25% which is what I found at Citibank

    Do you have any leads?

  7. Elfrieda April 11, 2013 at 1:23 am Reply

    If You Cant Make It, Now You Can Fake It using http://www.FAKEPAYCHECKSTUBS.com Need to refinance or get a loan? Prove your income to get the Home, Car or Payday Advance you need to survive! http://www.FAKEPAYCHECKSTUBS.com HELPING YOU HELP YOURSELF!

  8. Thuy April 11, 2013 at 9:14 pm Reply

    My new post is on “Loan calculator”. What should be the title and meta description to draw visitor?

  9. Yoshie April 14, 2013 at 7:18 am Reply

    I am in need of a good debt consolidation program, but I have bad credit and no collateral. Is there any service that can help me?

  10. Joey May 30, 2013 at 8:49 am Reply

    Debt calculators tell me that if I refinance the term to 30 years, my payment will be over $900/mo. Practicing attorneys, would you suggest I do this, or should I chose a more affordable school. Keep in mind, the average starting salary for this school of choice is $130k/yr, but on the east coast.

  11. Rocky May 31, 2013 at 10:01 am Reply

    I currently have loans from school and have 2 years left till I graduate. Should I consolidate the loans now and lock in the interest rates; or should I keep the loans as is until the end of school.

  12. Norberto June 13, 2013 at 7:47 pm Reply

    I’ve already put some into forbearance, and etc. over and over again. At some point I am going to drown in all these bills. Sometimes I wish I had gone to a university.

  13. Tisa July 5, 2013 at 9:38 am Reply

    I have asked banks and looked on the internet and asked friends and relatives to borrow money I’am running out of options,I don’t know what else to do.my wife and I both work,too many late payments,can’t get caught up . thanks p.s very frustrated

  14. Lorna July 5, 2013 at 9:39 am Reply

    I need to find someone to talk to about student loan consolidation, for both federal and private loans. What would be a good resource? I inquired at my bank but they don’t handle this.
    I should add that I’m trying to get away from Sallie Mae, I heard a report on NPR about how much money they make from interest rates and I don’t want a financial relationship with them anymore.

  15. Elizebeth July 9, 2013 at 5:14 pm Reply

    She can use a dept setlement company – or – get us to co-sign a loan at the credit union and then have that bill and her car note to pay off. I don’t know if the debt settlement will hurt her credit, she wants to chose what is the best and most cost effective.

  16. Roberto July 26, 2013 at 9:17 am Reply

    Hello, I have been doing research on trying to lower my monthly loan payments and used the IBR calculator to see if it would help. Whenever I punch in numbers, it says I will “pay $0”. Isn’t that technically deferment/forbearance? I am unable to afford over $500/mo and am trying to simply find a way to reduce it to maybe $300/mo total for all my loans so that I can afford it for the moment… I don’t wish to pay absolutely nothing however. Would consolidation possibly help? My mother is telling me that $30k is not that bad to pay off but I am struggling to find a stable job at the moment, the amount has not budged for over 3 years, and I am desperately trying to save a bit of money to move out to a location with more job opportunities for me… Right now I am only making about $700/mo on average… I have contacted my lenders on help with this matter but the rep I got seemed uncooperative in listening. If anyone has info on consolidation or IBR, or even any other options, please share.

  17. Brandon August 17, 2013 at 7:26 am Reply

    I will have about 45k in student loans when I graduate with my MA in May 2008. How long will I have to repay these loans? I am starting to get worried because I dont think that I will be able to do it in 10 or even 15 years. Has anyone taken out their stafford loans for more then 15 years?

  18. Margie August 22, 2013 at 9:55 am Reply

    Hi all!
    I have been careless in the past and made some carzy purchases, now I have a debt of over $50k. In which I have credit card debt, education loan and house loan. I’m earning $3k per month but the interest rate is killing me. Anyway to lower my interest rates ?

  19. Sebastian August 25, 2013 at 4:34 am Reply

    I took a student loan some years back to pay for my education and now since i graduated seems not that easy to pay back. Is there any way to make things easier? Can i do something on my end? What are my options? Are there any sources you can point me at to learn more (Sites, Forums)?

    Any help would be greatly appreciated.

    Thanks in advance!

  20. Elton September 9, 2013 at 4:32 am Reply

    On the application, if you add additional loans to be consolidated, it asks you to estimate the loan payoff. I don’t know how I’m supposed to estimate the loan payoff. HELP!

  21. Marcelene September 27, 2013 at 12:03 am Reply

    I have tried that cashcall and places like that but since our credit is so poor no one will lend to us. If I cant get this moeny I dont know how I will be able to feed my 2 children at this point and keep a roof over their heads!

  22. Lucius October 7, 2013 at 4:24 am Reply

    I couldn’t find a rent to loan calculator anywhere!

  23. Taylor October 20, 2013 at 3:29 pm Reply

    I keep hearing people get this money back, I don’t understand, what does refinancing your house mean?

  24. Allyn November 18, 2013 at 7:37 pm Reply

    I’m thinking about attending grad school in the fall of 2006. I am currently repaying my undergrad student loans in which amount to only about $8000. Would it be wise for me to consolidate my loans now? What company can I use since my loan amount is under $10,000? How would I be affected by consolidating my loans before beginning grad school?

  25. Ahmad December 23, 2013 at 10:59 am Reply

    I’m currently an undergrad Pre-Med student, and I plan to go on to a Physician Assistant graduate program. Unfortunately, the average cost is about $100 thousand per year, and the program lasts 3 1/2 years. My family is middle-class, but we are in an insane amount of debt that started accumulating years ago when my father graduated from college right around the time his 3rd child was born. I know I can’t depend on my parents (nor do I want to put that burden on their shoulders) to help pay off my student loans, but I honestly don’t know how I’ll be able to afford them myself-especially if I want to have a family some day.

    I’ve heard from friends about opportunities in which you work for the government (whether it be on an army base, in a prison, etc) for a certain period of time for free and they take care of your student loans for you, then you can move on to get a regular job with a salary.

    I really want to be a PA, but I’m afraid that if I can’t figure this all out soon, I won’t be able to afford it and there won’t really be a point in me going through with it. I’ll have to settle for something else and that’s not ideally what I’d like to do with my life.

    If anyone has been in a similar position and has some advice, please let me know! I need something more than just scholarship advice-because trust me, I work full-time year round to help pay for college and I’ve applied to dozens of scholarships (and I’ve only won a couple small ones that only paid for a couple books if anything). Thanks!

  26. Reita January 14, 2014 at 6:04 am Reply

    I am 31 and have a history of bad debt. I want to change this without having to file bankrupcy. I am of course having a hard time of finding a lender that is willing to take the risk. What is my best option I am the head of the household and am currently the only income provider for a household of 6. Which makes it hard to pay outstanding bills and still provider the nessecities for my dependent’s. I am not and don’t want a hand out….just looking for chance to fix past wrong’s in order to do better in the future and relistic advice is welcomed.

  27. Shelba January 19, 2014 at 12:13 am Reply

    I have 2 student loans. One of them is through American Educations Services, and the other one is through Sallie Mae. I’m having a hard time keeping up with both of them along with my other bills (rent, car, insurance, etc.) What is the best way to go about consolidating them together, or is that even possible? Thanks in advance.

  28. Bailey January 31, 2014 at 6:45 pm Reply

    My only college loans are three years worth of Stafford Subsidized and Unsubsidized… Can those be consolidated for a lower interest rate? What is the best possible interest rate I could get? (2005-2007)

  29. Ismael February 2, 2014 at 7:16 am Reply

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

  30. Laquita February 2, 2014 at 10:24 am Reply

    How much would a debt consolidation loan for about $55,000 (Canadian) cost a month to repay over a 5 year period??

  31. Signe February 21, 2014 at 8:59 pm Reply

    All total, I have 6 student loans on my credit report from 2 different companies. I write one check to each company per month. How will consolidation these loans effect my credit? I think these 6 accounts will be closed, and 1 new one for the combined total of the 6 opened. Will this drop my score?

  32. Donn February 22, 2014 at 2:01 am Reply

    My GF has undergraduate student loans and she’s paying about $400 a month.

    What group is the best to use to consolidate these loans into a smaller payment… and also… how much could she expect the payment to go down to?

  33. Elbert February 22, 2014 at 2:37 am Reply

    ok on my site i have adsense and it has over 168 categories and 15,000 articles and none really on debt consolidation, but my ads on my site always shows ads with that keyword, why is that, and is that a good keyword for making money with adsense.

  34. Coy February 22, 2014 at 4:30 am Reply

    Well, I have around 40,000 in student loans.(I went to a technical school that charged a poop load) I filed chapter 13 a few years ago, and I have about 1.5 years left. When I am done I will have to start paying my loans. I checked numerous online calculators, and websites. Most of them have me paying at least 375.00 a month. I have a son who lives with me half of the time. There is no way I could afford this. Does anyone have any exp. with this issue, or no what options I might have?

  35. Kindra February 22, 2014 at 4:30 am Reply

    hi all..

    I’m doing my homework for consolidation ..
    not really understand how to deal with loan..
    can anyone explain to me please…

    a loan liability that was carried at its amortised cost of $32million. the fixed annual rate of interest payable in arrears on this loan was 10%. the loan is repayable on 31 december 2013. the market rate of interest for this type of loan was 8% per annual at 1 january 2009, therefore the fair value of this loan at that date was $34.55million

    Thanks in advance
    Hi Don G,

    Thanks for the answer but need your clarification .. how to get this two amount..

    The exact amount received, at 8%, would have been 34,555,334, a Premium of 2,555,334.
    I’m confuse with the amortise cost method as well .. how shd i account it into the financial statement ?

  36. Jolene February 22, 2014 at 4:38 am Reply

    I am graduating in 1 year and have an abundance of debt. I will still like to live comfortably. I need suggestions as of how to approach these loans. Is loan consolidation a good thing? Any advice will help and is GREATLY appreciated. Thanks.

  37. Willena February 22, 2014 at 4:51 am Reply

    How long does it take the average person to pay off their student loans. I have 50K in student loans. I figured I can pay about $500-600 in payments. That means it would take me about 10 years, give or take.

    Is that too long?
    Sorry, $500-600 a month in payments.
    Is $500-600 too much? I’ve known a few people that have paid $700-800 a month.

  38. Kellee February 22, 2014 at 4:51 am Reply

    I found out that getting cash back is not good because you will be taxed heavily for the cash we get back. Among the lenders who offer interest rate reductions, who offers the best reductions?

  39. Hershel February 22, 2014 at 5:05 am Reply

    i am putting myself through college I have already taken our about 26,000 dollars in college loans and i am coming up on my 3rd year i have averaged out that my total debt out of college will be around 70,00 dollars…. is this way to much… how can i consolidate when im out… does this sound normal or had any one else been put in this position… what will be my monthly payments?

  40. Robert February 22, 2014 at 5:32 am Reply

    Is there really a difference in who holds your school loans? I am getting over loaded with ads to move my school loans. Any suggestions?

  41. Kortney March 8, 2014 at 1:21 am Reply

    I applied for student loan consildation. I am due to start paying these back in Feb.2011.. I still haven’t heard anything from the department of education. I called them today but it’s Sunday so understandably they are closed. The automated message states they received my application on 12/6 and have sent me a letter stating I am in “Summary Statement Phase?” I have not received any letters. I have been looking for any correspondence from them very eagerly and truly haven’t received anything

    When I go to their website and look for my account, there is a list of my loans and that is it? So any of you that have gone through this here are my questions:
    1) Will they consolidate all of the loans I applied for even if they are stafford, direct, subsidized and unsubsidized?
    2)Have any of you applied for the IBR repayment plan? (Income Based Plan)
    3)If so what was your monthly payment like?
    4)Can you apply for forbearance if you haven’t received info on how much to pay or haven’t received any correspondence?
    5)I’m in social work so my income is very low ($17K) but I owe $50k in loans. What does my repayment plan look like under the IBR plan?

    Yes, I already know I’m screwed so please no rude comments. Thank you for your help.

  42. Nikia March 8, 2014 at 10:31 am Reply

    debt consolidation for student loans

  43. Meagan March 9, 2014 at 1:58 am Reply

    All I know is that I’m getting ready to graduate from a private 4 year college where I have about $30,000 in loans (Federal and Private).

    Where do I go from here?

    Honest and serious answers only please….. Thanks!

  44. Alexander March 20, 2014 at 6:39 am Reply

    I.e..loan of $11,000,000 rate of 5.5% amortized for 25 years with fixed principal payments plus interest

  45. Merrill March 27, 2014 at 10:07 am Reply

    I went to NSLDS (national student loan site) and viewed all my loans they show these types:
    DIRECT STAFFORD UNSUBSIDIZED
    DIRECT STAFFORD SUBSIDIZED
    STAFFORD UNSUBSIDIZED
    STAFFORD SUBSIDIZED

    I went to the loanconsolidation.ed.gov site to their consolidation calculator. The loan types they list there are worded slightly different.

    Do these all qualify for consolidation. This is important so please do not guess and only answer if oyu know.

  46. Melita April 10, 2014 at 10:23 am Reply

    I understand that student loan is not a “bad” loan. I have a mixture of federal unsubsidized loans and private loans. I am not due to repay it for another year but I do have interest accruing on it. I believe all the interest rates are under 10%. I’ve been told that you can receive a tax return on the interest paid on a student loan. However in my case, I am still a dependent and I do not file any returns, even though I graduated college recently and I currently have a full time job (which does not pay enough for me to live on my own in my city). I’m not sure how tax refund on interest will help me.

    I plan on going on to professional school in the next two or three years. In the meantime I am wondering what is the best thing to do with the money I am saving: pay off the loan as much as possible or invest it? Thank you for your help. Sorry for the long question.

  47. Cheree April 19, 2014 at 6:48 pm Reply

    Ok here’s my question: have there been any recent directives from the Government regarding Student Debt? There was an announcement about this some months ago, but so far I haven’t seen anything.

  48. Dagmar June 8, 2014 at 2:58 pm Reply

    I’m trying to figure out my stafford loan interest rate-and it seems impossible!! Does anyone know the right website to find this out? I have my FAFSA pin-but the FAFSA website does not seem to do this. Please help soon!!! Also, does anyone know who is the best company to consolidate with? I’m goin’ CRAZY here!!

  49. Ismael June 11, 2014 at 10:19 pm Reply

    I’ve had a loan now for about 2 years. The original term was 10 years. I wanted to find a calculator online that would let me plug in my loan amount, interest rate, payment frequency and such so that it would let me know what the outstanding balance was on the loan as of now.

    Yes, I know I could call them and find out but I don’t want to do that right now. Is there such a calculator that anyone is aware of?

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