Consolidation Loan Rates

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Ways to get The Best Consolidation Loan Rates

Are you wondering ways to get great consolidation loan charges If you are tired of struggling with several bills as well as due dates, you may be one of several people who are looking for the very best consolidation loan rates.

Decreasing way to get the best loan consolidation loan rates is by possessing great credit. It’s easy to get great consolidation loan charges with a FICA score above 660. But, there are several ways to get the best consolidation loan rates.

Know Your Credit Ranking Before Shopping For Debt consolidation Loan Rates

You can do a straightforward Google or Yahoo search on FICA and also credit scores to find the information you need to check out your credit score. This really should be pick to getting the best loan consolidation loan rates. With information, you will get the best debt consolidation rates for your financial predicament.

Consolidation loan rates can vary from person to person. The loan consolidation loan rates offered will be based on your financial situation and FICA score. With a FICA score under 620, you will have a difficult time getting a good price.

Refinancing and Hel-home equity loans Used for Consolidation

With a home equity loan, you will get the best consolidation loan prices possible with great credit. Secured by your home, a consolidation loan can help get rid of high credit card charges. You can have fewer bills to pay, with the greatest consolidation rates to lower your interest on a number of loans.

Refinancing your house mortgage can help you receive the best consolidation loan rates.

The main thing to remember with home equity loans and refinancing, is to be logical and don’t allow your emotions get the best individuals. You may get the best debt consolidation loan rates available, nevertheless, you still have to pay back the actual loan. Take time to sit down and research all your options.

Invaluable Resources On the web For Getting The Best Consolidation Loan Rates

With today’s Internet resources, you have an edge when looking for the best consolidation loan rates online. Make time to get educated on the process of obtaining the best consolidation loan charges, and you can save yourself lots of money on the consolidation loan prices available, with just a few clicks of the mouse.

The idea is to combine all your current debts that you must pay back into one big debt with the welfare rate possible. Instead of making monthly payments on several high Interest loans ranging from 10% to 28%, you can make one monthly payment to one company.

Comments: 131

  1. Bernardo March 6, 2013 at 4:13 am Reply

    I am willing to sign up with anyone, even to pay high interest rates in order to get a debt consolidation loan to repay all outstanding debts, then pay back by instalments over 3 years time.

  2. Crystle March 9, 2013 at 7:54 am Reply

    My family and I have accumulated a great deal of debt over the last few years, over 50 K in credit cards, personal loan, etc., all with interest rate of 12% or higher. Other than the “snowball method” where you pay off the high interest card and once paid off put that payment into the next, is there any other effective ways to make the debt more managable, like consolidation loans?

  3. Daniel March 13, 2013 at 12:20 pm Reply

    My husband and I are struggling to pay our mortgage, two car loans, consolidation loans, two credit cards, student loans as well as medical bills for new baby. Should I see someone in a CCCS organization, or just try to stick it out for as long as I can? Our debt to income ratio is now 74%, by the way.

  4. Lavon April 16, 2013 at 11:13 pm Reply

    What is the difference between a home equity loan and a consolidation loan? Which one looks better on your credit report?

  5. Jaqueline June 7, 2013 at 5:11 am Reply

    I have a debt after school of about 60,000. And I need a fixed interest rate consolidation loan so that I can afford to pay the payments each month. Anyone have any good advise? Any great companies to consolidate through?

  6. Clotilde June 25, 2013 at 9:21 pm Reply

    Are bill consolidation loans different from debt consolidation? I am confused in this two concepts. Want to know more about it and get my medical bills, or credit card bills consolidated asap. Also can anyone suggest any good resources for bill consolidation and also want to advice me what to choose.

  7. Hal July 4, 2013 at 8:20 am Reply

    I want to get a debt consolidation loan, WITHOUT using my home equity, but they are telling me my credit score is great, but by ratio is too high. Well, I want to consolidate all the CC debt I have, but it’s running me in circles. What’s the point of trying to get a consolidation loan if they won’t lend it to you because you have too much debt? Does anyone know of ANY bank or anywhere I can turn to that understands and can try and help me? Thank you for your help!

  8. Bernard July 16, 2013 at 2:43 am Reply

    I am looking for a bank to do a consolidation loan. Currently make good money and would rather pay one person. If anyone knows any or person that will do $25,000 for $1200 a month please let me know. Also they must be able to accept Allotments.

  9. Rosy July 17, 2013 at 7:46 pm Reply

    I am not referring to a consolidation loan, I am refer to the services that take your bills and lump them into one monthly sum. If you have had a good experience, which company did you use?

  10. Ezekiel July 19, 2013 at 9:54 pm Reply

    I have a considerable amount of unsecured debt. I have several charge offs on my credit but I’m still sending those companies payment. Everything is being paid monthly though its not reported. Those companies will not report this on my credit and I understand that. Is there any REAL lenders out there that will give me a consolidation loan?

  11. Manie July 20, 2013 at 7:57 am Reply

    I am seeking a loan peronal and or debt consolidation loan, my credit is nor the greatest, but can anyone help guid me to a company or firm with low interested rates please
    a company that has a legitimate Licence, and offcial loaning business! Thank You

  12. Lanell July 20, 2013 at 6:08 pm Reply

    I don’t have good credit and I’m in debt. I need a loan for the amount of $20,000 where can I get a loan or consolidation loan?

  13. Dallas July 20, 2013 at 7:06 pm Reply

    My wife and I were stupid and acquired a large number of credit cards in the first two years of our marriage. We have never missed a payment for any reason other than forgetting about it and even then it was only a few days late. We’re financially stable so debt consolidation loans wouldn’t be the right choice. However, at this point I could care less how its done I just want to have less payments to remember. Also automatic payment through our bank doesn’t fit into our situation because of the unpredictable direct deposit schedule the VA tends to have for us.

  14. Florentino July 20, 2013 at 10:59 pm Reply

    Right now I live in a run down trailer and have 1 loan of 9,000 through citi finical and a 2000 credit card. I want to buy a house for 30,000 then use the houses equaty to get a bill consolidation loan for it all. Is that reasonable and what are the normal intrest rates for most of the consolidation companys?

  15. Zulma July 21, 2013 at 3:59 am Reply

    I have about 43k in student loans. One is a 35k consolidation loan that has interest built up on it. The other is an 8k loan with no interest built up yet. Would it be smarter to put the money I have toward paying down the interest on the bigger loan, or would it be better to pay down the principal balance of the smaller loan? I have no idea what would be a better thing to do. Please help.

  16. Aura August 6, 2013 at 6:29 am Reply

    She has over $25,000 of debt and has trouble making the minimum payments. We do not own a home and pay rent and auto loan monthly as well as the usual expenses. I looked at debt consolidation loans, and debt counseling sites and there is so much conflicting information. Anyone who has gone through the same or works in the field any advice?

  17. Vern August 10, 2013 at 1:10 pm Reply

    I need a small consolidation loan but i have bad credit. I do not have anyone to co-sign for me does anyone know a place i could get a loan without a co-signer?

  18. Chadwick August 17, 2013 at 7:23 am Reply

    I am in dire need of a debt consolidation loan and I have bad credit. I can make things work with $5000, but I do not know where to start. I have seen people with yahoo addresses claiming they can loan money but they sound fishy as it is not a company email, their emails always seem to be yahoo. Any info will help. I fell on hard times and am now able to pay my monthly bills but I cant seem to catch up what I fell behind on. PLEASE help asap. I have a 5yr old and I do not want him to suffer us loosing our home or car.

  19. Raymonde August 17, 2013 at 7:24 am Reply

    Where can people who realy want to get rid of that nasty revolving apr credit card debt get a consolidation loan. Especially people who have fair to less then fair credit. Please help.

  20. Eddie August 31, 2013 at 5:33 am Reply

    I was wondering if anyone took a personal bank loan in order to pay off their credit card balances? Do banks actually offer a credit card consolidation loans yet and for that purpose only? From what I understand this would be better than a 401K loan. Forget the home equity loan. Also heard enough about those so called “credit card repair companies” that they are not worth it. About 16k owed and I am sick and tired of their finance charges , late fees, etc. Want rid them once and for all!

  21. Maria September 5, 2013 at 9:50 am Reply

    What is a good debt consolidation company that will negotiate what you owe by negotiating with the creditor, and then you owe less than before to each creditor, but you owe them for one big new loan , to them for paying your debts?
    So they are getting your debts down by negotiating and then give you a consolidation loan to cover the amount owed to them now?

  22. Laree September 12, 2013 at 7:37 am Reply

    I have too many simultaneous payday loans out right now, and I don’t know if my credit is good enough to get another loan to pay them off. Does anyone know of a debt consolidation/loan program that could help me get out of this debt?

  23. Justin September 13, 2013 at 9:11 am Reply

    I am after a Debt Consolidation Loan to combine some debts of mine, I have $14000 in a personal loan and $10000 in car finance, I have only just returned to the workforce after a 4 month holiday but I want to get this consolidated as quickly as possible, can anyone recommend some help?
    By the way, I live in Australia.

  24. Reginald September 13, 2013 at 2:55 pm Reply

    I went to try to get an idea from my local Credit Union of how much of a mortgage I could pre-approve for, and they the answer was far less than I expected. As she was calculating our totals she said that our monthly debt was bringing down our loan amount possibilities. My question is should I focus on a consolidation loan to reduce monthly payments or throw money at the problem and try to reduce my total debt amount, even though I can not afford to totally remove any actual bills.

  25. Brandon September 15, 2013 at 11:35 pm Reply

    I am looking for a home renovation loan of USD20,000.00 and a debt consolidation loan of USD30,000.00 with an interest rate of maximum 5%. I will give the finder a 3% one time payment for the deal. I live in Malaysia and am currently having a not so good credit. Thanks to all out there who can help.

  26. Morgan September 17, 2013 at 3:47 pm Reply

    especially if you dont’ have the money to pay off the monthly balance? i have $8,000 worth of credit card debt and not sure if it was a good idea to get a debt consolidation loan to pay 3 of ’em.

  27. Rene September 19, 2013 at 1:36 pm Reply

    I know the pros of the debt consolidation loan. I want to know the risks of the debt consolidation loan?

  28. Les September 20, 2013 at 4:01 am Reply

    I have 2 cc’s with high interest rates plus another sig loan. I feel a consolidation loan will lower my rate and I would save money over time.

  29. Socorro September 23, 2013 at 12:02 am Reply

    Does Consolidation your bills and/or loans improve your credit rating?
    But,if I do this and I’ve heard of consumer credit counseling being the best in consolidation loans/credit cards. I hope to go back to school back in the future.

  30. Alessandra September 27, 2013 at 12:04 am Reply

    I have about $18000 left on a car loan from the bank at 3.25%, $12000 in student loans left as well at 8.75%. Its not enough top go bankrupt and I didnt quality for a consolidation loan… what else can I do to help pay this off faster and make it easier?

  31. Angelo September 27, 2013 at 12:04 am Reply

    I am open to debt consolidation loan or whatever. Whats the best way and who do I need to contact?

  32. Camelia October 8, 2013 at 1:46 am Reply

    How exactly do you get a consolidation loan? I mean obviously if you are looking for one you are up to your eyeballs in debt, which makes your credit look over extended and horrible. So how do you get approved? I need one desperately.

  33. Angelic October 9, 2013 at 5:57 am Reply

    I am planning for a debt consolidation loan. I want to know the benefits of the debt consolidation loan.

  34. Annice October 12, 2013 at 2:50 am Reply

    I am planning to take debt consolidation loan but want to know some information. How can I find the secured debt consolidation loan?

  35. Lesley November 11, 2013 at 4:44 am Reply

    I need to find a legitimate loan company that loans to people with defaults and CCJ’s that doesn’t charge ridiculous interest rates and doesn’t charge upfront fees etc. I need a consolidation loan.

  36. Floretta November 12, 2013 at 11:33 am Reply

    My husband and I are trying to straighten out our finances because we have a lot of debt (credit cards mostly) and we want to buy a house. Everyone tells us that getting a a debt consolidation loan will help because we can combine all of our debts into one monthly payment, but we kept getting turned down or offered a low amount because we have too much credit being used. What’s the point of a debt consolidation loan if your too much in debt?

  37. Felton November 19, 2013 at 1:12 am Reply

    A company that will negotiate what you owe by negotiating with the creditor, and then you owe less than before to each creditor, but you owe them for one big new loan , to them for paying your debts?
    So they are getting your debts down by negotiating and then give you a consolidation loan to cover the amount owed to them now?

  38. Lucrecia November 19, 2013 at 2:02 am Reply

    Can you get approved for a debt consolidation loan with a credit score as low as 550? If so, what kind of interest rate should I expect and where would you suggest I apply?
    Reply to Go with the flow: lol No, no no. I haven’t put myself in debut I was born into it lol. The penny stocks were just an inquiry for me to begin learning how the stock market works (to possibly invest one day). I grew up poor and had debut collections before I ever had a career or any positive credit. Now I have a good career but my credit recovery is going to slow. I’ve i had about 4k I could pay all my debut and my credit would be good (for the first time in my life). Then I’ll think about investing (in my 401k at least). I wouldn’t deal with penny stocks now anyways. If I ever do invest I’ll use better stocks and nasdaq. 😉

  39. Leonel November 19, 2013 at 2:04 am Reply

    I have approximately $15K in various credit card and hospital bill debt. I am looking for a good company that does debt consolidations/loans.

    There are lots and lots of companies available but i’ve heard there are both good and bad ones out there. Personal experiences are highly important so if you have any – please share them.
    Also, is there any rating/review service or consumer guide that has written about this field? Web Links?

  40. Danilo November 19, 2013 at 2:06 am Reply

    I have undergraduate and graduate loans with interest rates over 8.02%. The amount of the loans are also significant. I know I missed the deadline for the rates at the end of June. But should I consolidate at this time?

    I am having a difficult time finding permanent employemnt also. Are there deferments/forbearrances with consolidation?

    Also, which are the best consolidation loan bearers (hope that’s the correct term) to choose.?

    Thanks all for any assistance provided.

  41. Alexander November 23, 2013 at 4:34 pm Reply

    What are the current rates, and with the fed cutting rates, what are the chances the student loan rates will decrease as well? And if so, when?

  42. Gregory December 1, 2013 at 6:23 am Reply

    Should debt consolidation loans be taken to pay off collections agencies, or should they only be used for paying off credit cards? I have debt of about 10,000 from medical bills and payday advances among other things. I want to pay off all my debts so my credit can start recovering.

  43. Rosaline December 1, 2013 at 9:38 pm Reply

    I’m looking for a consolidation loan. There are so many companies out there. I heard that some of the companies with great promotional interest rate discounts (e.g. for on-time payments, enroling in auto debit etc.) turn around and sell your loan to another company. When this happens, do the terms have to remain the same as the original consolidated loan (ie interest rate, payment schedule etc.)? I’m hearing mixed things about this. I contacted the Federal Student Loan information center and was told conflicting things as well.

  44. Alfredo December 1, 2013 at 9:49 pm Reply

    I would like to get a debt consolidation loan for my outstanding debt from closed credit cards, old utility bills, etc

    I have student loans, but I would like to consolidate them separatley and not through another loan.

    Also, I have an auto loan, would the loan be able to cover that as well?

    Please, real answers, and no opinions/judgements.

    Thank You.

  45. Ervin December 5, 2013 at 8:50 pm Reply

    My fiance and I are trying to buy a house. But no where will give us a loan because he has such horrible credit. Will getting a debt consolidation loan help his credit enough to be able to get a home loan?
    Also the things that are bad on his credit are all in collections if that makes a difference.

  46. Tiffanie December 10, 2013 at 2:27 pm Reply

    I have tried to get approved for a debt consolidation loan so I could have my credit cards and school loan under one monthly payment rather than juggling several payments but I get denied because I have too much credit in my name right now. If I close all the credit cards will this help me get a loan approved? It would make life so much easier if I just had 1 steady monthly payment.

  47. Rolf December 12, 2013 at 11:56 pm Reply

    I live in Ontario and can’t seem to find anyone offering a consolidation loan with a low interest rate. Searching on the web only gives me info from the US. Can anyone offer any suggestions? Thanks

  48. Rick December 14, 2013 at 7:22 pm Reply

    I have an authorised overdraft of £1000 with my bank and have stupidly spent it all. Every month they take the charges of what I have used and it therefore leaves me with no money to live on. I am in a complete mess and cannot even get a consolidation loan to help me as my credit rating is bad. I am aware that this situation is completely my fault but would really appreciate some advice to help me get out of this situation. Thank you.

  49. Florencio December 16, 2013 at 12:32 am Reply

    I have a subsidized student loan in the amount of $11,460.55, does anyone know the names of specific companies that have the best consolidation rates at this time? What are those rates?
    Well maybe I should ask, “which company offeres the best incentives and rate deductions”?

  50. Caleb December 16, 2013 at 6:40 pm Reply

    I need help to consolidate all my debt into a low month payment as I am ready to clean up my
    act and get financially organized. But when I find that the interests rates for the major banks are rediculously high and I end up spending way too much paying interest.

    Does anyone know where I can find a low interest rate for a personal loan or consolidation loan?

    How about consolidation companies that do debt reduction programs?

  51. Gwyneth December 16, 2013 at 6:41 pm Reply

    Question? What makes people keep using them when they see the destruction it is causing?

    Many people, mostly younger folks and women, have so many credit cards they end up in severe debt and ruin their credit for many years to come. Credit card applications are mailed out by the tons and people keep activating them knowing the interest rate is or will be up to 20% or higher. Everyone needs at least one credit card and no more than two. You also need one revolving (department store) credit card to establish a good credit history. The limit on the credit card(s) should be no more than 10% of your annual salary and the revolving card half that. Always make a minimum of a double payment on all your credit cards and pay on the due date. Never ever be even one day late. The interest rate and late fees will destroy you. If you are experiencing problems the first thing you need to do is carefully cut the cards up and throw them away. If you can not afford to pay the total monthly bill attempt to get a consolidation loan to get out of debt. The monthly payment will be less than the total monthly payment of all your cards with a much lower rate. Some banks and credit unions will be willing to help you out if they know why you are taking out the loan. Financial debt can create so much strain it can even destroy your peace of mind and your marriage. Don’t fall into that trap.

  52. Marianne December 16, 2013 at 6:41 pm Reply

    I have bad credit and I am having trouble with some accounts that I cant seem to stay caught up with. It would help out massively to consolidate this debt so I can get out of the hole I dug myself into. Does anyone know a company that is willing to give debt consolidation loans to people who have bad credit?

  53. Odis December 18, 2013 at 5:37 pm Reply

    I have two jobs and still struggle to pay my student loans and for this reaosn I am considering a consolidation loan. Eventaully I owul dlike to go to graduate school. If I were to get a consolidation loan would that affect my eligibility for grad school loans in the future?

  54. Salena December 19, 2013 at 7:05 pm Reply

    I have a good credit history, but my credit cards are maxed out and its effecting my score big time. I want to get a consolidation loan to combine my debt around 5000, not too much. Any info would be helpful.

  55. Tristan December 20, 2013 at 4:10 pm Reply

    I have too many payday loans out right now, and I don’t know if my credit is good enough to get another loan to pay them off.

    Does anyone know of a debt consolidation/loan program that could help me get out of this debt ?

  56. William December 23, 2013 at 11:02 am Reply

    I need to get a consolidation loan . I get social security. Im in debt to four loan company’s.The amount I owe is $3000.00. I always make my payments on time. My credit score is around 605 because my debt to income ratio. I would like to get my interest down and only have one loan payment.

  57. Beau December 23, 2013 at 12:16 pm Reply

    I have numerous debts (car payments, student loans, a few credit cards, and a signifcant personal debt owed to a friend) that I’d like to roll into one monthly payment (which would hopefully be smaller than the amount I currently pay for each one as a separate monthly bill).

    Some people have advised me to apply for a debt-consolidation loan. My question is, will doing so affect my credit negatively? Do they even include student loans in debt-consolidation?

  58. Collin December 24, 2013 at 12:55 am Reply

    credit is fair, so who would be the best choice for a consolidation loan?

  59. Lonnie December 24, 2013 at 5:59 am Reply

    I have the opportunity to get a $10,000 consolidation loan to pay off all my cards ($6,000) but I’m not sure that’s a good idea. I would like to raise my credit score to make a major purchase.

  60. Corinna December 28, 2013 at 4:24 am Reply

    I’m am not very far in debt but need help getting back on my feet. Everytime I apply for a Debt Consolidation Loan I am denied. Who would approve me? Does anyone know.

  61. Antonia December 28, 2013 at 5:48 pm Reply

    Trying to get help with debt by a debt consolidation loan but I can’t approved. I’m behind on payments so I just keep sliding deeper into debt with late fees and I’m trying to pay it but can’t get the help I need. help!

  62. Pricilla January 1, 2014 at 6:53 am Reply

    All the companies I have checked out are not offering consolidation loans because of the credit market. There is no way I can make payments with out consolidation. Someone please help!

  63. Pat January 2, 2014 at 9:59 pm Reply

    Not credit counseling, but debt consolidation loan. Can’t find any good info on the web, so your educated opinion would be helpful. What are credit requirements, home equity requirement, debt service ratio and other factors?

    If you know a good resource that would be very helpful as well!!


  64. Tessie January 5, 2014 at 10:19 am Reply

    I want to know if you personally found a company which considered your case and gave you a loan even though you have bad credit and outstanding balances. I have researched enough about counseling and debt consolidation loans. I just want to know who has actually gone through the process and which company you used. Thanks

  65. Camilla January 11, 2014 at 11:13 pm Reply

    I have too many payday loans out right now, and I don’t know if my credit is good enough to get another loan to pay them off.

    Does anyone know of a debt consolidation/loan program that could help me get out of this debt ?

  66. Nicolas January 27, 2014 at 2:03 am Reply

    Consolidation Loans combine several student or parent loans into one bigger loan from a single lender, which is then used to pay off the balances on the other loans. It is very similar to refinancing a mortgage. Consolidation loans are available for most federal loan programs.


  67. Ted February 2, 2014 at 7:07 am Reply

    So I am going to be going to school to be a helicopter pilot and there are only two companies that I can get student loans through (Federal Loans are not available to this school). I was originally approved for 75k with Penn Security (Through TERI) with Prime+0 interest. TERI filed for Chapter 11 and will no longer fund my loan. Wells Fargo has given me an interest rate of 7.99+Prime on 25k per year. I will need this loan plus a loan from Sallie Mae for 20k as well. My question is can I consolidate after I’m done with school so that my interest rate isn’t as high, because that’s outrageous. I can’t afford to go to school with that high of an interest rate. Please only answer my question and don’t tell me to go to a different school or try another lender. I only have two lending options and I just moved 300 miles to go to this school because I was already approved with Penn.

  68. Vernon February 2, 2014 at 10:15 am Reply

    I just recently paid off my debt consolidation loan that I got through my credit union. Unfortunately, I didn’t learn the first time, and opened up another credit card and I am in the same situation again. Do you think I could get into trouble for trying to apply for another loan or a credit card with my bank to see if I can transfer the balance from my high interest credit card to another one? Or do you think that I would be stupid to apply for another loan with them? Maybe I just feel guilty for not keeping my spending down. Ugh… what do I do? I just want to be debt free!

  69. Eugenio February 2, 2014 at 10:45 am Reply

    I have graduate student loans. Direct-unsub, Direct-sub, and FFELP. I’m thinking about consolidating to see if I can get a better interest rate. The payments Sallie Mae has offered me are ok for my income but I’m not paying down any principle. With a 6.8% interest rate, can I find a better interest rate so that I can start paying principle sooner?

  70. Lawrence February 2, 2014 at 5:32 pm Reply

    I ‘m writing because my wife and I need to know the best way to consolidate her college loans. My wife graduated in Dec. and its time to pay the piper. She has some low interest Sallie Mae loans but the problem is the remainders of the loans are unsubsidized Stafford loans with Citibank. $26,000.00 at an average 6.8%. The monthly payment will be difficult for us to make. We’d like to consolidate but don’t know where to look for the lowest rate. I know some bills in congress are aimed at lowering these rates. We have received solicitations from different loan brokers but they don’t leave me feeling like they’re looking out for us. Is it worth it to consolidate now if we’ll only be switching lenders when (if) the bill in congress is past? Where can we find information on student loan consolidation rates in an unbiased, consumer advocate atmosphere? Thanks for your help

  71. Patsy February 2, 2014 at 6:01 pm Reply

    are there any actual bill consolidation loan companies for non homeowners that provide loans to consolidate bills not counsel or negoiate, actually consolidate bills with real loans
    please no sermons, just company names, i go to church 5 times a week

  72. Roberto February 3, 2014 at 3:04 am Reply

    I have some $50K in student loan debt, which is defaulted, and in Colorado and New Mexico, across several loans.

    What are my options as far as consolidation goes? Are there non-profits that could help the interest stop? Will I be eligible while they are in default or do I need to get them out of default first?

    The current asking payment rates on my loans total about 40% of my income and are not feasible at this time.

    Specific names and websites of agencies that can provide assistance would be appreciated.

  73. Jannette February 21, 2014 at 8:22 pm Reply

    what is it?

  74. Marian February 21, 2014 at 8:22 pm Reply

    the stafford is unsubsidized for $3500 w/ a private loan for $5000 at prime minus 0.5% (4.5%), or all $8500 with a private loan at 4.5%. Makes sense now for the $8500 4.5% loan, but huge mistake if prime goes up. What do you think?

  75. Kimiko February 21, 2014 at 10:40 pm Reply

    I have been offered 4.5% so far…

  76. Domingo February 21, 2014 at 10:40 pm Reply

    Ive heard about them and talked to them… I’m wondering if there any good… anyone know? whats the deal?

  77. Jared February 21, 2014 at 10:46 pm Reply

    any companies out there that will pay off payday loans under debt consolidation program

  78. Jill February 21, 2014 at 11:14 pm Reply

    I currently have the following debts:

    3400 on credit card (6000 limit)
    2300 on credit card 2 (2500 limit)
    Loan 5800

    My credit score is currently good on experian

    I applied for a loan to put all the debts together as credit cards are heading into high interest rates soon and was rejected.

    My question is – as I have so much available credit on cards – could the loan company be rejecting me because if this? Would it be worth me bringing combining the credit cards onto credit card 1 and closing credit card 2 or is this pointless?

    Sorry if the above is not clear

    What I meant to say is are the loan company worried about giving me more funds when I have easy access to funds on my credit cards.


  79. Terrence February 21, 2014 at 11:30 pm Reply

    i am 30. Earn £27,000 a year and would like to consolidate all of my student credit card debt and loan into one monthly payment. I have only just lefy Uni for the 2 nd time around and have only 1 months work in my new job. I would like to pay it off in about 7 years terms. which is the best company? my credit rating is ok, no missed payments

  80. Leandro February 21, 2014 at 11:30 pm Reply

    Just looking for help with Private student loans… wh offers best consolidation dealts

  81. Chadwick February 22, 2014 at 1:32 am Reply

    I have recently gone through a divorce and now have about $6500 in credit cards that I’m trying to pay off. The APR on the cards is ridiculous and I’m not getting anywhere with my payments. It’s very frustrating and I feel like I’m just throwing money down the drain. I’ve spoken with a couple credit repair agencies but I’m not comfortable with their programs.
    I just have “okay” credit now and my mom has offered to cosign a loan for me. I am considering a consolidation loan so I can pay these cards off and close them and have only one payment each month.
    I’d really appreciate some advice on banks, companies, etc. that maybe you have worked with or have heard great things about. I don’t want to get into more financial trouble, I just want a reliable loan with a decent interest rate. Any suggestions?

  82. Caren February 22, 2014 at 1:32 am Reply

    is it worth it?

  83. Sarita February 22, 2014 at 2:40 am Reply

    My boyfriend andI need a consolidation loan for our credit card debt and we probably won’t be approved by ourselves since our cards have been maxed out for awhile. I can afford the minimum payments no problem though. My grandma will be a co signer for us. Can I apply for a loan with all 3 of us on there? I want my boyfriend on the loan to help his credit as well

  84. Gayle February 22, 2014 at 2:40 am Reply

    Can anyone gine me ideas on the best companies to get a debt consolidation loan with? I’ve also thought about doing the credit counseling thing. Which one is a better option??

  85. Lucius February 22, 2014 at 3:27 am Reply

    i just graduated from a state school in pa a few weeks ago…ive been getting a lot in the mail about consolidating my student loans, does anyone know if this is a good idea? or is it just junk mail?
    nope, not penn state…a school called slippery rock university of pa…which agencies did you folks use for the consolidation??

  86. Alec February 22, 2014 at 3:27 am Reply

    Does anyone know of a place that will provide a consolidation loan (not debt settlement) to people with good credit, but not excellent credit? I’m not having any luck with the major banks such as Wells Fargo, B of A, US Bank…etc. Only helpful suggestions please. I’m not looking to be critiqued. Thanks!!
    Not a homeowner and I live in NV.

  87. Terrell February 22, 2014 at 3:43 am Reply

    I currently have a friend who is approx £6000 in debt due to various reasons, as a result of this she is loosing most of her somewhat minimalistic monthly wage, with the end payment date far into the future and her wage advancement opportunities almost non-existant, I am after some information on how consolidation loans work, benefits, drawbacks, basically any information would be extremely helpfull and assist on getting a better view on how to inprove her situation.

    Many Thanks in Advance

  88. Lynnette February 22, 2014 at 3:45 am Reply

    Ive been looking into debt consolidation and, is there a difference between debt consolidation, and a debt consolidation loan? and if so what?

  89. Trang February 22, 2014 at 4:11 am Reply

    This is the deal Graduate Leverage gave me on a 25yr. payment plan for $31,500 in student loans. My payments came out to only $173 a month. Is this as good a deal as I am going to get on consolidation? (1% is taken off the interest rate after 17 timely payments with a .25% deduction taken off for automatic withdrawal )

  90. Laurette February 22, 2014 at 4:11 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.

  91. Cesar February 22, 2014 at 4:42 am Reply

    I’d like to know if anyone knows about federal consolidation for student loans. Could someone please tell me exactly what a consolidation loan consists of, and how you know if you’re eligible? How recent of a college grad do you have to be?

    If you can help me, thank you!!

  92. Kerry February 22, 2014 at 5:06 am Reply

    I am wondering if I can do a federal and a private student loan consolidation because I have the federal loans which can be consolidated together, but I have a couple of private loans that cannot be joined in with those. So, can I consolidate the federal loans together and then do a private loan consolidation for my private loans, or Can I just do one consolidation?

  93. Toby February 22, 2014 at 5:06 am Reply

    Hello, if your not behind in any of your credit cards and you just want to do debt consolidation because you have so many…How long does it report on your credit that you are in a debt consolidation program??

  94. Paulita February 22, 2014 at 5:06 am Reply

    I have amassed $16,000 in credit card debt. I am contemplating the best way to tackle this debt as there are other things that I want to do with my recently purchased condo. However, I will not begin to make any improvements or take on further debt until I am totally credit card debt free.

    The credit card debt is contain on (2) credit cards that have an interest rate of 9% and 12% respectively. I am considering a debt consolidation loan but preliminary research shows that the interest rates being offered are higher than my credit cards’ interest rate. The fixed payment of a debt consolidation loan is what is most appealing to me. What suggestions do you offer? Is it possible to receive debt consolidation loan at a rate lower than what is being offered? Are there other debt reduction remedies that I should consider? Let me know if you need additional information. Please help. Thank you for your time

  95. Maxima February 22, 2014 at 5:12 am Reply

    I want to pay off a terribly high interest credit card ive had for many years ,my wife missplaced the bill and now they defaulted my special interest rates to theyre maximum,this is after years of never missing or being late.

  96. Emanuel February 22, 2014 at 5:22 am Reply

    I’ve already consolidated my debt 3 times with my credit union. It’s been a year since my last consolidation and I’ve accrued under $5K in debt since then, but I’d like to get it consolidated again. Does this hurt my credit to do this? Am I less likely to get loans in the future? Does this do any harm at all? I just find it’s always so much easier with one easy monthly payment and a fixed interest rate. Any advice from anyone more knowledgeable than me on this subject?

  97. Bruno February 22, 2014 at 5:48 am Reply

    i need some help with my options. I have 2 loans which i wanna make cheaper every month as i am really struggling. I have very bad credit and dont wanna pay for more than 3 years, i only want to loan 5000. any idea what options i have?
    i do not have credit cards. i got a loan out for a car a while ago and had a boob job. at the time i cud afford everything but unfortunatly had to quit my job coz i could not afford the childcare!!! I can afford both of these debts but it would just be so much easier to have 1 payment rather than 2!

  98. Blaine February 22, 2014 at 6:26 am Reply

    Sign for student loan consolidation in October of 2006, was told it would take 6 to 10 weeks to process, about the end of 06, never heard another word, today got a payment book from some company I never heard of. They say they have my loan papers with signture, and sending me a copy. I did not sign with these poeple, haven’t heard from the other in 6 months, I am now jobless and schooless, is this legal, aren’t loans void after a certain time period, and any suggestions on what to do or how to go about this? Thanks for the input

  99. Damien February 22, 2014 at 6:36 am Reply

    I am considering getting a consolidation loan and I am not certain that is the best thing for me. I am paying all my bills but my debt has gotten away from me for various reasons. I do have a plan to hack away at it. I am told by the bank that it will take me much longer to erase (if ever) than if I just clear the debt with a monthly loan payment and cancel all credit cards and lines of credit. I think if I stop using the credit cards I will pay things off in a few years. Any advice on consolidation loans?
    I know what a debt consolidation is I was asking something specific about credit rating
    I don’t have bad credit and I am making my payments fine

  100. Harriette February 22, 2014 at 6:47 am Reply

    Really want to consolidate all my debts which is about 40 grand, hav applied 2 loads a companys who cant help, my credit rating is crap because im maxxed out and hav struugled 2 keep up with payments. Hav learnt my lesson big time n really want a fresh start, cannot go bankrupt because of my business just need to know if there is a company who will give someone like me a chance ???

  101. Marguerite February 22, 2014 at 7:44 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.

  102. Frederick February 22, 2014 at 8:15 am Reply

    I owe about $20,000 from different credit companies and would like to consolidate them all into one bill. My credit isnt that perfect and so, what would be the best companies to approach for such a loan? unsecured preferred. Thank you.

  103. Candelaria February 22, 2014 at 8:16 am Reply

    My husband and I are way over our heads in student loan debt. Between the two of us we have four payments a month all in the hundreds of dollars. We can’t afford it! Is there any programs out there anyone knows of that will consolidate all our loans into a lump balance so we only have one payment a month?

  104. Belle February 22, 2014 at 9:02 am Reply

    Is it smart to consolidate an unsub and sub loan with different fixed interest rates along with a small perkins loan? I have always heard to consolidate but I am not quite sure? I would greatly appreciate any advice!

  105. Valda February 22, 2014 at 9:04 am Reply

    I’m just about to graduate from a private college and have a good amount of debt (private and federal). I have been looking into consolidating with Sallie Mae (most of my loans are through them) and it seems like a good deal. However, I also get consolidation mailings from companies like NelNet and Student Loan Xpress and was wondering if anyone has dealt with them before. SM and the other companies all compute your interest as a weighted average so they seem pretty similar. Specifically, StudentLoan Express (a CIT company) says I can get a rebate AND deductions off of my interest rate when I do an automatic payment. I’m just wondering if anyone has used these companies and/or places with rebates. I don’t need too much detail with interest rates and such because I understand all of those things (finance major) but anything else would really help. Thanks!

  106. Mavis February 25, 2014 at 5:39 am Reply

    Can someone explain the rule about only consolidating once? I consolidated private loans (except for one) a few years ago and i am still getting solicted by companies. Does this mean i can still consolidate with someone else or do i have to stick with the same company?

  107. Yessenia February 25, 2014 at 10:54 am Reply

    Can you consolidate student loans that were taken out for two different people? I would like to combine my loans with my husband’s- is that possible?
    Also, does anyone have suggestions on reputable agencies to consolidate your loans with? I have received mailings from Nelnet and Sallie Mae- does anyone know anything about either?
    What is a good interest rate to accept for consolidation?

  108. Donte March 15, 2014 at 9:04 pm Reply

    I start paying back in a month, and haven’t received anything in the mail yet regarding consolidation…all I’ve gotten were individual remidners for my stafford loans…I’m wondering, will they contact me? Or do I need to contact them?

    Also, is it worth it to consolidate if all I have is abotu $18-20k in Stafford Loans and abotu $2-3k in alternative loans?

    Please help as I’m stressin myself out worrying abotu this crap…

  109. Aron March 19, 2014 at 4:24 am Reply

    how do i get a debt consolidation loan and how do i know what a good company is? my husband and I have 30 thousand dollars in debt

  110. Roger March 20, 2014 at 6:30 am Reply

    I’m almost positive I am going to consolidate my student loans from college because the repayment starts soon, and it seems like my best option. I’ve heard that it’s also supposed to raise your credit score immediately. Is this true? How much of an impact does it really make?


  111. Vilma March 20, 2014 at 6:30 am Reply

    We purchased a home this year. We have several other debts (small personal loan at a bank, loan at a finance company, two car loans) We would like to borrow money to pay off these debts, not accumulate anymore, and have one monthly payment. We don’t know alot about the different loans out there so I wondered if anybody out there could help me. Thanks
    Thanks for the responses all. I’m going to check out those sites suggested and try to get a better grasp on what I am looking at here. I figured my “smaller” bills and the payments are about 1100 a month. What I am looking for I guess is a loan to pay all of those off and maybe have a payment of 500, saving me 600 a month. I would still have my house payment, that wouldn’t be a problem once the smaller bills were paid off. It’s a struggle right now because of all those other payments…so I think getting them consolidated into one payment would be alot easier to manage and hopefully save us some money every month.

  112. Calvin March 20, 2014 at 6:31 am Reply

    I had a baby last August, and missed two months of work and 3/4 of my income, roughly $3,000. We don’t qualify for WIC or foodstamps which led us into the vicious payday loan cycle. I have enrolled with a company called Solid Ground Financial to consolidate these loans and hopefully be rid of them once and for all. My question is, are they legit? Before anyone says it’s cheaper to do it yourself, keep in mind that my husband and I have 17 payday loans between us, and we are going to have over $5,000 debited from our bank accounts between now and February 3rd. This leaves no money for food, rent, formula, utilities, gas, nada. This company has offered me a 10 month payment of $965 per month, which leaves me cash to pay my bills and still make the once per month payment. We are supposed to close our bank accounts and open a fresh one, but I will have to do an ACH hold on mine until I have the money to bring it current, and then close it. I’m concerned about this, also. I work for a reputable place in my hometown, and I do not want to go to jail over these stupid payday loans and leave my two small children to the world. I’ve never been in a situation so scary. Any advice or help or thoughts on the entire matter would be appreciated, but please nothing rude. I’ve spent the past two months juggling loan after loan after loan just to barely make ends meet. I feel like I am doing something illegal by going through this company and closing my accounts, but I have go to ensure we have a place to live and food for my kids. I don’t know what else to do.
    *I would have absolutely preferred to go through a bank, but I have absolutely no credit to obtain any type of loan, not even through sources such as Lending Club. This is definitely a last resort. I am not blaming anyone but myself for my mess. I understand I dug myself into this hole. I am hoping someone who used Solid Ground can attest to their reputation.

  113. Antonia March 20, 2014 at 6:33 am Reply

    Here is what’s going on with me. I have about 30,000 dollars worth of student loans, however I have them through more than one place…I have one through Astrive, a couple of Direct Loans, and one through Wachovia. I also have a car that my mom took out in her name and is going to want off of her credit that’s around 13,000. So, it comes to around 50,000 total of debt. I would like a debt consolidation loan, not only to get the car off of my mom’s credit, but to make things easier for me, because making the minimum payment to everything is going to cost me more per month than just paying one place. Plus, a loan will build my credit. The thing is, I have bad credit because I was swamped with medical bills a couple of years ago. Does anyone know of any companies that will give out either personal or consolidation loans of the amount that I need and will work with people of bad credit?

  114. Candelaria March 20, 2014 at 6:34 am Reply

    i have about $6,000.00 in seperate credit cards and was wondering if it would just be cheaper to get a consolidation loan and get rid of the cards so that i dont use them again! and also can i really get a consolidation loan if i have a lot of money due in back medical bills and got behind on some of my bills so my credit isnt all that great? thank you so much for your help

  115. Megan March 20, 2014 at 6:35 am Reply

    My husband and I have a sizable amount of student loans (almost $100,000 combined) that are in private loans through Sallie Mae. My interest rates are outrageous, some are 7% to as high as 15%. Are there any good options for private student loan consolidation? If not, what other options are there to refinance these loans (would a home equity line of credit be better)? We are both looking to lower the payments and get a fixed interest rate while the prime is low. Thank you in advance for your advice and assistance.

  116. Franklin March 20, 2014 at 6:35 am Reply

    My husband and I are looking for a 2000-2500 consolidation loan to pay off some high interest loans.

    Our credit is not the best….ok it’s crap! And we are killing ourselves every month trying to pay these check into cash places at 701.25% interest!

    Please help if you know anyone in the Milwaukee area that could help.

    Thanks in advance

  117. Shelton March 20, 2014 at 6:36 am Reply

    I have a Stafford loan and a Perkins loan, I was wondering the best way to consolidate these into one payment. Any ideas?

  118. Rosa March 21, 2014 at 1:30 am Reply

    me and my soon to be husband are trying to buy a house but both of our credit it bad and have been thinking about trying to get a debt consolidation loan but for sure how they work
    i just looked at my credit score and it’s was alot less than a figured it to be…there is alot of things on there that have been charged off for non payment will a debt consolidation loan help me clear those things off too

  119. Erika April 4, 2014 at 11:13 am Reply

    Right now, the interest rates on my School loans have gone to 8.60%… I know I can get better than that, I have a 746 credti score.

    Has anyone had any good luck with companies for consolidating???
    Can you please post rates and fees with the websites you are familiar with?


  120. Wilmer April 14, 2014 at 4:56 am Reply

    Does consolidation of student loans affect the credit score negatively?

  121. Johnnie April 23, 2014 at 4:03 am Reply

    I have about $100,000 in private student loans at a variable interest rate. I was unable to consolidate them at a fixed rate due to the credit crisis.(Sallie Mae stopped making these “private” student loan consolidations).

    Does anyone know of a lender that is back in this market and making these kinds of loans?

  122. Alix April 27, 2014 at 6:15 am Reply

    Are they better value than keeping the individual bills ? If you can share your experiences to give me more of an idea that would be great

  123. Angelo May 30, 2014 at 2:01 pm Reply

    I will have to consolidate student loans sometime in the summer.

    There is some speculation that the fed cuts will lower student loan interest rates by July.

    My stafford loans are at 6.8%. Will I be able to benefit from the lower interest rates or will they still only take the average rate of all my loans.

  124. Rebekah June 14, 2014 at 2:23 pm Reply

    Recently the reality stick has hit me hard: with the current set up i have, i’d owe about 400$ a month in student loans (both federal and private). That sucks pretty much. But this is also because i’m not exactly full time in my career-type job. I’m lucky in that i get to go back to school and happy deferment land, but it gets me thinking that a consolidation would be kinda awesome. They warn that it’ll fix the rate at the average, and if i’m not paying so much against principle i’ll be paying back longer, but if have the one interest rate, and pay back as if they were split (say i’d only owe 65$/mo consolidated, but around 200$/mo for just the federal) Wouldn’t i be applying more to principle, but without the same monthly requirement? Am i wrong? ANY feedback is very appreciated!

  125. Dortha June 18, 2014 at 2:15 pm Reply

    So I have 3 small student loans with AES success. Since I heard student loan rates dropping, I was planing on consolidating and making it fixed. However, they do not offer that service! Is it possible to go through a different lender to consolidate the loan? any suggestions?

  126. Quiana June 18, 2014 at 3:01 pm Reply

    Can anyone add as much input as possible on bill consolidation loans?
    Do they affect your credit?
    When is a good time (if ever) to do it?
    Horror stories?
    Success Stories?

    I am going through a divorce, and I am taking all bills. I would split them in the divorce, but she’s unemployed and would not pay them, thus negatively affecting the credit anyway, so it’s better that I just take them all. But that swamps me.
    And for the “genteleman” who added so greatly about the personal aspect of the divorce, a little history for you:

    We were both working professionals. She worked in television station operations for over 10 years, and that is her profession. With the new switch from NTSC to digital, she was laid off, along with 1/4 of the entire operations workforce in television nationwide.She has no other sustaining professional training. She will, once she moves back to California, work fast food,grocery, whatever it takes to take care of herself.
    So, genius, I did nothing to affect her not working. Think before you speak.

  127. Reita June 18, 2014 at 6:01 pm Reply

    I consolidated my school loans during my 4th year of college. I still had one year of school left after that. So now I have two loan payments that equal $200 a month. I just started paying them three months ago…is there any way I can get the payments lower than that?

  128. Delma June 19, 2014 at 1:27 am Reply

    I have a few loans through SallieMae (evil jerks.) I don’t make much money so I cannot afford to make the ridiculously high payments they expect from me. I have tried working with them, but they will do nothing to bring my payments down. Several people have recommended consolidating but I really have no idea who I should do it through, how it will help, etc. And, if I consolidate, will Sallie Mae stop calling my cell phone 10 times a day?

    Side question: I originally got my loans through my University and they sold my loans to Sallie Mae, who increased my interest rate. Is that legal?

  129. Odis June 19, 2014 at 3:02 am Reply

    I have a debt consolidation loan through Wells Fargo because I just had so many bills getting out of hand. Was the best thing to ever happen to me – I’ve been paying each month – my credit rating went from the low 600s to the mid 700s – things were going really great…

    then I had an emergency that cost me over $5000. I ended up having to put the payments on 2 different credit cards. Now I’m sinking a little again trying to get that debt paid. I usually borrow from one card to pay the other, then return the money I borrowed from that card to pay the card I borrowed from, and just keep going back and forth like that until I can get a little savings going so I can start to pay it.

    Can I adjust my consolidation debt to add that debt… or can you apply for a 2nd loan if you already have one?

  130. Hollie June 19, 2014 at 3:22 am Reply

    My debt is as follows:
    Student Loans: approximately 25k
    Credit Card : 5,500
    Car Loan: 8k

    I am about to enter my 3rd year in my first “real job” after college- and i think its time to get ahold of my finances. I am no longer taking loans (obviously) or using my credit card.. and my each religiously monthly.

    But.. ive heard about debt consolidation loans and im confused:

    1. do they lower your monthly payment?
    2. Do they negatively affect your credit?

    If someone could explain what they are, if theyd be good for me, pros and cons etc id really appreciate it!


  131. Carmine June 19, 2014 at 6:33 am Reply

    Is a consolidation loan in the range of $100,000 — $200,000 secured by a person’s home?

    Also why are the rates of home equity loans more than home equity lines of credit even though they pretty much the same thing?

    Thank You

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