Are there any companies still doing PRIVATE student loan consolidation? If so, any recommendations?
Wednesday, September 1st, 2010 at
4:03 pm
StudentLoanMonkeyOnMyBack asked:
I have called at least a dozen places whose ads claim that they do private student loan consolidation. But when I called, every single one of them said they had either temporarily suspended or canceled their private student loan consolidation program due to the subprime mortgage crisis. Nearly all of them offered to consolidate my federal loans but I’ve already done that. A few of them actually named other places they thought were still doing it but when I called them, those places had also suspended their programs. So, if anyone out there has had recent success with consolidating their private student loans, please let me know. Thanks.
I have called at least a dozen places whose ads claim that they do private student loan consolidation. But when I called, every single one of them said they had either temporarily suspended or canceled their private student loan consolidation program due to the subprime mortgage crisis. Nearly all of them offered to consolidate my federal loans but I’ve already done that. A few of them actually named other places they thought were still doing it but when I called them, those places had also suspended their programs. So, if anyone out there has had recent success with consolidating their private student loans, please let me know. Thanks.
Tagged with: Federal Loans • Private Loans • Student Loan Consolidation
Filed under: Student Loans
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Keep in mind, EVERY company is in the business to make money, so be very skeptical. That said, you no doubt know what you owe, to whom, and what your payments are, correct? If the interest rates vary among said loans, pay the highest interest loan first, then the second highest rate next, etc. Unfortunately, there is no “easy fix” to any financial scenario, regardless of what “great offers” say. You can do everything some credit repair/consolidator can do and it won’t cost you any more money. Good luck.
Find it here:http://student-loan-consolidationrebate.blogspot.com/