Top 100 consolidating lenders
One Main Financial has been around for more than 100 years.
You’ll need to visit a branch to apply for a loan of up to ,000, but that shouldn’t be a problem, as 5 out of 6 Americans live within 25 miles of a branch.
Student loan consolidation can be a big help to recent graduates struggling to pay multiple student loans after leaving school.
It can be a good way to simplify the payments — a new student loan for every year or semester can mean a number of different hands in your pocketbook — as well as potentially trade a variable interest rate for a fixed one.
Not only would he be able to simplify his payments, but he’d lower them, as well. At the very least, Pete could lower his monthly payments by getting a new loan with a longer term length — up to 30 years in some cases.
While this will mean he’ll pay more interest over time, it may help him better manage his payments in the short term, helping to prevent missed payments or even default. Credit cards and other high-interest unsecured debt (debt not backed by collateral) are the main reasons many people consider debt consolidation.
Be sure to look for an interest rate lower than that of your current debts.
The thing to know about student loan consolidation is that not all student loans can be consolidated.
While most federal student loans can be consolidated, private education loans are Choosing the best company for your debt consolidation loan will be mostly a matter of research.
Bad is a free online resource that offers valuable content and comparison services to users.
To keep this resource 100% free, we receive compensation from many of the offers listed on the site.