I аm trying tο dесіdе whether tο consolidate mу private аnd federal loans, аnd having a hard time deciding. іt seems tοο gοοd tο bе trυе, bυt аlѕο unavoidable given mу current $ situation. Anу suggestions?
p.s. thіѕ іѕ іn regards tο student loans.
Tags: consolidation, good, Loan, true
It’s both depending on what you’re consolidating. If you are consolidating student loans – no biggy. If you are consolidating debt from multiple areas watch for fees and penalties. Sometimes when you consolidate they hold your assets hostage and are not forgiving for late payments. Basically, read the terms carefully. It can be a positive option but may affect your credit score.
It’s just borrowing more money at (hopefully) a lower % rate.
That’s it. What are they offering you? Watch it as there’s plenty of scammers out there.