Many so-called "consolidation" programs can prove not to consolidate debt at all.Thus, debt consolidation has rightfully begun to earn a bad reputation.Learn how you can shop smart for your next loan with in-depth information and insight on debt consolidation.
However, if your choice lies between consolidating existing loans while paying more interest over time and falling behind in your individual loan payments, you should take the consolidation loan.
As you see, deciding whether consolidation is the right course for you depends not only on your current situation but also on the terms of the new loan. Department of Education (USDOE) has established a well-documented system of rules for federal student loan consolidation, and each private lender has its own guidelines for acceptable consolidation plans.
Debt Consolidation Refinancing: Which Bills to Pay?
You've just gone through your bills, and know it's time to do something.
Just as importantly, we refuse to pressure our customers so, once you've taken a look at our recommendations, you'll have plenty of breathing room to reach an informed decision about your financial future.
No confusion, no hassle, no pressure and no stress.We do not use call centres, so whenever you speak to a member of our team, you know you are talking to a friendly expert right here at Willows Finance HQ.We also take the time to get to know you, understand your needs and explain how a secured loan would work in your circumstances.You’ll have an opportunity to add financial details from other sources to the data used by FACT.The government has a strong interest in making it possible for students to pay off their educational loans, and at the end of 2012 it instituted a new form of the income-based repayment plan called Pay As You Earn (PAYE).If you can’t stop spending on credit cards, for example because you’re using them to pay household bills, this is a sign of problem debt.