Consolidating private student loans advice Free cyber sex chatt no registation no sign up
Remember, this industry is chock-full of con artists and scammers, and you need to make sure that you’re working with a reputable company before you even begin to consider signing any paperwork!
As I already mentioned above, I’ve been interviewing private debt consolidators for TEN YEARS and I’ve finally found one who I completely trust, and refer all of my readers to – Mc Carthy Law PLC. Because they run a nationwide network of attorneys who are backed by a huge organization with the power to renegotiate debt with the private student loan collection agencies and servicing companies that usually don’t give in and offer discounts no matter how badly underwater their borrowers may be.
The government offers plans that cut payments to 10% or 15% of “discretionary” income and offer forgiveness on the remaining balance after 20 or 25 years. If you have a large loan balance and a low income, income-driven repayment is probably your best option for the lowest monthly bill.
In 2019, there are literally hundreds of companies offering to consolidate private student loans, but before you choose to consolidate your private student loan debt, make sure to take this important fact into account: many of those companies offering to help you with this process are a total scam!
Keep in mind though that some consolidation programs are better than others, and while some will save you some serious coin, others could end up costing you in the long run.
Use a consolidation calculator to compare monthly payments under three different scenarios: federal student loan consolidation, private student loan refinancing and income-driven repayment plans.
Federal loan consolidation doesn’t have a credit requirement, and it offers the benefit of a single loan bill and potentially lower payments.
Those include the option to tie payments to income and opportunities for loan forgiveness.
» MORE: Should you refinance federal student loans Like the federal government, private companies offer the option to consolidate multiple student loans into one.