golfingjake asked:


I graduated 6 months ago with several federal student loans combining more than 40K. Is it better for me to consolidate now or stay put? Will the fed cutting lending rates (now 3%) affect the interest rates that loan consolidators offer? Will i be offered either variable or fixed rates if i consolidate?

Student Loan Debt Consolidation

Captainpoopypants asked:


I currently have about $4,000 worth of credit card debt..not a huge amount, but a burden on the brain nonetheless. I make about $1,100 a month (yes..I’m in college) and was wondering what a fast way to get my cards paid down would be.

Do debt consolidation loans hurt your credit? Right now they don’t sound like a good idea.

Anybody have any strategies they use to get their cards paid down?

Student Loan Debt Consolidation

Dylan B asked:


I have 6 defaulted school loans for about $6500 and a $1500 credit card loan that I would like to consolidate all together if possible. Can anybody recommend a good consolidation loan that could help me? I am trying to catch up and get my finances in order.

Consolidate Credit Card

A Phi Football Fan asked:


I have racked up about $10,000 in credit card debt stemming from college and medical expenses. What is my best option as I am still a student and working with a very limited budget? Are there hidden catches to debt consolidation companies; if so what?
What is the best way to negotiate with creditors to lower the debt?

Credit Debt Consolidation