bigjayzizzle asked:


i graduated in december 08, i have had my loans in deferment / forbearance until now. i have multiple loans for a total of $30,000. I am currently working 2 jobs but am not making enough to pay 200+ a month and i have about 8 student loans. i am considering trying to consolidate all my loans so i can just pay one monthly payment instead of trying to keep up and keep track with multiple lenders but i do not know too much about consolidation or what company to go to for the consolidation loan. i do know that i will end up paying more in the long run, but rite now im barley paying my bills and rent as is and i don’t mind consolidating. i would really appreciate any advice or info anyone can give me on the topic. here is my current student loan picture some are at a fixed rate others are variable… none are in default…

stafford unsubsidized: $5,619
stafford subsidized: $18,279
Federal Perkins: $1,500
direct consolidated subsidized: 5,500
total = $30,898

Unsecured Credit Card Debt Consolidation

la428282 asked:


My debt is as follows:
Student Loans: approximately 25k
Credit Card : 5,500
Car Loan: 8k

I am about to enter my 3rd year in my first “real job” after college- and i think its time to get ahold of my finances. I am no longer taking loans (obviously) or using my credit card.. and my each religiously monthly.

But.. ive heard about debt consolidation loans and im confused:

1. do they lower your monthly payment?
2. Do they negatively affect your credit?

If someone could explain what they are, if theyd be good for me, pros and cons etc id really appreciate it!

thanks!

Credit Card Consolidation Debt

metssantana08 asked:


I understand loan consolidation is an option, but I have been paying each off individually. If I continue to do it this way, is there a good strategy in order to pay it off the fastest??

Non Profit Debt Consolidation