complicatedtallblonde asked:


I have 2 student loans with Sallie Mae that total $25,000 and an ACS loan that is about $20,000. Total I have about $45,000 dollars in PRIVATE student loans. I have about 10 thousand in federal but the Navy is going to pay them.

Currently I am paying $300 a month to Sallie Mae, and beginning next month $200 to ACS. I would like to consolidate these loans to get a smaller monthly payment. I already called Sallie Mae and they no longer consolidate student loans.

Who do you suggest I go through to get a consolidation? I’m almost 23 and have enlisted in the Navy so I will have good job security. I do not know my credit score but I have gotten a credit report and everything was in good standing, nothing ever late or defaulted. I MUST get a consolidation without a co-signer.

Any info would be appreciated. Thanks

Business Debt Consolidation

wigurlie asked:


Here’s the thing. I wouldn’t even think about this except: the economy ***** and we’re working short hours at work.
I owe approximately $65,000.00 in federal student loans (some subsidized and some unsubsidized) including Perkins, Parent PLUS, Federal PLUS, and Stafford.
My payments total over $900/month and I’d honestly like to reduce that down for some more cushion to get through the tough times. I’m nervous that if I lose more hours at work that I’ll have a hard time paying my loans each month. I realize I need a consolidation with no overpayment and no prepay off penalties (I’d prefer to pay off this loan ASAP so I don’t drag it to 30 years).
Suggestions? Also, should I go through the Dept of Ed for consolidation or look at some private institutes?

Private School Loan Consolidation

Mr. Nice Guy asked:


I have about 32,000.00 (USD) is student loans. That is the total but it comes from the sum of about 8 different small loans. I’ve heard a lot about consolidation but does anyone know if that is the best option or the only option? I definitely can’t afford to pay them all simultaneously because I’m only making 32,000.00 right now. Can i finance a low monthly payment over a long time and then pay as much off the principal as I can afford each month? I’m worried if I do that the loan company will see that I have extra money and raise the monthly payment.

Consolidation Credit Debt

Heather J asked:


I can no longer pay the full balance of my monthly private student loan payments. My lender has denied a deferment, forbearance, and a consolidation. I was told by a friend of mine who works for a mortgage company that as long as I continue to make an effort to pay them- even if it is below the monthly minimum this will not effect my credit score. Is this true?

Please only respond if you know the actually answer with a source please.

Consolidate Credit Card

Joe M asked:


Why is it that you can rack up a bunch of debit on a credit card and file for bankruptcy or get consolidation, but when it comes to student loans there is no help? I’m just furious that they bail all these companies out when the economies hurting but the poor kids coming out of college that can’t find a job aren’t getting help with student loans. BULLS$%# Oh yeah u can defer them and let the interest eat you alive. That’s a big help. No ******* answers please. Have a wonderful Wednesday

Student Credit Card Debt