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

hannahh asked:


I am in graduate school outside of the US and put off deferring my student loans until right before the grace period expires. The paperwork is now on the way, but the due dates for my first payment will happen before the loans are processed. Should I make the first payment?

I have the resources to do this, but I understand that there can be consequences later for consolidation (or something else, don’t remember exactly) if the loans go into repayment. Anyone know about this?

Student Credit Card Debt

Jeremy W asked:


Ok heres my situation. My student loans are due. I the payment they are asking is way to high for my budget. I called and they cannot lower my payments without consolidation. Unfortunately I dont have a cosigner and my credit isnt good enough to consolidate! What can I do? I asked for lower payments and theres nothing they can do to help. The interest just keeps building.

Consolidate Debt

amy asked:


I am trying to consolidate my Federal Student Loans but the consolidation people want a bunch of info about the loans that for some reason I dont have. Is there somewhere that I can get a list of the student loans that I have?? Any help is appreciated!!

Credit Card Debt Debt Consolidation

sf2cp asked:


Hi, back in 06, I was mislead by Sallie Mae through the consolidation process (another story all together) and long story short, I have did not consolidated my stafford loans. It equals to about 22k. My question is, since I am extremely dissatified with Sallie Mae’s service and dishonesty so far – can I switch to another company now and maybe consolidate at a later time?

Credit Debt

cwtt asked:


I have 5+ yrs of credit card debt and also had a repo about 2 1/2 yrs ago. I am able to begin getting my bills paid. Will credit consolidaton help or should I contact my creditors and set up payment arrangements. I have a least 5 credit cards, hospital bills, and a student loan. What is my best option?

Consolidate Credit Card