heather_heather asked:


I have a car payment at 4.9%, (private) student loan at 10%, and a mortgage at 9.35% (but this mortgage was only for 10% of the purchase price of my house). I don’t have any credit card debt, and I have saved for a 6 month contingency fund. I’d like to focus on one of these debts to pay down first. I’d like to know which debt is considered the “worst.” For example, I know credit card debt is something you should pay off first. So, really, regardless of the interest rates I’m paying, I’d like to know which debt is considered the “worst” as far as my credit rating. (Also, each payment is about the same per month.)

Pay Off Credit Card Debt

mu asked:


I am hearing that only through June, that past consolidators stuck in the higher interest rates can get lower interest rates. And that this window of opportunity closes in June.

Student Loan Debt Consolidation

polished asked:


Right now, the interest rates on my School loans have gone to 8.60%… I know I can get better than that, I have a 746 credti score.

Has anyone had any good luck with companies for consolidating???
Can you please post rates and fees with the websites you are familiar with?

Thanks.
Posh

Bad Consolidate Credit Debt

tine105 asked:


I just recently pulled my credit report and have some charge off’s that I would really like to pay off in order to increase my credit score. I am very concerned with companies that try to scam you and you end up paying more in the end. I got myself into some trouble in college with opening up accounts and of course, not being able to pay them off. Now that I am in the working world I am looking for a good, reputable company to go with so that I can take care of some of the debt that I have as well as increase my credit score so that I am able to get better interest rates. Any suggestions would be greatly appreciated. I have spoken with creditsolutions.com and I am a little apprehensive because I am not sure if they are reputable and don’t want to sign on the dotted line yet without knowing the good ones from the bad.

Consolidating Student Loans

steph_the_chef asked:


I have a bunch of student loans and i get a lot of junk mail about consolidating. Who is the best to use for consolidating? What type of payments and interest rates can i expect. I have about 8 different student loans out there, from 4 years of school. Some are private, some are federal.

Average Credit Card Debt

Diana asked:


I am about to go to graduate school in the fall so I will be deferring my student loans. Right now I have a Stafford and Perkins loan. Should I consolidate these before deferring?
Also, when deferring are my interest rates locked or do they increase?
Anyone have a real answer or experience?

Consolidating Credit Card