Debt Collection--Some Tips for Dealing with Old Debt
The business of debt collection has become very lucrative and
the collection of "old" is on the rise. It would be wise to know
your rights when it comes to getting collection calls for old
debt especially debt that is excess of seven years and no...
Debt Consolidation Versus Debt Negotiation
Debt consolidation versus debt negotiation are two options that are available to you if you need debt assistance. When your monthly bills become too much for you to handle, it makes sense to use debt consolidation or debt negotiation for solving...
Eliminate Your Credit Card Debt, But How?
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Guide to debt consolidation: simple steps to consolidate debt
A Debt consolidation loan is a loan used to repay several other
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Consolidation Loan is a low cost loan secured on your UK home.
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Unemployed debt consolidation - When you have reached your financial brink.
There have been a lot of arguments against debts as being a very insecure situation. They are denounced as having many repercussions which penetrate a person's social, moral, individual, family level. This is true to some extent. I can say this...
Loosening The Grip Of Student Loan Debt
Funding education can be complicated and difficult to manage. Learn how to control your education debt with these tips and guides.
At this time of year many are seeking ways to cut costs on student loans. You may have a number of programs your paying off simultaneously. Plus loans, Stafford financing, private loans, etc.
How do you go about consolidating and or refinancing to lower rates, reduce payments or make one easy payment as opposed to two, three or more?
Consolidation Options
The first question here is what type of loan do you have? Federal government direct loans allow for a Federal Direct Consolidation Loan program. This program enables you to lower your rate by .25% with the checking account debit requirement.
Sallie Mae Programs
Sallie Mae offers a consolidation program with the following options: One percentage point discount after 48 consecutive timely payments 0.25% discount for electronic payment.
Private Loan Options
Private loans that are not federally backed from Sallie or Nellie Mae and therefore cannot be consolidated with federal loans. But there are programs that allow you to roll all your loans into
one account. Although the Federal and private loans are actually separate, you make one monthly payment that covers them all.
Another program, the H@LO Student Consolidation Loan can help you lower your monthly payments by up to 60% and lock in interest rates as low as 2.5%. See http://www.studentcollegeloan.com for more information on the H@LO program.
Benefits of the H@LO Student Consolidation Loan:
· Lower your monthly payment · Lock-in a lower interest rate, fixed for the life of the loan · It's free to consolidate · No credit check required · Maintain all the current benefits of your federal loans · Pay just one bill each month
If you're looking to refinance to lower rates, consolidate or both this may prove to be the ideal option for improved debt management.
About the Author
Mark Askew is editor for the Mortgage Loan Search Network at http://www.mortgageloansearch.cc and the Rate Watch Alert Newsletter. Offering consumers alternatives to business and personal finance.