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You have high-interest private student loan debt. Your new loan (whether federal or private) carries a much lower APR than your current student loan debt. See related: How to consolidate student loans
And if you have federal loans, switching to a Direct Consolidation Loan can be necessary to access federal student loan repayment and forgiveness plans. That said, there are times when ...
The method can help you pay down debt faster, depending on the loan’s term. Cons of debt consolidation Loans require a good to excellent credit score (670 or higher).
If your Citibank student loans were part of the action, you might have been eligible for a share of $3.75 million that was refunded as a result of practices that prevented some consumers from ...
American consumer debt — including mortgages, car loans, credit cards and student loans — reached $16.90 trillion in the fourth quarter of 2022, according to the New York Federal Reserve. This ...
Benefits and drawbacks of debt consolidation loans. Securing a debt consolidation loan can be an excellent way to handle paying down your debts, but the move comes with risk. Consider the benefits ...
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