Consolidating school loans with bad credit

Just beware that they might only show you deals that pay them a referral fee, so you could miss out on lenders ready to give you better terms.

But there is a reason: you end up taking all of the interest rate risk. So, we know that interest rates will go up, we just don’t know when. Just remember, when rates go up, so do your payments.We have also created: If you are in financial difficulty and can’t afford your monthly payments, a refinance is not the solution.Instead, you should look at options to avoid a default on student loan debt.Think hard about the chances you won’t be able to make payments for a few months.Once you refinance, you may lose flexible Federal payment options that can help you if you genuinely can’t afford the payments you have today.

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