Question by markymark: what is the best debt consolidation company for private and student loans?
Got private bank loans and a couple student loans. I don’t want someone to scam me for consolidation. What company should I use and what’s a good rate?
Best answer:
Answer by Ethan’s Mom
Sallie Mae – go to salliemae.com
Generally, you can consolidate your student loans one time and you will lock into the interest rate for the year in which you consolidate. The interest rate resets every July and the rate is closely tied to the federal funds rate which has dropped and will probably drop some more so ask the representative whether he/she thinks you should wait until July or do it now. Most of those reps will know what you’re talking about.
**********I just reviewed the previous entry and that looks very suspicious – stay away – they probably want to get your social security number.
Add your own answer in the comments!
Recent Comments