Government Debt Consolidation Loans – Update

doodlebugmomx1 asked:


I have bad credit and alot of student loans. I have thought of bankruptcy but that dosn’t cover my student loans does anyone know of any banks or credit unions that would give a loan big enough to pay off all of my debt so that I could make just one payment a month. I have tried a credit consolidation place a long time ago and they stole the 700 dollors that I sent to them so I will not do that again and like I said before I won’t file for bankruptcy. I don’t eat out I don’t smoke and I don’t drink starbucks. So please don’t tell me to live cheap.

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M.K. asked:


The time has come, these Alumni Loan people are saying my $50,000 debt will be a $538 per month with out consolidation, and $250 with. What should I be looking for to get the best deal

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MG1182 asked:


I feel like my monthly payments are way too high for the amount I borrowed. Consolidation options only made the payment term longer. Is there anything else I can do?

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JUMBO shrimp asked:


Is there anyone that will consolidate sallie mae student loans? Also who is the best provider of consolidation for private student loans?

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Neil S asked:


info regarding -

private loans
private loan consolidations

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luvlandon2006 asked:


My husband and I are struggling to pay our mortgage, two car loans, consolidation loans, two credit cards, student loans as well as medical bills for new baby. Should I see someone in a CCCS organization, or just try to stick it out for as long as I can? Our debt to income ratio is now 74%, by the way.

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joliejulia06 asked:


Hello all,

So, I need some serious help and I am pooling ALL of my resources to see if anyone has any help for me.

I am currently trying (and have been, for the past month or so) to consolidate my student loans. I have about $35,000 in private loans outstanding, and my grace period will be up come mid-March. I have applied for 7 different consolidation loans, through 7 different companies- all have been denied because they say I need a cosigner, as my credit is not strong enough to get this loan on my own.

Assuming a co-signer is NOT an option (which, as of now, it is NOT an option), does anyone know of anywhere I can turn? Any companies that do not base their decision SOLELY on credit? Companies that examine your situation, your income?

I am about ready to move out of the US and totally bounce on these loans guys (kidding… half kidding, anyway). If I don’t consolidate, I can’t repay, and if I don’t repay, I ruin my credit even further! If anyone has ANY resources- names,

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AIC fan asked:


I have 12k in credit card debt and 30k student loan. I hear that these places just make all your accounts go into default so they can settle for less. Seems like that would mess up your credit right?

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Ting Err asked:


I’ve sent in my consolidation loan application on May 30th. I’ve checked several times online before June 30th, it saids it’s processing. One June 30th, I called, the automated system told me that money is expected to go to my account on July 14th. I’ve checked today and, it made me fill out the same info that I’ve filled out in May. Then all of a sudden my application date is July 8th, my interest rate is 7.25%. Am I the only being cheated by Sallie Mae? or did they delay the application process for other poor students like me? Just wanted to know, and liked to spread the word out– that they cheat on students.
I didn’t re-do my application when I sign in. I went to their ‘check status’ webpage and signed in, before july, it had said the same thing over and over, never changed, ‘ date applied, may 30th; disbursement date: tbd; processing’ then today I checked, instead of displaying the same info, it asked me the questions that I’ve answered months ago.

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justwonderin’ asked:


I’m in Ontario, and our bills are pretty high (newly married) and my $8,000 student loan is in collection along with a bunch of other stuff…if we could only consolidate it all we’d be able to make one payment on all of it and get it paid down. We have no co-signer and DO NOT want to claim bankruptcy…how can we do this, our credit is bad so I can’t see how we could apply for a loan without a house? Any ideas? I want to pay my creditors, just need the payments put together somehow to be managable…we will never be able to get our credit rating back at the rate we are going….

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