J’adore asked:


I mainly have private loans, but I also have some federal ones. What’s the best way to consolidate them all?

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2 Responses to “What is the Best Way to Consolidate All My Loans?”

1. Kansieo.com on October 2nd, 2008 4:38 pm

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   It sounds like you have too many payments and need to get them all down to one easy manageable payment. I don’t know enough of your situation to give you sound advice. For an example how much do you owe? What are your interests rates? Is your credit good? Do you own a home? I would suggest to write everything down and go to a local bank, Ask to talk with a loan officer and get some advice. Unfortunately banks need collateral. Can you get your parents or a relative to cosign a personal loan? If you have good credit they may help.
   Don’t be tempted to use a credit card to consolidate. The interest will kill you. How about a part time job? Start knocking out the smaller loans first. Good luck.

2. Caffeinated Content on October 4th, 2008 2:05 pm

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   Unfortunately, you are not able to consolidate stafford loans and private loans together.

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