Consolidating loans without equity

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C."That new loan will have its own interest rate; it will have its own repayment terms; it will have its own terms and conditions," she says.

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So, if you’re buried in student loan debt, and feel like you don’t have any options, you would turn to anyone to help you.When it comes to consolidation, the types of loans you have matters, but most federal loans, including Stafford, Perkins, Direct Plus and Supplemental loans, can be consolidated with other federal student loans."The interest rate on (federal) consolidation loans is an average of the interest rates on the (federal) loans you're consolidating," says Ken O'Connor, director of student advocacy for Fynanz, a New York City firm providing technology for the private student loan market.Even if your rates seem high, t he Department of Education puts a cap on consolidation loan rates at 8.25 percent.As I’ve said in other articles, Ameritech Financial has proven to be a trustworthy company that I have personally inspected and found to be legitimate in their service offerings – but these examples below show the opposite end of the spectrum.I want you to check out these stories, and really pay attention to what's going on here.

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