Comments on: what student loan debt consolidation company has the lowest interest? http://my-student-loan-consolidation.com/personal-finance/what-student-loan-debt-consolidation-company-has-the-lowest-interest/ Student Loan Consolidation Tips Mon, 23 Aug 2010 09:08:57 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Andy http://my-student-loan-consolidation.com/personal-finance/what-student-loan-debt-consolidation-company-has-the-lowest-interest/comment-page-1/#comment-118 Andy Wed, 09 Dec 2009 23:18:47 +0000 http://my-student-loan-consolidation.com/personal-finance/what-student-loan-debt-consolidation-company-has-the-lowest-interest/#comment-118 Remember though...a lower payment means more time in debt (unless you reduce the interest rate SUBSTANTIALLY). Also, in debt consolidation, you usually have to throw in the low interest loans along with the others, this cancels out any benefits of lowering the high interest rate loans. My suggestion is to line them up, and one by one tackle them with intensity and ferocity. 110,000 is going to take a little while, so keep your head down, focus and don't get discouraged...Good luck! Remember though…a lower payment means more time in debt (unless you reduce the interest rate SUBSTANTIALLY). Also, in debt consolidation, you usually have to throw in the low interest loans along with the others, this cancels out any benefits of lowering the high interest rate loans. My suggestion is to line them up, and one by one tackle them with intensity and ferocity. 110,000 is going to take a little while, so keep your head down, focus and don’t get discouraged…Good luck!

]]> By: LEAH http://my-student-loan-consolidation.com/personal-finance/what-student-loan-debt-consolidation-company-has-the-lowest-interest/comment-page-1/#comment-117 LEAH Wed, 09 Dec 2009 07:42:56 +0000 http://my-student-loan-consolidation.com/personal-finance/what-student-loan-debt-consolidation-company-has-the-lowest-interest/#comment-117 Im not 100% sure about USA, but in UK consolidation companies do not charge interest. They charge a percentage of your monthly payment. You need to check the % rather than the payment as different companies will quote different monthly payments, which may appear cheaper but aren't. A Monthly payment £100 - 15% - payment to company £15. B Monthly payment £200 - 10% - payment to company £20. Double check the percent - not the payment. Im not 100% sure about USA, but in UK consolidation companies do not charge interest. They charge a percentage of your monthly payment. You need to check the % rather than the payment as different companies will quote different monthly payments, which may appear cheaper but aren’t.

A Monthly payment £100 – 15% – payment to company £15.
B Monthly payment £200 – 10% – payment to company £20.

Double check the percent – not the payment.

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