Poor Credit Student Loans » college loan consolidation http://www.mypoorcreditstudentloans.com Do you really need a loan? Tue, 17 Nov 2009 20:32:17 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Should I Consolidate My Student Loans? http://www.mypoorcreditstudentloans.com/should-i-consolidate-my-student-loans http://www.mypoorcreditstudentloans.com/should-i-consolidate-my-student-loans#comments Sat, 24 Oct 2009 20:51:24 +0000 poor student http://www.mypoorcreditstudentloans.com/?p=238 A few years after I earned my college degree, I decided it was time for me to consolidate my student loans.  If this is an option you are considering for your own student loans, then feel free to share in my experience, as it may help you make the right decision about what to do with your own student loans.
Actually, most people who have more than one student loan find it easiest to consolidate their student loans.  This means a different lending company assumes all of your loans, and you repay that lending company.
Why did I decide to consolidate my student loans?  For me, personally, there were two reasons.  First, not being the most organized of sorts, I felt better about having one monthly bill to keep track of instead of many.  This was in the days before the convenience of online bill paying, so writing fewer checks and scrounging around for fewer stamps was very appealing to me.
Second, and the main reason I decided to consolidate my student loans, I just couldn’t afford the payments.  Paying only the minimum on each one, each month, was taking up a huge percentage of my meager, just-out-of-college salary.  I really needed to do something to give me lower monthly payments.
When I chose to consolidate my student loans, I was mainly interested in the bottom line.  Understandably, I wanted the lowest payment I could find.  And while this is important, it’s also important to really check out any lender you are considering.  A few things to think about before you consolidate your student loans are the repayment options, online availability of account information and applications, reputation, customer service, and experience.  Right now these things may not seem to matter too much, making it easy to just go with the lender who offers the lowest monthly payment, but trust me, these are all things I wish I had looked a little more closely at when I chose to consolidate my student loans.

]]> http://www.mypoorcreditstudentloans.com/should-i-consolidate-my-student-loans/feed 0 American Student Loan Consolidation http://www.mypoorcreditstudentloans.com/american-student-loan-consolidation http://www.mypoorcreditstudentloans.com/american-student-loan-consolidation#comments Wed, 21 Oct 2009 12:42:13 +0000 poor student http://www.mypoorcreditstudentloans.com/?p=218 With any bill you have, I bet you wish you could cut your payments down.  Everybody wishes they did not have to pay as much as they do, no matter how much money a person has.  One bill we must endure if we go to college or university is the monthly loan payment for whatever we took out to further our education.  It is the price we pay in order to better ourselves in the world through education.  Through American Student Loan Consolidation you can cut way down on your payments, with American Student Loan Consolidation you will have all the answers!

They work through Federal Loans, mainly speaking the Federal Stafford Loans.  The two great advantages that come through this is the low interest rate and the fact you will not have to pay anything until you graduate school.  Isn’t it a huge relief to be in school and not have to pay anything towards your loans?  Also that very low interest rate is at 6.8%!  Through American Student Loan Consolidation you will have found probably the most affordable way of paying for schooling.  When you finish you will want to further make it easier on yourself.  The answer is consolidation.  Now when you consolidate a loan, all of your loans go into one single loan.  So you have less paperwork and you have only one person to deal with.  Would you rather deal with several loan companies or with just one?  It seems like an obvious answer to choose just one, less people means less hassle.

Also, when you consolidate loans through American Student Loan Consolidation, you will be cutting down your monthly payments by almost half.  By working with a consultant, you will be able to cut your payments; you will be able to cut down your monthly payment by almost half!  Who wouldn’t want to choose that option?  Your payment period will go on longer of course, but it will be less of a stressful pain for yourself.  You will not be dreading opening the mail to see a huge bill, but instead one small monthly payment through American Student Loan Consolidation!  So choose them, choose the easy way.

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