I have a really bad credit score, as a lot of kids coming out of college have. I also have about $25,000 in private loans that I would like to consolidate. Any suggestions? I know consolidating federal loans isn%26#039;t a problem, I%26#039;m just worried that since my credit won%26#039;t be approved I won%26#039;t be able to consolidate my private loans. Anyone know if this is possible and maybe suggestions on companys? Thanks so much.
Consolidating private educational loans with a bad credit score?
Bad Credit Does Not Mean You Cannot Get A Loan.One of the most popular resources for researching bad credit loans is the internet. Almost all lenders have web sites that provide guidelines and information about their bad credit loan programs, and some even offer online%26lt;!--application processes. As noted above, though, don閳ユ獩 fill out large numbers of applications or you may damage your credit rating further. One way to avoid this is to use an independent loans brokerage, who will make applications on your behalf only where they know you are likely to be successful. You may find a bad credit loan here,
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Do some research before you submit any loan applications. Check out several lenders, ask about their interest rates and loan terms, and find out more about their loan process. Be careful, though, not to submit a flurry of applications in a short period of time. Activity such as this can actually--%26gt;make your credit rating worse, so make sure you learn as much as possible about each lender閳ユ獨 program before deciding whether or not to complete an application. You can also work with an independent loan broker to help determine which lenders have programs that fit your individual circumstances.
Consolidating private educational loans with a bad credit score?
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