General Question
Does anyone know a good company to consolidate student loans?
I graduated in June, I have 5 separate loans of ranging from about 4k to 60k. Having to remember to pay 5 bills, and paying nearly $700 a month in student loans is becoming increasingly troublesome. I want to consolidate them but as to yet my efforts have failed. One loan is a government stafford loan, and to my understanding cannot be consolidated with the four private loans, but that’s fine. I’ve tried consolidating with two or three of the private loans (at least one of the banks didn’t offer consolidation), but was denied by each. As best I can tell they’re probably of the philosophy that if I declare bankruptcy right now, they would each only suffer a small amount, whereas if only one owned my debt, only one would suffer a lot.
Bankruptcy isn’t an issue, I can afford to make the payments. But it’s frustrating because I have no spare spending money, and I can’t put extra into the worst loans in order to pay them down quickly. And when you combine it with two credit card bills, the water bill, the gas bill, the phone bill, rent, car insurance, and renters insurance (and my mom wants me to get life insurance…)... I’m paying 13 bills a month, and frankly it’s getting irritating trying to remember them all.
Does anyone know or have a good experience with a bank or company that can consolidate these loans? I hear of all this help consolidating credit card debt of hundreds of thousands of dollars, and I can’t find a damn student loan consolidator >:O
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