ST Alpha - "if you have multiple loans, especially with variable annual interest rates, you can consolidate them with a single lender and lock in your rate for " (Reading a Post)

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In response to "probably, but is it easy to tell me more? -- nm" by kare

if you have multiple loans, especially with variable annual interest rates, you can consolidate them with a single lender and lock in your rate for

Posted by poochinksi (aka chris) Feb 18 '10, 16:34

the rest of your repayment schedule. with interests rates where they are, depending on what kind of loans she is repaying, she could save a good bit in interest potentially

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does this work with private loans as well? seems like they run the show. is it govt mandated? - kare Feb 18, 16:38 5
- i can't remember how they handle the federal v. private loans. it's not gov't mandated but lenders are usually falling over themselves to be your - poochinksi Feb 18, 16:40 4
  - the bankruptcy will probably get in her way... - kare Feb 18, 16:45 2
    - shouldn't, that i'm aware of -- nm - poochinksi Feb 18, 16:48
    - yes that will hurt, she may end up with a higher rate but still worth a try with her bank -- nm - Beaker Feb 18, 16:47
  - yup, tell them to get their credit cards in on this as well. -- nm - Beaker Feb 18, 16:42

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if you have multiple loans, especially with variable annual interest rates, you can consolidate them with a single lender and lock in your rate for

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