According to some Obama plan changes US dept of education is encouraging students to consolidate 2 loans into one with lure of 0.25% reduction in interest rate but I am wondering is there a catch to it ?
Any input is appreciated.
There is a great variety of services which offer consolidating one’s debts. Of course it is recommended to be highly attentive when turning to one of them, because along with some trying to help people in debts, there are lots of ready to rip off those who for instance took out instant payday loans and for some reason failed to pay it off on time.
So if I were you I would have started with checking state’s law, check the license of the company you are about to deal with and of course look for feedbacks and possible referrals. Remember, it is better to overpay but make sure to deal with a reputable company.
Last edit by TheCommuter on May 30, '13
: Reason: Terms of Service