What is the difference between consolidating and refinancing


02-Apr-2017 17:46

Debt solutions can be utilised to fit unsecured loans, credit card debt and personal overdrafts around household bills.

If your financial situation has improved since you first signed on the dotted line, you may be able to refinance student loans at a lower interest rate, which can allow you to: 1. If you don’t anticipate needing or qualifying for federal loan benefits, getting a lower rate can save you a significant sum.(Note: the last variable rate federal student loans were disbursed in 2006.Since then, all federal loans have been fixed rate.) 3. But beware—this is usually the result of lengthening your payment term, which means you’ll actually have to pay more interest over the life of the loan.It is possible to write off debt of most varieties, but not taxes, child support, student loans and money accrued as a result of fraud.



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