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What are the cons of getting a loan consolidation?

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I owe about $2,000 on each of 2 school Loans and recently got a call suggesting a loan consolidation.

The only way to be sure is to take the terms of the new loan and all the fees and compare to the current loans. Which is a better deal for you? Odds are that if there isn’t a high interest rate your current loans, you are better off keeping them.

2 Responses to “What are the cons of getting a loan consolidation?”

  1. ccookxsh Says:

    a loan consolidation looks worse than a bankruptsy on your credit record
    References :

  2. tinman97prn Says:

    The only way to be sure is to take the terms of the new loan and all the fees and compare to the current loans. Which is a better deal for you? Odds are that if there isn’t a high interest rate your current loans, you are better off keeping them.
    References :

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