You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee. There’s no need to pay anyone for assistance in getting a Direct Consolidation Loan. The fixed rate is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of one percent.
The loans that were consolidated are paid off and no longer exist.
Replace your credit card debt with a consolidation loan through Prosper, where your interest rate won’t change and your loan principal gets paid down as you make fixed monthly payments.
At Prosper, we understand the importance of maintaining the best credit score possible.
There are 2 types of online consolidation - debt consolidation program and a consolidation loan. It helps you to combine all your bills and replace them with one affordable monthly payment.
Under this program, online consolidation services negotiate low rates with creditors or CA and let you pay a single monthly bill which is them divided and distributed amongst all your creditors. Unlike the program, you take out a personal loan to pay off your bills in a lump sum payment. You don't have to wait for an appointment or go for follow-up appointments.
allows you to consolidate (combine) multiple federal education loans into one loan. Top Private education loans are not eligible for consolidation, but for some Direct Consolidation Loan repayment plans, the total amount of your education loan debt—including any private education loans—determines how long you have to repay your Direct Consolidation Loan.
The result is a single monthly payment instead of multiple payments. Direct PLUS Loans received by parents to help pay for a dependent student’s education cannot be consolidated together with federal student loans that the student received.
We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
This debt consolidation calculator is designed to help determine if debt consolidation is right for you.
Fill in the loan amounts, credit card balances and other outstanding debt.
Whom do I contact if I have questions about consolidation?
There is no cap on the interest rate of a Direct Consolidation Loan.