Should I consolidate my loans when they all are short term loans?
- Kid MohawkLv 69 months ago
The answer depends on several factors, including but not limited to...
-Are you at all struggling to pay the loans right now?
-Will the new loan have a lower interest rate?
-Will the new monthly payment be low enough as to make it worth while?
-Just how soon could you pay off the loans you have?
Consolidating loans can be helpful, but consider all choices before progressing.
- Anonymous9 months ago
I think I would concentrate on paying them off asap.
Frigging about with them is only likely to incur more charges.
- SatanLv 79 months ago
As long as the consolidation loan is lower than the interest you're currently paying.