Should I consolidate my loans when they all are short term loans?

3 Answers

  • 1 month 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.

  • Anonymous
    1 month ago

    I think I would concentrate on paying them off asap.

    Frigging about with them is only likely to incur more charges.

  • Satan
    Lv 7
    1 month ago

    As long as the consolidation loan is lower than the interest you're currently paying.

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