Salliemae keeps sending me stuff to consolidate my 4 loans with them, should I?

Answers:2   |   LastUpdateAt:2012-10-09 19:31:02  

Question
suzie
Asked at 2012-09-18 09:03:04
I have 4 loans through them - two sub - des and 2 . each is $ 3.5ky has an interest rate of 7.14 % . I have been patient in the last 12 months I have been saving to move. during that time my monthly payment went from $ 145/mo to $ 175/mo . Anyway , have been bugging the hell out of me to consolidate my loans - one of them said something about after June ( or was July ) first I will stop being able to get a fixed interest rate . I have very little knowledge of how this all works , really , so any advice would be helpful.
Answer1puppy101``Answered at 2012-10-09 03:51:57
First , be absolutely sure that the mail is actually from legitimate sources . There is so much corruption these days , so you have to protect your privacy , financial and otherwise. If true, then the consolidation would be a good thing . Get a fixed rate is better than having the rate go down and perhaps having to pay for each year in self-interest . Talk to a banker , who can help . They helped me to establish a self - deduction plan for my SallieMae .
Answer2DayleAnswered at 2012-10-09 19:29:21
We consolidate my loans grandchildren . It is a good idea if you can get them to fix the interest rate and payment. There can never raise them both . Arrival to it. Call them and ask if they will do this and if you can still be in tolerance. If not , do not.
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