Government loans consolidating debt bespokedating com

The first step in qualifying for a government debt consolidation loan is usually learning the criteria of the program in which you are interested.In many jurisdictions, the only type of debt consolidation program available is for people who have student loans. For example, government debt consolidation for student loans is often available without regard to credit history or current income.

If I have too much credit card debt, is the government credit card debt settlement program the way to go to reduce debt, or is it better to deal directly with the credit card companies to try and reduce the interest rate?

Currently, no government credit card debt settlement programs exist.

Under the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loan.

Loans that are not eligible for consolidation include state or private loans that are not federally guaranteed.

In fact, when participating in a government debt consolidation program for student loans, you may not even need a job to qualify.

Typically, you’ll need outstanding government loans to qualify for a consolidation loan.

This means that, if you received a loan from a private institution and it was not backed by a government guarantee, it is unlikely that you will qualify.

If you have two or more government-granted or -backed loans that are eligible for a loan consolidation program, however, you may qualify to consolidate your debts.

Hopefully this means you won’t see any more fee-charging companies advertising debt consolidation in this way.

If you have problems with your debt, you should get free, impartial debt advice from a a well-established debt charity like us.

Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea.