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I have a student loan at an interest rate of 9.5%. Can anyone tell me if I can take out another loan and consilidate the two at a much lower rate?
TerribleT
Is this a private loan?
Your ability to take out a second private loan is contingent on your credit. Your ability to consolidate private loans is also contingent on your credit, and there are not many companies who still provide that product in this market. All of the companies that I shopped around at are no longer offering private loan consolidations.