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private student loan consolidation

Established Member

private student loan consolidation

so im trying to get out of this mess im in in the best way possible.

 

i want to either consolidate these loans and pay a lower interest or 1 payment if possible..

 

or worst comes to worst, try to settle these out.

 

ive been making payments and they just keep growing in balance and im scared its going to get out of control.

 

i had a chapter 7 discharge and just wondering if any lenders out there are willing to refi with someone that filed.

 

i want to pay these back, i just dont want them to grow like they are anymore.

DISC 8/14/17: EQU: 494 TRS: 469 EXP: 492
GOAL: GET BACK TO 760
CURRENT: EQU: 598 TRS: 624 EXP: 605
Credit Karma: TRS: 678 EQU: 652
Rebuild Progress: PENFED Member, Chase Checking Account, Credit One Unsecured 300, Milestone Gold Unsecured 300, Sonoma Williams Comenity 250
Message 1 of 6
5 REPLIES
Valued Contributor

Re: private student loan consolidation

How many loans you have and their balances? How much are you paying a month on each/all?

Message 2 of 6
Established Member

Re: private student loan consolidation

i finally got approved via commonbond. just waiting on my cosigner to send in their tax returns to finish stuff up and then input my ach info.

 

got approved at 6% simple rate over 7 year payment plan.

 

when i did an estimated payoff worksheet with interest amortized with the fees and such with wells fargo it was going to take over 20 years and $72000!!!!

 

with commonbond itll be $29,400 and 7 years to pay off the $24,000.

 

wells fargo is just such a terrible bank overall.

DISC 8/14/17: EQU: 494 TRS: 469 EXP: 492
GOAL: GET BACK TO 760
CURRENT: EQU: 598 TRS: 624 EXP: 605
Credit Karma: TRS: 678 EQU: 652
Rebuild Progress: PENFED Member, Chase Checking Account, Credit One Unsecured 300, Milestone Gold Unsecured 300, Sonoma Williams Comenity 250
Message 3 of 6
Valued Contributor

Re: private student loan consolidation

Cool, what was your interest rate before.

Message 4 of 6
Established Member

Re: private student loan consolidation

7% on one, 10% on another and 9.4% on another from wells fargo.

DISC 8/14/17: EQU: 494 TRS: 469 EXP: 492
GOAL: GET BACK TO 760
CURRENT: EQU: 598 TRS: 624 EXP: 605
Credit Karma: TRS: 678 EQU: 652
Rebuild Progress: PENFED Member, Chase Checking Account, Credit One Unsecured 300, Milestone Gold Unsecured 300, Sonoma Williams Comenity 250
Message 5 of 6
Highlighted
Valued Contributor

Re: private student loan consolidation

Nice going!

Message 6 of 6