Credit Card Center Advertiser Disclosure

Reply
Established Member
Posts: 48
Registered: ‎08-11-2017
0 Kudos

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
Valued Contributor
Posts: 1,891
Registered: ‎06-05-2015
0 Kudos

Re: private student loan consolidation

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


Established Member
Posts: 48
Registered: ‎08-11-2017
0 Kudos

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
Valued Contributor
Posts: 1,891
Registered: ‎06-05-2015
0 Kudos

Re: private student loan consolidation

Cool, what was your interest rate before.


Established Member
Posts: 48
Registered: ‎08-11-2017
0 Kudos

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
Valued Contributor
Posts: 1,891
Registered: ‎06-05-2015
0 Kudos

Re: private student loan consolidation

Nice going!


Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.