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What is a federal direct consolidation loan?

A direct consolidation loan allows you to consolidate (combine) one or more federal education loans into a new direct...

Will consolidating my debts help me save money on interest payments?

Combining several outstanding debts into a single loan reduces the amount of payments and interest rates you have to...

Are there any disadvantages to consolidating debt?

It won't solve financial problems on its own · 2. There may be initial costs · 3.

Why is it so hard to get approved for a debt consolidation loan?

If you can't get a debt consolidation loan, it's most likely because you don't make enough money to meet the loan...

Can i get a debt consolidation loan from the government?

If you're struggling to pay your student loans, government debt consolidation programs may be a useful option. Most...

Will consolidating my debts help me avoid foreclosure on my home?

If you're facing foreclosure, Consolidated Credit's HUD-certified housing counselors can provide personalized advice that ...

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Why is it so hard to consolidate debt?

If your debt consolidation loan was declined, it means that lenders were uncomfortable with your ability to repay what...

Can i consolidate my student loan debt with a personal loan?

You cannot consolidate private student loans or personal debts, such as credit cards, with a federal direct consolidation ...

Will consolidating my debts help me avoid wage garnishment or other legal action from creditors?

If you're eligible, a debt consolidation loan may be a good option to stop wage garnishing. With your new loan, you can...

Will consolidating my debts help me improve my credit score?

Debt consolidation by combining several balances of debt into a new loan is likely to increase your long-term credit...

Do i need to have collateral to qualify for a debt consolidation loan?

Yes, you can get an unsecured debt consolidation loan because most debt consolidation loans are unsecured. This means...

What are the different types of debt consolidation loans?

Debt consolidation involves taking out a new loan to repay several loans, which simplifies repayment and potentially...

What are the benefits of debt consolidation?

Consolidating your debt can have a number of advantages, such as faster and more simplified repayment and lower interest...

Do i have to pay taxes on a debt settlement?

In general, if you have debt-cancellation income because your debt is canceled, forgiven, or forgiven for less than what...