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I’m a college student in my last semester of school (14 weeks to go!!!)

Any advice on consolidation and repayments?

In particular, about the monthly payments. Have you had any options to make the payments over the longer period and when you had additional money did you pay extra?

Were they honest about the monthly loan amout?

Have you found that there are any problems with paying extra on the principal or paying more than one month at a time?

Have you found any concerns about penalties for missing or late payments? I’ve heard that they really raise up the interest rate if you are even one day late.

Any suggestions on loan consolidadation companies. I’m getting 3 or 4 companies contacting me each week and it’s difficult to know what to look for.

Thanks for any advice you may have!
Sorry about the typos, I did not do a good job of proofreading my question.

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I want to start a decorating franchise but my credit is shot….Help me!….. anyone?????

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I want to start a decorating franchise but my credit is shot….Help me!….. anyone?????

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My mom wants to apply for a debt consolidation loan but has bad credit. My 2 brothers, sister, & brother’s friend live with her in a house. I rent an apartment with my bf. I’m the only one in my family who has good credit, so my mom wants me to co-sign a loan with her. My mom is a widow & has no one else to ask. She has me pegged as her last hope.

The thing is I’m still in my twenties and have intentions of returning to school, marrying, & buying a house in the future. If she defaults on her loan payments, which I’ve heard occurs very often in instances where there’s a co-borrower, then I am liable for the loan. It’ll hurt MY credit!

My bf has even told me that if I co-sign this loan, he won’t marry me because, as my spouse, he’d be indirectly responsible for her loan too.

If I don’t co-sign, she’ll lose the house. I told her to sell & move but she’s stubborn. I suggested bankruptcy but she says it’ll be bad for her job status ’cause she’s a public employee. What should I do???
All of my siblings & my brother’s friend are over 18. Brother 1 recently lost his job. Brother 2 is paying $1200/mo for rent. Sister is a full-time student & will be moving out with her bf soon. Brother’s friend pays $150/mo for rent, which needs to increase because he’s practically get a free ride! My mom is scared of Brother 1 & his friend because they’re ill-tempered & are domineering. After all of that, they’re still short $1800.

Thank you SO much to everyone who has provided an answer! You’ve been very helpful!

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I am currently a grad student and during my undergraduate career, I ran up alot of credit car bills. I am in debt consolidation but that is not resolvong my problem. If anything, it is adding to my problems. I have a good job that could take care of my bills if I could see a whole check but I always end up overdrafting my account, eating up every check. My job requires me to work long hours, so I can not get another job becuase the hours are incapatibe and I don’t want to have to drop out of school. I am desperate for a solution. If I could pay my bills off and pay one person back, I’d be good to go.

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My husband and I are struggling. We are under a load of stress and loosing lots of sleep. See i just filed for bankruptcy before we got married..so i basically wiped all my debt, but now here comes my husband and he is in a 10,000 debt! We haven’t been able to pay our rent im so afraid..I dont know what to do. We are past due on many of the bills..I’m even struggling to send my kids to school with lunch money. Is there any type of personal loan or consolidation loan that will help us so that we can only make one monthly payment instead of several payments a month? I want us to get back on track and most places now seem not to care and dont want to give second chances to people like us..its so sad.

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It’s a Curves franchise. Location has been in business for 6 years.
It’s a Curves franchise, existing for 6 years.

I’ve talked to 2 (national) banks, and they both said they don’t deal with “start up” business loans and simply pointed me to sba.org.

When I researched online, I just get overwhelmed with “24-hour approval bad-credit OK” loans that seem suspicious.

I’m really new to this, and appreciate any REAL help that’s out there.

And special thanks to the first Answer here — Yes, this is a serious question. I thought this was a friendly forum to ask open questions.

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A while back I went to college and withdrew unofficially, causing the college to charge an exhorbitant amount of money for breaking the contract of my dorm. I owe them $3400, and it has been sent to collection. I also have a direct loan in the amount of $3700 that paid for my tuition that is in good standing. I cannot attend school again until the college is paid and they release my transcripts, unless I pay out of pocket, which I cannot afford. I was a member of Americorps and earned an education award in the amount of $4700. I can use it to pay off the loan or *current* college expenses. So I see two options, go to school and pay for it with the award as if I never went to college before, and still not have enough to finish. Or i can pay off the loan, hope that helps my credit enough to get a debt consolidation loan to pay off the college (They want it in full) and finally be able to apply for a FAFSA again and go to school. I just really want to go back to school. Any advice?
My Direct Loan is currently consolidated.

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Hello everyone! I just graduated and have about $100,000.00 in total student loans including Govt. subsidized / unsubsidized Stafford Loans and Private loans. About $50,000 is in Stafford loans with an interest rate of 6.8% and $50,000 in “Signature Private Loans” at about 10%. They are all with Sallie Mae. I’m in the 6 month “grace period” now. I’ll be going to graduate school starting this spring (in seven months)

Any advice on if/how/with who I should consolidate my loans with and how do my interest rates look. Any ways to get them lower? I have great credit, a co-signer with great credit and a full time job. Any help on figuring out the best way to pay this stuff back/make my payments lower, would be great.

Any other advice is also welcome /and/or personal stories from those who have gone through this process. Thanks!

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We are recent college grads (he already has his Masters), and I’ve owned a small business before. However, we’re so young (in our early 20s) that we won’t get a loan big enough to start off. Any tips for what we can do to improve our chances at a good start?
We’re looking at about half a million dollars for the jewelry, cases, and rent.

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