Is it possible to get a consolidation loan with really horrible credit?
Written By: admin on December 7, 2009
4 Comments
I was in the hospital a while back and bills started piling up. I lost my job, was kicked out of school, and then my car broke down. I had no way to pay my bills and now that I have a job, I can’t pay any minimum payments on anything including my student loan. I was just wondering if it was possible to get a consolidation loan to pay one low payment with my extremely horrible credit.
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Tags: consolidation loan, job, minimum payments, student loan
As far as your student loans go, you should be able to place them into a deferment or forbearance, so you don’t have to pay right now. As long as you haven’t gone into default on your student loans, you can consolidate those, and lower the payments by 50%, and still qualify for deferment and forbearance. As far as other consolidation with really terrible credit, I don’t know. All I can say is be careful.
If you do choose that federal student loan consolidation is in your best interest, let me know.
noooooo you have to let 7 years pass by
Hey I was in the same boat. I wasnt in the hospital but It was hard to pay the bills!!! Go this site http://07studentloan.blogspot.com/ click the link under click here!!! I promise its a fantastic site and its free to sign up!!! try it out!!!
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