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What happens if you were a cosigner on an auto loan but now your credit is terrible and you are in a credit consolidation program?
Wiki User
∙ 16y ago
As far as the auto loan you cosigned for, nothing will happen as long as the person who actually borrowed the money makes the payments on time.
Wiki User
∙ 16y ago
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debt counseling?
consolidation debt program
Is there a valid debt consolidation program?
Yes, many exist.
How do I go about federal student loan consolidation?
In the United States, the federal government offers a specified program for loan consolidation. You can visit: www.loanconsolidation.ed.gov. This site will help you understand the program, determine your eligibility and create a plan to communicate with and, with any luck, arrange for student loan consolidation.
How does a student loan consolidation program work?
There are some differences in student loan consolidation programs but most work the same way. The program combines different loans to lock in a small interest rate.
What are consolidation bills?
Consolidation bills are the new bills to be paid after one has gotten into a debt consolidation program. Before debt consolidation one might have five monthly payments on five different loans. After debt consolidation, those five payments are rolled into one payment which is usually lower than the total of the original five.
Is there a free federal program that provides debt consolidation advice online?
On the .Gov pages is a long list of place that handle free federal program that provides debt consolidation advice. All they need to know is your location and they can help up in your own state.
Where can I find information on student loan consolidation?
During this period, borrowers who make payments separately from your federal loans to one or more lenders (loans are settled before a management entity loans) may be eligible for a Special Loan Consolidation Direct Loan Program. A Special Loan Consolidation Direct Loan Program offers borrowers repayment and benefits than those of a Consolidation Loan Direct Loan Program. Special Loans Direct Consolidation Loan Program also have a separate application process. For more information about Special Loan Consolidation Direct Loan Program, visit the Special Loan Consolidation Direct Loan Program. For more information about Conventional Loans Consolidation Direct Loan Program, visit Loan Consolidation Direct Loan Program.
Is there any services available in Denver to help people who need financial help to reduce their debt?
The Colorado debt consolidation program, The primary purpose of the Colorado consolidation program is to merge your monthly payments on different accounts into one account to help you make monthly payment.
Does ACS offer student loan consolidation?
ACS does not offer student loan consolidation anymore since July 2010. All consolidations should be made through the Direct Loan Program. You can find other useful information on Federal Direct Consolidation Loan website.
Is there a free federal program that provides debt consolidation advice?
No, you need to go to a private program. Some places offer free private programs though.
Use Caution When Signing Up For Debt Consolidation Programs?
Consolidating your debt into a manageable monthly payment can seem like a great idea. Unfortunately, some debt consolidation programs can damage your credit by failing to send payments to your creditors when they are actually due. Make sure that you find out exactly what happens to your debts when you start on a debt consolidation program to avoid getting nasty surprises later. Read all the fine print and make sure that your creditors are on board before you sign any contracts for getting debt consolidated. The right program can help quite a bit, but only if you proceed with caution.
When does one realisize they should get on some loan consolidation programs?
You should get on a loan consolidation program if you realize that your loans and credit are more than you can afford to pay individually. These programs can consolidate them into one monthly payment.
