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We should enact meaningful reforms that include an interest-rate reduction and that provide a way for private-loan borrowers to consolidate their debt into the federal. to ensure that there are.
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Though it’s hard to gauge the full scope of the so-called student debt relief industry. the companies provide borrowers with misinformation about topics like loan consolidation, wage garnishment.
Debt consolidation is debt financing that combines 2 or more loans into one. A debt consolidation mortgage is a long-term loan that gives you the funds to pay off several debts at the same time. Once your other debts are paid off, it leaves you with just one loan to pay, rather than several.
Personal loans, regardless of if they are secured or unsecured, are another alternate source for debt repayment. But be mindful that interest rates tend to be high, and you risk getting further.
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