If you want to establish a positive credit history but you sometimes struggle to make your payments, consolidation can help you achieve your goals.Student loans are essentially considered installment loans.
Before you decide whether student loan consolidation is right for you, take inventory of your existing loans. Research some of your available options to get a reasonable estimate of the interest rate you can expect to pay, or take advantage of an online student loan consolidation calculator to see how your monthly payment might change.
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Her straining pocketbook held the financial equivalent of a Baskin Robbins — it looked like she had an entire 31-flavor buffet of credit cards.
Though this woman may be an extreme example, most of us do tend to have a variety of credit lines at any given time — usually a combination of installment loans (mortgages, student loans, auto loans, etc.) and credit cards.