http://www.how-to-consolidate-debt.com/consolidate-debt/consolidate-student-loan-debt/ Consolidate student loan debt with the assistance of our credit counselors. Search through our site and learn how to consolidate student loan debt effectively. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Who believes you should consolidate student loan debt? Show of hands? Okay, so we're being silly. As if we could see your virtual showing of hands. But we're imagining they are raised high. And that there are lots of them. Why? Because, right now any way, consolidate student loan debt makes sense. It makes more sense then the previous sentence did, grammatically! Consolidate student loan debt and save Why is consolidate student loan debt the thing to do, the flavor of the month, the soup du jour? Perhaps it's because there is still time to lock in a reduced, fixed rate for the life of your loan. Why not wait? Well, you don't want to wait to long to consolidate student loan debt as, apparently, some of our lawmakers aren't happy with the fixed rates on student loan debt. The issue is being reportedly heatedly debated in Congress, summer 2004. Make your move before Congress adjourns and spite them! No matter what the final verdict on the day of reckoning, get your application in to consolidate student loan debt before Judgement day and lock in your reduced, FIXED rate, regardless. Consolidate student loan debt and lock in your reduced, fixed rate When you consolidate debt using a fixed rate, the rate will stay the same for the life of repayment. The guessing game will end. But, if you keep on keep on with a a variable rate on your student loan, you're in for a bumpy ride. A variable rate is mandated by economic influx. The rate may soar up to 8%. However, when you lock in your reduced, fixed rate through your student loan consolidate debt loans, your lowered rate will never change, for as long as it takes you to pay it off -even if you're ninety and still paying it, it will be at that same rate. And the rate is configured by calculating the weighted average of your existing loans. Applicants have been able to lock in a rate under 2%! This is unheard of. Some of us here remember having an opportunity to receive a fixed rate that would have also been under 2%, but we declined because we are admittedly not a "numbers person," and because at the time, we didn't see the long-term results of what a fixed rate means. Consolidate student loan debt and all others Never underestimate the power of debt consolidation consolidate your debt. Research your company thoroughly. Go right to the source. Start off by checking the Better Business Bureau website to see if and how many and what type of complaints they may have. And/or - turn to the source. Your creditors. Since your creditors are the ones who will be working out negotiation terms with your prospective consolidate debt for financial relief choice, approach your creditors and give them the name of the company you are considering. Ask them if they have a healthy track record and if they would be someone they'd consider working with. Sat, 26 Jul 2008 15:00:00 EDT