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.

Best reply by Angela Ochoa:

noooooo you have to let 7 years pass by

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Is it possible to get a consolidation loan with really horrible credit?

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.

Best reply by Angela Ochoa:

noooooo you have to let 7 years pass by

Read the original question on Yahoo! site
Is it possible to get a consolidation loan with really horrible credit?

Why would a student loan company advertise loan consolidation? Is there a cost to consolidting student loans, or any other loans? What is the lowest rate you can expect if you consolidate now? When is a good time to consolidate?

Best reply by mntnck:

when i did it once the only catch is that not all companys will alllow it. and if you miss even one payment they drop you and you have to go back and pay all the money.

Read the original question here
what is the catch with loan consolidation?

Why would a student loan company advertise loan consolidation? Is there a cost to consolidting student loans, or any other loans? What is the lowest rate you can expect if you consolidate now? When is a good time to consolidate?

Best reply by mntnck:

when i did it once the only catch is that not all companys will alllow it. and if you miss even one payment they drop you and you have to go back and pay all the money.

Read the original question on Yahoo! site
what is the catch with loan consolidation?