What If I Do Not Consolidate Student Loans

The main thing, which graduates seek, when they plan to consolidate student loans is the lower monthly payments, because they have still low incomes and lot of expenses to pay for. They may have two benefits in their minds. To lengthen the payment time to lower the annual payments and to get lower interest rate. But are both beneficial ones?

1. The Lower Interest Rate Is Wise To Take.

When you will consolidate student loans, you have a natural time to negotiate new interest rates for yourself. This concerns only the private student loans, because the federal ones have fixed rates. Why you should pay more for the same money. If you have better credit score, that means automatically lower interest rates. If the interest rate reduction brings enough help for your monthly payments, why to take the longer payment time?

2. The Longer Payment Time Brings More To Pay.

The longer payment time simple postpones the payments to the future. The price is, that you will pay more interest and that will increase your total expenses for your loans. Is that wise? Not, if you would be able to pay the loans in a shorter time, but yes, if you need the extra money urgently for some necessary expenses.

3. If You Will Consolidate Student Loans, Take The Full Benefits!

So the answer is, that it is wise to consolidate. Whether you will ask for longer payment time or not, is your own decision. But, what is worth doing is to maximise the benefits and to try to get as low interest as possible. What tools would you use? The lender, probably a bank, is a business and all businesses need growth. Now you can try the concentration trick by asking, what is the interest if you and your family would concentrate all the loans, credit cards and so on into the same lender?

4. What If You Do Not Consolidate?

The first thing is, that your interest for the private student loans will be higher, than what you could get with the consolidation. That would be stupid!. The other terms would remain the same as what you had agreed when you singed the loans. The payment times would probably be the usual ones and if you will manage with them, very good.

The loan management with several loans is probably quite time-consuming and would require planning, but is in no case too difficult. Just submit the payments into your computer or handheld calender and you can keep them in order all the time.

Juhani Tontti, B.Sc., Marketing. If you do not want to consolidate student loans, you will miss the student loan consolidation biggest benefit, which is the lower interest rate. Visit: consolidated student loans

More Debt Consolidation Loans Articles

Eric Rice Explains The Consolidation Era

The Consolidation Era has begun and things are changing. The time frame we sit in is known, by economists, as a consolidation era. If you look back on the last twelve years from a charting perspective, you can notice some very basic things. We experienced a huge bull run, or incline in the market, with the dot com business which led into the year 2000. From there we have seen a tremendous bear run, or decline in the market. In the real estate world we witnessed one of the best times in industry history through 2007, and since have seen one of the most discouraging real estate markets in our country’s lifespan. This trend, a huge rush upward and then a huge fall, is consistently followed by a 7-12 year period where the markets do not move much. They go up and down but generally stay within a certain range; this is called a consolidation era.
In these times of economic turmoil we see many of trends that are consistent with each other. Some examples include rising unemployment, the power of the dollar decreasing, and shared-space businesses. The shared-space business is a simple concept: two separate companies sharing space to provide their goods or services. If this concept seems foreign, think back ten years ago and consider the gas station business. Could you stop and fill up while you waited for your favorite sandwich artist to make you a turkey on wheat from Subway? Were you able to go to Wal-Mart and buy your groceries, clothing, home goods and a number two combo with cheese from McDonald’s? Of course you couldn’t, it was not a consolidation era.
So what does this mean to you? Why is this so important to understand? The reasons are numerous, and we could discuss them for days. However, in this article I am going to cover three main points and give you some advice on how to leverage your business accordingly. It is important to do the following things to optimize the current economy:
Acquire talent
Profit by affiliation
Locate inexpensive growth opportunities
In eras like the one we are experiencing today, we realize that businesses are going to shut down. The economy has a way of squeezing the weak out of the market, which should be seen as an opportunity for those that are still in business. A business closing means that people will be out of work (talented people), furniture and computers will go on sale for fractions of the cost, and new office space will open up. So how do we take charge and make something positive out of something so negative?
First, remain aware of the local talent that may be sprouting up after one of these businesses closes down. This decade’s employment scenario will include thousands of superstars on the market with nowhere to place them; this is a rare and wonderful opportunity for employers. Individuals that have lost their jobs in this economy accept and understand that they will not make the kind of money they have made in the past; this is just a fact. Use social networking tools like LinkedIn and Facebook to monitor an audience and locate who is out there. Make sure you have your ear to the street and listen to the problems in your community, it will not only help your business but it will allow you to help your community.
Aside from being able to find new talent, many doors will open for you to find more value. The more value you add, the more successful your business will be. The more value a customer sees in your product or service, the more often they will buy from you. Look to find ways to profit by association in 2011. Find ways to use the consolidation era to your advantage instead of resisting it.
Welcome those companies that used to be competition and work together. Find companies that offer a service or a product that can add value to your offering and cut a deal to work as a team. Create a powerful team of relevant offerings that will ultimately drive revenue through your hands. Find a complimentary business and ask them if you can assist in their marketing efforts by opening your book of business to them as a referral network. In times like these, it is just as important to find ways to offer savings as it is to show ways to create profits. If you own an accounting firm and are hurting, go to a local financial planner that could use a boost in his marketing and send clients their way in exchange for a shot at their customers.
Look to new methods of distribution as a way to profit by association. There are so many ways to expand your wings and explore creative solutions it’s staggering. Use the internet and offer your product through affiliate sites, open an e-commerce store, share links with businesses online to create new orders and so on. You can also look to the market to find these avenues in the real world.
For example, I have a friend that owns a candy store in the mall and he came to LWI for advice. We suggested he launch an e-commerce site and start using social media as a way to promote, and it’s working. I also told him to contact another friend of mine that owns a party store. The candy store now offers party supply materials and custom ordering through a store portal, while the party store is offering a ton of new candy to their customers thirty miles away. They both realized that they could work together instead of competing and that they had built in channels to provide a new product to each other through their product carriers. This is profiting by association.
Profiting by association is a simple way to increase reach, revenue, opportunity, and growth. It also happens to be an inexpensive way to expand your business in the blink of an eye. We will go more in depth on this topic and include additional real world studies in upcoming newsletters in 2011. Have a great holiday and remember; always use your vision, not just your sight.
By Eric A. Rice

Eric Rice is the creator of Lone Wolf Inc and a main thought leader in social media monetization practices.  His experience and creativity in the social media space is utilized daily to design innovative content, delivery, and targeting.  Eric has built 3 other companies on the premise of social media marketing with his own money and has been designing and implementing successful campaigns for more than 3 years.

Settle Personal Debt ? How Government Grants Make Debt Consolidation Easier to Settle

For people struggling with accumulated debt, government grants act as a boon. The government adopts this program not because of philanthropy but because it makes sound economic sense. When people are in debt, their buying capacity decreased and they will not be able to make purchases. This adversely affects interest rates and exchange rates which eventually hurts the economy. When the debtors pay off all their financial obligations, they are free to make a purchase which helps to keep the economy afloat, ensuring stable interest rates and circulation of goods.

Legal rules and regulations are created in such a way that an individual can save a large amount of money borrowing from the government instead of a private lending institution. This is one of the primary advantages of applying for a government grant. The terms and conditions associated with the borrowing are likely to be much better than that of private institutions as they are not run for profit. The interest rates applicable on the borrowings are also generally much lower than what a private company can offer which helps the debtor to save a lot of money during repayment.

A grant is an even better option when compared to a loan from the government as the person receiving the grant is not required to repay any portion of the money that is given to him / her. The person who has been approved this money will not be required to pay back any part of the amount as long as he / she uses it properly. To get approved for a government grant, the person will have to prove that he / she is truly in need of major assistance. Therefore, it is vital that when applying for the grant, you emphasis your financial situation in a manner that proves you actually can’t make payments to your lenders.

However, not everyone who applies for a government grant will be eligible to receive it. There are certain clear conditions and restrictions associated with the eligibility. You will need to furnish documents for proof of income, amount of debt, and monthly statements to determine if you are eligible for the grant. You must also take care to find the right government agency that offers grants which are responsive to your needs.


The Writer is research analyst with Financial Solutions, which is an organization that helps overextended consumers with manageable debt settlement plan. For more information click the link www.uscaonline.com

http://www.uscaonline.com”>debt settlement

An animated breakdown of consumer debt relief options presented by http://www.DebtConsolidation.com.
Video Rating: / 5

More Debt Consolidation Loans Articles

Latest Debt Consolidating Debts Information

Adjusting alive economically after a divorce
Additionally, you’ll now be responsible for investing in costs that you were once capable tell your former spouse, like housing, utilities, and car and truck loans. Finally, you may possibly arrive at the … repay high-interest financial obligation initially. • Take advantage …
Find out more on St. George Constant Spectrum

How and when to consolidate your student financial loans
Even though you're satisfied with the regards to the mortgage, it's important to consider that by refinancing your national debt into a private loan you lose many of the federal government defenses wanted to national consumers. Those through the solution to postpone …
Find out more on MarketWatch

GOP Wisconsin lawmaker says the federal government refinances student loans
Tammy Baldwin, D-Wis., when she said in 2014 that four-year college students, normally, are graduating with $ 30,000 in student loan debt. The most effective information … The federal government has consolidation for most student loans. That provides you one …
Read more on PolitiFact

Latest Debt Consolidation Debts News

Charge card debt consolidation reduction
Debt consolidating is a payment strategy concerning a loan to mix and protect your other financial loans or debts. Therefore as opposed to paying a few minimum monthly payments on a number of bills, you are able to repay your entire debts with one payment.
Find out more on UpNorthLive.com

5 Excuses Keeping You From Becoming Debt-Free
Fortunately, you can find choices, including, including, debt consolidation reduction, balance transfer charge cards or the help of a credit counselor. You just have actually … in the beginning deciding to make only the very least repayment on your own loan responsibilities can be a tough …
Read more on WCPO

Millennial economic resolutions: Annihilate student loan financial obligation
You could also decide to try getting a lower interest by consolidating your loans, that could save you money with time, von Tobel says. Consolidation is specifically appealing if the credit rating features substantially improved as you very first took out …
Find out more on United States Of America TODAY