Consolidating loans wells fargo

12-Jun-2016 22:33

A loan with a longer term may have a lower monthly payment, but it can also significantly increase how much you pay over the life of the loan.

View the Total Cost of Borrowing Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you.

The automatic payment discount may not change your monthly payment amount depending on the type of loan you receive, but may reduce the number of payments or reduce the amount of your final payment.

Learn more about how to take advantage of both student loan discounts. The lifetime limit for this loan combined with all other education-related debt is 0,000.

I have 11k in mixed credit card debt and have a 698 credit score.

Next thing I know, LITERALLY 5 minutes later, I got an e-mail approval from Wells Fargo for the 15k/36 months at 10% and a monthly payment of 8. I furthermore clicked on the link from my e-mail and saw that there was no further action required (verification of income etc).

I have banked with them for years and also have a credit card with them, so I thought it made most sense to try for a loan with them too.

I own no property, my car is not in my name, have about 50k in student loan debt, but I do make 70k and have no blemishes on my credit report.

Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.

By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you.

Next thing I know, LITERALLY 5 minutes later, I got an e-mail approval from Wells Fargo for the 15k/36 months at 10% and a monthly payment of 8. I furthermore clicked on the link from my e-mail and saw that there was no further action required (verification of income etc).

I have banked with them for years and also have a credit card with them, so I thought it made most sense to try for a loan with them too.

I own no property, my car is not in my name, have about 50k in student loan debt, but I do make 70k and have no blemishes on my credit report.

Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.

By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you.

Public and private student loans have been on the scene for decades; helping countless college-aged borrowers earn academic degrees.