Protect Your Credit - Student Loan Consolidation

Consumer Rights
If you have negative information in your credit file, as reflected by the Big Three reporting companies, Experian, Equifax, and TransUnion, proves to be accurate, there is little you can do about it. Only the passage of time will guarantee that information's ultimate removal from your file. The reporting companies will generally list negative credit information for seven years, and bankruptcy information will remain on your report for ten years. The time limits generally begin being counted from the time the event initially took place. Be first to comment this article \| Add as favorites (0) \| Quote this article on your site \| Views: 255
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Student Loans
A private student loan is an option for students who prefer not to borrow money from the government or from Sallie Mae, or who have not been fortunate in obtaining grants and scholarships from both private and public foundations. The interest rates could be slightly higher than say a federal Stafford loan or a Perkins loan, but if the student, or his parents, has a good relationship with a private lender, the rates and terms could be negotiated…and often in a friendly manner. Be first to comment this article \| Add as favorites (0) \| Quote this article on your site \| Views: 414
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Bankruptcy
The vast majority of government student loans cannot be gotten rid of easily, even filing for bankruptcy will not resolve these debts. The only way that these types of loans can be taken care of in bankruptcy is if you can prove that they are a substantial hardship on you and your finances and this is a pretty hard ting to do in most cases, especially since the rest of your debts will be taken care of with the bankruptcy filing. Be first to comment this article \| Add as favorites (0) \| Quote this article on your site \| Views: 439
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