Looking to Refinance my Private Student Loans

I am 3 years out of college and still owe $34k to a Private Lender, with another $23k owed to Uncle Sam and Aunt Sallie. I have worked very hard to save myself from CC debt after graduation, mainly by transfer balances to take advantage of promotional rates and disciplined spending/payments. I am now focusing on my Private Loans which are floating around 8.25%. I pay an extra $50 per month toward principal on this total but at this rate its going to be 2018 before I'm done with the Privates and 2020 when I finish the Feds.

Ok enough whining, my question is: Can anyone point me to a company that is willing to refinance my Private Loans and give me a better rate than I have now? I see many promotions for Principal reductions and Rate Reductions but everything is based on Federal Loans. Why is it that there is no competition or solicitation for Private Loans? Is this so regulated by the govt that everyone has the same rate? I have a very good credit and have been perfect in repayment, I cannot imagine why other lenders fighting to buy my debt. I would guess there are many people in similar situations as myself. Please help if you know of any other resources. Thanks!

Well thanks for the solicitation, anyone else here that can help out?

Why not call your current credit cards and ask for a higher balance and a lower APR? Maximize the accounts you currently have open. If they cannot cover everything you have, or fail to work with you to your satisfaction, contact their direct competitors (I.E.: other banks).

I'm not sure I follow you Dingo, my problem wasn't with the Credit Cards, it is the Student Loans. Are you talking about paying Student loan debt with credit cards?

Oops, I left that part out!

If you can get a better rate, why not? It is a regular balance transfer. If I can pay a car off with a credit card (or two), why not a student loan? If you can turn a 8.25% loan into something better, isn't it worth investigating?

As far as private loans, I have no experience in that department, and can give you no advice.

Credit cards can be bankrupted on.

Just sayin'.

Seriously, though, whether it's credit cards or approaching the bank, your best option is, essentially, a "re-fi" where you can get a better interest rate and/or a longer period of repayment.

The best PRIVATE loan consolidation site by far (after long amounts of searching... trust me). The best part about this site is its one of the only ones which does not base it on prime which at this point in time leads to higher interest rates. Including the .25% off for direct debit rates are as low as 7.21% which is very much improved. And unlike any other site I have seen, there is no 3% fee to switch lenders. Hopefully this answers your question. And good luck! I know people like you and me need it!