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05-09-2007, 02:57 PM
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#1 |
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Registered User
Join Date: Apr 2007
Posts: 4
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How Long Does Consolidation Take??
I am trying to figure out how long consolidation takes....
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05-09-2007, 04:27 PM
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#2 |
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Registered User
Join Date: Jan 2007
Posts: 1,084
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It's been a while since I've consolidated, but I think it was within a month or two of my initial request. Maybe less. I did it before I had any payments due, which probably would have made me remember the event more clearly.
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"Wealth is the slave of a wise man. The master of a fool." -- Seneca |
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05-09-2007, 07:51 PM
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#3 |
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Registered User
Join Date: Apr 2006
Posts: 29
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It depends on what you mean…if you mean how long does it take to apply for a student consolidation loan, then the answer is a few minutes. Some companies even have online applications with the ability to e-sign, so the process is even faster. Here is a list of the best student loan consolidation companies with online/e-sign.
Puck is right, once you apply, the actual “consolidation” process takes 1 – 2 months. During this time the consolidation company is contacting your current loan holders to get your loans paid off so they can take them over. |
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05-24-2007, 09:48 AM
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#4 |
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Registered User
Join Date: Feb 2007
Location: Yardley, PA
Posts: 8
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Hello
I think cg1 wants to know "how long the consolidation process takes?" which means will it take a day to consolidate or a month or a year or may be spanned up to several years. Yes, depending upon various the process can takes several years. It all depends on: Which consolidation firm you choose? What kind of package you choose? Amount of Interest Rate! And the list goes on and on. I discussed in one of my previous post about "U.S. House of Representatives Approves Student Loan Interest Rate Cuts" You can check the post and the entire post here: http://forums.kiplinger.com/showthread.php?t=8531 If you want to "understand" the student loan consolidation process completely then I would suggest you visit: http://www.aboutstudentloans.org/un...ion_process.php
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www.AboutStudentLoans.org - Student Loan Consolidation Data Base: Loan Process, College School Loans, Interest Rates, Debt Consolidation Information and more! |
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07-05-2007, 05:43 PM
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#5 |
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Registered User
Join Date: Jul 2007
Posts: 71
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it depends on how much you're willing to pay each month and how you consolidate.
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