I got an offer to consolidate my student loans that have a really high interest rate but I’ve never heard of this company and I want to know if anyone has any experience with them and if it’s good. For example, I really hate Sallie Mae’s website so if Ardent is anything like that I’m not interested.
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If your loans are federal student loans I wouldn’t consolidate. If they are private, then you might consider… however, be warned all those consolidation companies wouldn’t be offering you their money if they didn’t make money on you somehow.
Look closely and either 1. the interest rate is higher than what you are paying now, or 2. the interest may be a less, but the length of the loan is significantly extended (and it doesn’t matter how little the interest rate is because you are paying them for an eternity). Either way they get more of your money.
Don’t base your decision to consolidate on your payment amount only. Also check to see of any other Fees they might tag on.