Comments on: Does anyone have experience with Ardent Financial for student loans? http://finance.coolgreatstuff.com/does-anyone-have-experience-with-ardent-financial-for-student-loans Fri, 02 Dec 2011 01:49:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Found-1 http://finance.coolgreatstuff.com/does-anyone-have-experience-with-ardent-financial-for-student-loans/comment-page-1#comment-68308 Found-1 Sat, 24 Apr 2010 00:13:35 +0000 http://finance.coolgreatstuff.com/does-anyone-have-experience-with-ardent-financial-for-student-loans#comment-68308 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. 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.

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