Today, I want to talk to you about loan consolidations.
If you are reading this, you are probably wondering if this is a good time to consolidate your loans.
You may also be speculating on how quickly you should contact a lender about consolidating your student loan or loans now that the Supreme Court ruled against the president’s loan forgiveness plan and the Covid-19 student loan forbearance program is ending.
There are times when consolidation is your best alternative. However, that is not always the case.
Agreeing to a consolidation loan before you have done your homework is never a good idea.
Why?