When it comes to loans, it seems as if the federal government-funded ones have terms which are more ‘borrower-friendly’. But if an individual does not qualify, what other options are there? Here, we will take a look at the similarities, if any, as well as the differences between federal loans and private mortgage loans.
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The Benefits and the Downsides of Private Loan Consolidation
Did you know that private loan consolidation can a good option for you? Before you pursue this option, you have to understand that private loans can not be consolidated into federal ones. But you have the option to consolidate federal loans into private loans.
Reaffirming Debts in Bankruptcy Is an Option
Bankruptcy could be a way out for some people who are in deep financial troubles. However, you still need to face the issue of debt reaffirmation in a bankruptcy. If you are going to reaffirm, you will have to repay certain debts and retain your assets.
