4 ms·
12.5% is crazy. Refinance! Take a lower % loan to pay off all your current debt.
by mbrodersen 5y ago
12.5% is crazy. Refinance! Take a lower % loan to pay off all your current debt.
- chii 5y agoThe problem is who would lend you money for a lower % with zero collateral, which you could bankrupt yourself out of? Education loans persist through a bankruptcy, which is why they exist in the first place. But i do agree that 12.5% is really high - not credit card debt high, but pretty close!
- gravypod 5y agoExactly. I can take out a personal loan and use that but those aren't a good interest rate and it would possibly effect my credit. By just paying off my loan in advance of their schedule my credit is being effected very positively.