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I wish I was treated with such respect and transparency by all companies I do business with.The top performers in our review are National Debt Relief, the Gold Award winner; New Era Debt Solutions, the Silver Award winner; and Accredited Debt Relief, the Bronze Award winner.Debt consolidation companies communicate with your debtors to negotiate lower rates on your behalf.While credit companies are under no obligation to negotiate your payments, the best debt consolidation companies may be able to consolidate your debt to a single, monthly payment or negotiate to lower the total amount of debt that you owe. Student loan consolidation: Consolidation is the process of combining your government loans so that you can make a single monthly payment.
Sometimes you reach a point where debt becomes overwhelming.
In short, when you refinance your student loans, your new lender will pay off your old loans and issue you a new one.
Your new loan typically has a lower interest rate, saving you money, or a lower monthly payment, making repayment more manageable.
This process will also combine all the loans you refinance into one convenient payment.
While a lower interest rate is good news, your new loan may not come with all the borrower benefits associated with government loans.