Help with consolidating bills

In many countries, especially the United States and the United Kingdom, student loans can be a significant portion of debt but are usually regulated differently than other debt.

No matter how honest and serious you are about your finances, sometimes a bill just slips by when the money is tight.However, such consolidation loans have costs: fees, interest, and "points" where one point equals to one percent of the amount borrowed.In some countries, these loans may provide certain tax advantages.Because they are secured, a lender can attempt to seize property if the borrower goes into default.Personal loans comprise another form of debt consolidation loan.Student loans in the UK can not be included in bankruptcy, but do not affect a person's credit rating because the repayments are deducted from salary at source by employers, similar to Income Tax and National Insurance contributions.

You must have an account to comment. Please register or login here!