Paying down your debt faster can help you get a head start on your goals, whether it’s applying for new credit, saving on the cost of borrowing, or just reducing your debt.
I ran the numbers based on my income, and realized that it would have taken much longer time wise, and would have cost me much more in interest to pay off my credit cards and save for a fund, that I decided to turn to a unsecured personal loan from Wells Fargo.
When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a reduced interest rate or an extended repayment term.
Keep in mind that extending your repayment term may increase the amount of interest you pay over the life of the loan.
If you don't get the answer you're looking for at first, keep climbing the ladder until you find someone who will work with you.
First and foremost though, keep the roof over your head and food on the table, gas in the car, etc....determine what you can pay and the frequency and stick to the agreement.