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Wiggy Marie posted:
Thanks, I was just checking this thread because I need to consolidate my loans. Adding it to the OP would be helpful. I went ahead and signed up with them and I noticed it said I get check for $595 if I consolidate more than $15000. Is this true and if so when would I get this money?
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Jan 23, 2007 04:51
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Perfection Mekanik posted:If I started to pay like $500 a month (or whatever I could afford that month) would there be some kind of a penalty for getting it paid off early? Would it be worth it? Would I be better off just continuing to pay the 120.78 a month? I can't speak for your place but I asked the same question to the place I went with. They told me that anything I pay over the monthly payment goes to the principal balance. So in your case if you paid $500 a month $120 would go to the interest and $380 would go to the $19649. At that rate you'd pay off your loans in 4 years and 3 months. That's just an estimate because I don't know how much of that $120 goes to your principal balance and I guess the interest goes down as your principal balance gets smaller.
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Jan 23, 2007 07:44
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