Down side to consolidating bills

So Fi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE.Licensed by the Department of Business Oversight under the California Finance Lender Law License No. So Fi loans are originated by So Fi Lending Corp., NMLS # 1121636.These offers do not represent all deposit accounts available. Advertised rates and terms are subject to change without notice.Light Stream*Your APR may differ based on loan purpose, amount, term, and your credit profile. Avant All unsecured installment loans issued through Avant are made by Web Bank, member FDIC.Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here.This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).When I finished my graduate degree, I had five different student loans for attendance at two different universities, with various interest rates.

However, loan consolidation is not always the answer.

Your grace period on some loans could end prematurely, or you may end up consolidating at the wrong time – too early or too late.

Not all student loan debts can be consolidated, although most federal loans can.

As with all things in life, however, there are pros and cons to taking out yet another loan. (We’ll explain why below.) While there could be great benefits to taking on a personal loan to pay off credit cards, you will want to weigh those benefits against any drawbacks before making your decision.

There’s no “right” or “wrong” answer — you’ll want to consider all the facts, then judge for yourself.

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