School loan consolidation is very effective in avoiding the more serious bankruptcy. Remember that school loan consolidation is basically a refinancing package, where your old loans are replaced with one new loan at much better interest rates. Consolidation also brings help from a consultant who will deal with your creditors on your behalf, so there will be no rude letters or phone calls like you would if you were going through bankruptcy.
Bankruptcy on the other hand is where your debts are cancelled and your credit score rating drops through the floor.
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Here you will find articles that offer information, help and news for consolidation of your student or school loan.
School Loan Consolidation Archive
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