Learn more A "soft" credit check allows a lender to check the applicant's credit and provide the applicant with an estimated interest rate without affecting their credit score.
This is unlike a "hard" credit check, which may impact an applicant's credit.
Fixed-rate loans often have higher rates than the introductory rates on variable loans.
However, borrowers have peace of mind knowing their monthly payments will always be the same amount.
With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!
If a borrower loses their job through no fault of their own, they may be eligible to receive unemployment benefits with some lenders.If approved for this benefit, the lender will put the borrower's loans into forbearance, suspending their monthly loan payments.Unpaid interest will continue to accrue and will be capitalized (added) onto the borrower's principal balance.Some lenders will permit the refinancing of those Parent PLUS loans from the parent's name into the name of the child/graduate.Indicates whether or not the lender allows loans that were previously in default, but have now been rehabilitated, to be refinanced.
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