LoanRefinanceTips.com Advises Consumers About Loan Consolidation
Save more money on student loans with loan consolidation. Stop paying all your hard earned money to the credit card companies, find out the facts about debt reduction.
Houston, TX (PRWEB) December 28, 2005 -- A recent analysis by the Public Interest Research Group found that the average debt among student borrowers is now in excess of $16,500. The debt for graduate or professional level students often averages more than $24,000. LoanRefinanceTips.com is a new web site that provides an abundance of information for loan consolidation and debt reduction.
Right now there is a 36-year low in interest rates and consolidation loans are becoming very popular as debt reduction and debt management tools. Federally guaranteed loans, which change annually, based on the three-month Treasury bill, have dropped to some of their lowest levels. The information at www.loanrefinancetips.com can assist those wanting to take advantage of these low interest rates.
Some of the advantages of consolidation include drastic reduction in monthly payments, retention of deferment, forbearance benefits and extended repayment programs. Loan consolidation can improve a borrower’s credit score by replacing multiple lenders with a single lender that holds the consolidated loan for the borrower. LoanRefinanceTips.com has some excellent tips located in its Debt Reduction section.
The web site www.loanrefinancetips.com provides a place where consumers can learn about loan consolidation and debt reduction. The start of the New Year is an excellent time to assess personal finances, especially debt. The information located at LoanRefinanceTips.com can assist borrowers in making the correct financial decisions for the New Year.
For additional information on the news that is the subject of this release contact, Joseph Murphy or visit www.loanrefinancetips.com
About LoanRefinanceTips.com:
Is owned and operated by P2R Investments a professional investing group located in Houston, Texas.
Contact:
Joseph Murphy, senior reviewer
LoanFinanceTips
www.loanfinancetips.com
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