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Posted

I'm 'not sure this is the best place for this thread but it was the closest fit I could find.

I'm in a kind of a weird situation: I'm considering cosigning for a consolidation loan that my dad is going to take out (instead of the other way around). I've heard that, in the current economic climate, you need a better-than-usual credit score to consolidate. Does anybody have any experience with qualifying for consolidation loans recently? Any insight (or even speculation) about what kind of a credit score you need?

Posted

You can still qualify for a private student loan consolidation, but as far as I've found, there are only variable rates available. The firms that were doing both variable and fixed rate consolidation loans are now either not doing consolidations or only variable rates. Too bad.

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