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Don't Delay doing this!!! Kiplinger's May '05.... Posted by MI-Roger [Email] (#882) [Profile/Gallery] (more from MI-Roger) on Fri, 8 Apr 2005 05:01:29 In Reply to: Both of my sons recently did this...., MI-Roger [Profile/Gallery] , Thu, 7 Apr 2005 14:58:42 Members do not see ads below this line. - Help Keep This Site Online - Signup |
I just received my latest Kiplinger's magazine. On page 84 is a brief article discussing loan consolidation titled "Rock Bottom." Interest rates on consolidation loans are scheduled to jump by up to 2% effective July 1, 2005. Since rates are currently as low as 2.77%, this change could represent a 72% increase in borrowing costs!
Consolidate now! Expect a long processing time because of this huge scheduled increase in interest rates. Many students may have been procratinating, or deliberately waiting for the rates bottom-out before consolidating their loans. I am sure the consolidation companies will be very busy for the next 2-1/2 months.
posted by 68.42.11...
_______________________________________ Saabs owned: 2008 9-5 Aero Sedan, sold at 227K miles 2006 9-3SC 2.0T - Wife's daily driver 2000 Viggen Convertible - Sold May, 2022 1964 Quantum IV Formula Car - Retirement project 2000 9-5lpt Sedan, sold at 318K miles
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