Benefits of consolidating private student loans
Student loan consolidation is the process of unifying several loans with different rates and terms into a single loan with a single payment.The blended interest rate is determined by calculating the weighted average interest rate of the original loans (meaning higher balance loans have greater impact). I had a great experience recently in refinancing my student loans!
They took care of everything and made the transfer of my student loan easy and flawless. Each time my response was received complete and timely. I was in the trenches for quite some time before I came across Earnest.
They work with you to a degree, but it's nothing to write home about.
My main concern is the application step when you link your accounts up into Earnest.
I work for a financial institution; here, the highest effective score is 710.
I understand that companies such as Earnest are for "superprime" borrowers (usually), but I have strong cash flow, credit score, and employment history.