Mike Davies
January 2017

Loan Consolidation

A Loan Consolidation is when you take multiple loans and consolidate them into one new loan.

If you consolidate your defaulted loan with another loan, this will remove the defaulted status. However, this could have a negative impact on your credit score. It is possible to have a consolidation loan also go into default if you fail to make payments. This will accrue fees as well.


Options are available to help

Most people do not realize that there are programs designed to help those who may be struggling with their student loan payments. Thousands of borrowers have trusted Ameritech Financial to be their advocate. Click here to find out what options are available. Our services could help you get back on track.

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Mike Davies

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