Ask Terry Questions Refinance high interest consolidation loan

Refinance high interest consolidation loan

By Terry Savage on September 26, 2023 | Credit/Debt

My daughter is currently paying a high interest rate on a debt consolidation loan. Is there any way she can get a new loan at a lower interest rate? (She lives in South Carolina)

Terry Says

Probably only if you co-sign it! (And I wouldn’t advise that!)
I would suggest she immediately contact the National Foundation for Credit Counseling at 800-388-2227. That will connect her to the nearest member agency of this trusted non-profit. If anyone can help, they can. And it won’t cost her more money.



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