Consolidating loans wells fargo
The private student loan consolidation offering from Wells Fargo can take 45-60 days to be processed however many people have reported it taking a much shorter period of time. Simplified Monthly Payments – If you hold multiple student loans and are having to keep track of several monthly payments than a Wells Fargo Loan Consolidation will help reduce those multiple monthly payments to only 1 monthly payment.
Variable or Fixed Rate Option – Wells Fargo offers both a variable and fixed interest rate2 Options to Lower Your Interest Rate Since Wells Fargo is one of the largest student loan consolidation companies in America there are several stories both good and bad about“After graduating from College in May I wanted to see if I could consolidate my student loans at a lower interest rate.
50% of my loans have a variable interest rate of 3.6% and the other 50% are fixed at 6.8%.
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Nerd Wallet rating: 3.5 / 5.0 Good for: Good credit, debt consolidation Wells Fargo is one of the few big banks to offer unsecured personal loans.
An applicant’s length of credit history and relationship with Wells Fargo also matter.
Discover and Citibank are two other large financial companies that also offer unsecured personal loans.Refinance one or more private student loans into one loan, and you may qualify for a lower rate or a reduced monthly payment by extending the term of the loan.At Wells Fargo, you can even refinance or consolidate your private student loans with your spouse's.Wells Fargo is one of the largest student loan consolidation companies in America.
Wells Fargo offers student loan consolidation for loans ranging from ,000 to 0,000.“If a customer has had a series of negative financial events and are rebuilding their credit, they might not be a good candidate for a Wells Fargo unsecured product,” Cutler says.