Top 10 Credit Relief News

Credible Review
  • EDITOR'S SCORE
  • 10 / 10
  • SUMMARY
  • Private Loans for College, Graduate & Professional Degrees

    Refinance Federal, Private & Parent PLUS loans up to $300,000

    Rates As Low As 2.01% Variable APR

    Minimum Credit Score 630
  • WHAT WE LIKE
  • Ranked A+ by the Better Business Bureau

    Works with Excellent, Good, Fair, & Poor Credit

    100% Free Service
  • BOTTOM LINE
  • There is a reason Credible is our top choice. The San Francisco based company operates a consumer finance marketplace that helps consumers save money and make better financial decisions. Credible has developed a differentiated, and personalized user experience that enables consumers to compare instant, accurate pre-qualified rates from multiple financial institutions for student loans, personal loans and mortgages.
Lendkey Reviews
  • EDITOR'S SCORE
  • 9.5 / 10
  • SUMMARY
  • Private Loans for College, Graduate & Professional Degrees

    Refinance Federal, Private & Parent PLUS loans up to $300,000

    Rates As Low As 2.01% Variable APR or 3.49% Fixed APR

    Minimum Credit Score Required 660
  • WHAT WE LIKE
  • Ranked A+ by the Better Business Bureau

    Get Actual Rates Without Affecting Credit Score

    100% Free Service
  • BOTTOM LINE
  • LendKey has transformed the $3.6 trillion consumer lending market by matching student loan borrowers with community banks and credit unions to create the most transparent,accessible and low-cost borrowing options in online lending. LendKey is bringing community lenders to the online community, and giving you tools to make smart borrowing decisions.
SuperMoney Reviews
  • EDITOR'S SCORE
  • 9.25 / 10
  • SUMMARY
  • Private Loans for College, Graduate & Professional Degrees

    Refinance Federal, Private & Parent PLUS loans up to $300,000

    Rates As Low As 2.01% Variable APR or 3.49% Fixed APR

    Minimum Credit Score of 600
  • WHAT WE LIKE
  • Featured on Forbes, CNBC & INC Magazine

    Get Actual Rates Without Affecting Credit Score

    100% Free Service
  • BOTTOM LINE
  • SuperMoney is an online marketplace for student loan refinance, personal loans, and auto loans. With SuperMoney, users can easily compare pre-qualified rates from multiple lenders with one form. SuperMoney works with some of the top student lenders in the business. Users may refinance private student loans, federal student loans, or a combination of both.
Commonbond Student Loan Reviews
  • EDITOR'S SCORE
  • 9.25 / 10
  • SUMMARY
  • Student Loans for Undergraduate, Graduate, MBA, Dental & Medical

    Company has Succeeded in Funding More than $2.5 billion in Student Loans

    Rates As Low At 3.31 APR

    Minimum Credit Score of 670
  • WHAT WE LIKE
  • Ranked A- by the Better Business Bureau

    No Miminum Income Requirement

    100% Free Service
  • BOTTOM LINE
  • CommonBond was founded in 2012 to help relieve the $1.5 trillion student loan burden for US students. Since then they have funded over $2.5 billion in better student loans. Their approach is no big secret: lower rates, simpler options, and a world class experience—all built to support you throughout your student loan journey.
Splash Financial Reviews
  • EDITOR'S SCORE
  • 9.25 / 10
  • SUMMARY
  • Student Loan Refinancing

    Minimum Annual Income of $42,000

    Maximum Debt to Income Ratio of 35% TO 50%

    Minimum Credit Score of 670
  • WHAT WE LIKE
  • Married Couples Can Refinance Together

    No Structured Deferment or Forbearance Program

    Get Actual Rates Without Affecting Credit Score
  • BOTTOM LINE
  • Splash Financial was created to help alleviate the burden of high student loan balances, with high interest rates and large monthly payments. Splash offers a refinancing opportunity to college graduates. Their refinance options can help lower monthly payments or maximize lifetime savings to pay loans back faster. At Splash Financial, they want you to be able to pursue both career and life goals without the constant worry of your student loan debt.

About STUDENT LOANS

How do student loans work?

How do Student Loans Work?

Most college students will have to borrow one or more student loans before they graduate, because there aren’t enough government grants to cover all college costs. There are more than $100 billion in new student loans made each year and more than $1 trillion in student loan debt outstanding.

Given that most student loan debt is unavoidable, it is important for college students to understand how student loans work.

What is Student Loan?

 

What is a Student Loan?

A student loan is borrowed money used to pay for college costs.  It is repaid over time based on the lender's repayment terms. In addition to repaying the amount borrowed, most borrowers also have to pay a fee, called interest.

 

What is student loan interest?

 

What is Interest?

Interest is a fee charged for the use of someone else’s money. It is typically charged once a month based on the unpaid loan balance.Most new student loans have fixed interest rates, which do not change over the life of the loan. A variable interest rate will change periodically, such as every month, quarter or year.

who provides student loans?

 

Who Provides Student Loans

Student and parent loans come from private lenders, such as banks and other financial institutions, state governments and colleges. Generally, students should always borrow federal first, because federal student loans are cheaper, more available and have better repayment terms.

How much can you borrow on a student loan?

 

How Much Can You Borrow?

A loan limit specifies the maximum amount you can borrow. Some student loans allow you to borrow up to the full cost of college, reduced by the amount of the other student financial aid. Other student loans have lower fixed annual and cumulative loan limits.

Student loans may be good debt, because they are an investment in your future. But too much of a good thing can hurt you. So, borrow as little as you need, not as much as you can.