I have three private loans with Sallie Mae the first one is 13.25% and the other two are at 10.25% I’ve been paying them since 2006. I was unable to consolidate in 2006, 2007, 2008, 2010, 2011. I’m at a point were I can only afford interest only payments nothing towards principal because I can’t afford it with rent and my other bills. I don’t have any credit card debt and my credit rating is “fair” on the boarder line of good. I did have a bankruptcy in 2005 on CC debt and since then, I’ve reestablished myself racked up CC debt on purpose and just paid off $7,600 to boost my credit scores. I’ve tried wells fargo, Chase banks and no one will consolidate these loans because they are making so much money off me. I’m stuck, I can’t even get a home until these private loans are paid off. I dont know what to do Steve. I’m drowning. I just want to pay off the debt and be free and stop interest only payments. I need HELP please!
Who can I reach out to for consolidation help on variable loans I have three and I can only afford interest payments ever month to keep my head above water.
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