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The Best Student Loan Consolidation Company in the Market

The Best Student Loan Consolidation Company in the Market

Every student looking for a favorable refinancing deal from its student loan consolidation would go for the best company. Today, there are some student loan consolidation companies in the market offering varied services to their clients. The student loan consolidation companies help students to consolidate their loans. Based on the market review, the best student consolidation company is SoFi Company.

Features

SoFi Company

This company is a social finance company that offers students with anextensive range of kjkjkjkjkjjkjkjproducts including personal loans, mortgages, and loan consolidation and refinancing among other types of loans.

The company is currently the best private student loan consolidation and refinancing institution having student loan refinance of over $3 billion.

Refinancing plan options

SoFi provides a broad range of options that students can choose from including short-term repayment periods, long-term repayment periods, mixed interest rates, fixed interest rates, variable interest rates, and a complete bag of other services you may want for your student consolidation package.

Loan consolidation

The company consolidates and refinances private and federal loans. Just like the most of other student loan consolidation companies, SoFi does not charge any fees for consolidation of student loans. What makes it stand out is the fact that students who register with the company save as much as $18,936 in average.

Provision of unemployment protection

This student loan consolidation company has a provision in their terms that protects you from repaying your loan when you lose your job. If you lose your job after beginning to repay your loan, the company allows you to stop your loan repayment temporarily until you get a new job. It also helps you find a new job if you so wish to seek their assistance.

Provision of career support

Among the benefits that SoFi Company gives to students using their services include career support. This package involves support such as career counseling, negotiating tactics, resume review, and coaching on interviews when seeking employment. The company also has a robust entrepreneurship program that helps students to exploit their skills and innovation to create jobs and be able to generate income and repay their loans.

Customer support

lkmmnbbbbbSoFi Company also stands out as the best student loan consolidation company because of its excellent customer service. Its customer support services include a simple online application with a pre-approval process to let you know in advance if you qualify before completing the full application.

Students can also access live customer support seven days a week. This customer support system leaves the customers with an easy experience.…

How You Can Get a Loan with No Credit History

How You Can Get a Loan with No Credit History

Getting a loan for the first time can be frustrating. This is because most lenders operate on behavioral scoring loan appraisal system that studies your history and peg your loan limit to your credit score. This form of underwriting is important as it curbs loss of revenue due to credit risks. This explains why most financial institutions would be shy from being your first lender. They don’t have any of your credit history. Does this mean that you will not get any loan if you have no credit history? No, you simply need to learn how to avail of no credit history loans.

Taking out a loan with no credit history

1. Request a friend or family member to list you on their credit card as an authorized user

ss6shgsssThis process is easy as it doesn’t approval from the credit card company. The primary credit card holder simply adds your name to his credit account as an authorized user. As a result, you will be issued with a credit card with your name embedded on it. This way positive credit reports will be submitted to the credit reference bureau every time you use the card. This will boost your credit limit and give you access to loan facilities.

2. Ask a friend or family to co-sign

This is one of the best ways of how to avail of no credit history loans. Simply request someone who has good credit ratings to co-sign for a loan in order to boost your chances of qualifying. Getting this person will not be easy because the loan will bind him legally. This means that, if you happen to fail to pay your loan installments his credit line gets smudged. Therefore, the person must be able to trust you enough to co-sign a loan with you.

3. Apply for a secured credit card

In this case, you will make an application to the credit card issuer. You will be required to bank a security deposit that will match your credit limit. In most cases the deposit could average $300 to $500. This deposit will act as security against your credit card line. This way, you will be able to build your credit history as you use the credit card.This will open doors for you to access loans with high credit limits.

hgshgs67shgsIn summary, you do not have to worry on how to avail of no credit history loans anymore. We have noted that many lenders avoid issuing loans to first timers. Therefore, it is important that you use any of the above-suggested methods to boost your credit history. Little by little your credit score will grow, and you will be able to access loans with a high credit limit.

You can also consider payday loans and get a loan with no credit history.…