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Student loan debt has soared in recent years along with college costs.
When consolidating credit card debt, the name of the game is to get lower interest rates than those charged by your credit cards.
Online lenders require you to fill out an application and, based on your verified information, will offer you an interest rate for the loan.
Acceptance isn’t guaranteed, and interest rates can range as high as 29%.
Cosigners should be wary when the agree to this arrangement.
Some lenders will offer consolidation loans to those with lower minimum credit scores than mainstream lenders.