With interest rates rising, there’s no better time to refinance student loans.

Student loan refinancing allows you to combine your existing federal and private student loans into a new, single student loan with a lower interest rate.

Refinancing can lower your monthly payment and interest costs, which can help you pay off your student loans faster.

Why should you refinance a loan?

When you first took out a loan, your credit score was a major factor in your repayment term and interest rate. Your loan might have a variable interest rate, which fluctuates depending on how the market changes. If you received a loan when the market was up, your interest rate was probably up too (and vice versa).

Refinancing a loan is beneficial if it lowers your interest rate or perhaps your monthly payment.

If you’re looking for a lower rate THD Credit Consulting can help you get started. Just give us a call at (800) 822-7120.