Your bad credit rating need not stop you from putting your finances back on track and getting the best refinancing deals, such as college-loan consolidation. Yes, even with less-than-perfect credit, many companies are willing to help you simplify your college loan repayment terms and enjoy lower interest rates

Consolidation can work wonders in getting your finances back on track. By combining all your loans and paying them with from your different creditors, loan consolidation companies simplify your payment terms so that you only have to deal with one creditor (them) and one interest rate. And because you now only have one creditor, your overall FICO credit rating significantly improves.

With consolidation, you can decrease your monthly payables by as much as fifty percent by extending the standard repayment plan to up to thirty years, so that you can slowly rebuild your credit. Interest rates imposed by consolidation companies are now as low as ever