3/08/2009

Does loan consolidation include car payments?

If a person had a couple different student loans to pay back after college and he/she bought a car, then went to a loan consolidator, would the remainder of the money owed on the car be lumped into the consolidation or no?


Depending on the lender as to how they would consolidate. I am not sure about car payments, but some will consolidate loans based on the value of the car or mortgage.

The best way to find out is try consolidating and see what they tell you.

You need to ask the company you used for consolidating your debt.

Only eligible student loans are consolidated; all other loans will remain as is.

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college loan consolidation