This is kind of tricky for me to actually talk about. As most of you know, I am the Director of Social Media Content for Lending Club. One of the items we push over there is financial responsibility. That goes for school loans, credit cards, bills, debt, etc. Now Lending Club is one of the hottest new p2p lending sites around. In fact our COO, John Donovan did another interview this morning for a blog called Social Lending Watch.
That being said, there still is a lot of important things to consider when going for a school loan consolidation. Consolidating your debt is one of the necessary steps you need to take in order to help your FICO score and actually to help you become a member of the Lending Club community (Facebook login required).
One of the main things to remember, just like when you are being tempted for a store card or private label card – is to keep an eye on the interest rate!
Technically Speaking, I think I have said plenty here. Enough for you to at least ponder. :)
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