I need some advice consolidating or reducing my debt
Hi SOAPLADY, I have taken out several student loans from Sallie Mae in order to graduate from College. I have about 50,000 in student loans, and also 10,000 in credit card bills that I have accumulated through out the years. I was lucky enough to find a job right out of college, but it is not paying me enough to pay off all of my bills and have left overs for living expenses. My credit has really gone down since I have struggled to make payments on time. My parents co-signed for me on my student loans so when I cannot make a payment on time, they call and harrass my parents for money. On top of that, I have a 12% interest rate on my student loans. I am paying almost $350 a month just in interest. At the rate I am going it will take me over 14 years to pay everything off. I\'m already stuggling as it is and cannot afford housing. I am trying to find a way to consolidate everything to make one monthly payment without the high interest rates. I am a faithfull bill payer and am looking for a way to pay my debts off quickly. Any advice?