Talk:Debt consolidation

Error in Student Loan section
The article states that the current low for US Stafford student loan rates is 4.7%. My rate is only 4.21% through Edsouth Financial services, and it is likely not the lowest. —Preceding unsigned comment added by 12.216.253.87 (talk) 19:38, 9 February 2009 (UTC)

Topgun9 05:15, 3 February 2006 (UTC)
 * Topic: Should this article have a link to debtconsolidationcare.com/forums/
 * My opinion: Yes, since
 * A. The public forums are a great resource
 * B. Other articles like the one on Credit score also have links to public discussion forums.
 * Disclosure: I am a forum admin at debtconsolidationcare.com/forums/ for the last 18 months and I get great satisfaction from helping people and reading testimonials like: debtconsolidationcare.com/testimonials/

Topgun - This seems to cover several articles, so I'll respond on your talk page. - brenneman (t) (c)  05:22, 3 February 2006 (UTC)

Topgun9 I see that you have removed the link. Can you please respond here. Since I think that will help us keep this discussion focussed and organized.

Ok, first I'd ask if you have looked over these guidelines. - brenneman (t) (c)  05:44, 3 February 2006 (UTC)
 * What Wikipedia is not
 * Spam
 * External links
 * When should I link externally

What is usdebtservice.com doing in the links? Looks like spam to me -JBHD June 2, 2006...

Accuracy of this statement
Is there a source for the following claim?
 * SLM Corporation (formerly Sallie Mae) does not report to Experian or Transunion, which means that students will have differing credit scores at Equifax, Transunion, and Experian.

TransUnion seems to know perfectly well about my Sallie Mae loans. Tyler 10:49, 2 March 2006 (UTC)

Another Really Great Site
I was doing some reasearch on debt consolidation and I found a web site that has really great tips on how to go about consolidating debt it is:

debt-consolidation-insight.com/10tips1-3.php

I found it really useful. Check it out and lets talk about it.

Monkeyknowledge 05:37, 27 February 2007 (UTC)
 * Doesn't look useful to me. It's just an affiliate link. -- zzuuzz(talk) 10:34, 27 February 2007 (UTC)

Did you even read the content? Go back and read the content. Read all 10 tips. They make sense and tell you what is really going on when you consolidate your debt.

For instance Tip two and three tells you that consolidation companies lower the monthly bill by extending the loan period but that they earn far more intrest by doing so.

Also wikipedia uses tags which makes all of their outbound links void when it comes to affiliate links. So this link would not aid the pages ranking in search engines.

71.38.231.80 23:05, 27 February 2007 (UTC)

References/citations
There is only one reference in the entire article, and for a very specific topic. I'm not necessarily disputing the information present, but it requires citations to validate the information. Halogenated (talk) 05:12, 19 March 2008 (UTC)

Tone
Much of the article is written in a second person, how-to style. I suspect this problem will go away naturally when that material is replaced with sourced content.--Gimme danger (talk) 13:49, 12 February 2009 (UTC)

UK Student Loans
The US situation appears to be very different, judging from this article, but government-backed UK student loans have nothing to do with debt consolidation per se - you do not need to have any debt at all before taking a student loan. I don't think they are at all relevant to this article. I'll remove all references if no-one has any objections. Stopthief (talk) 21:38, 17 August 2009 (UTC)

IMHO this paragraph should be deleted in its entirety
I was surprised to find it in the opening of the article. It makes no sense, cites nothing, and is quite frankly inappropriate. What "debt consolidation companies"? Who "buys" the loan, and for what "discount"? How does it change the debtor's "ability to discharge debts in bankruptcy" and why? I say, with years of experience in debt consolidation loans, this paragraph be removed:

"Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully." — Preceding unsigned comment added by Evanbroox (talk • contribs) 02:39, 21 June 2014 (UTC)

Debt Consolidation Guide
Hi. The page covers all information related to the debt consolidation. I just wanted to ask if you can add a reference link related to debt consolidation guide just like this Debt Consolidation document, containing guidelines about consolidating debts.