Student loan consolidation is the process of unifying several loans with different rates and terms into a single loan with a single payment.The blended interest rate is determined by calculating the weighted average interest rate of the original loans (meaning higher balance loans have greater impact).
I had a few questions that Earnest was able to answer through text or email, which is very convenient! I started my refinance project with a competing lender (rhymes with Lo Hi) and wish I would have skipped them altogether. Glad I came to Earnest, who recognized and rewarded my creditworthiness that I've worked hard to achieve.
The experience seemed more personal, and they staff and customer service I had received from the staff with online interactions was excellent.
Always prompt with replies and seemingly happy to help.
It's like a burden has been lifted off my shoulders! Rates and terms of very competitive and have reduced the overall amount I have to repay.
What makes Earnest shine are all of the configuration options throughout the lifespan of the loan.