Wachovia Consolidate Loans

If you've found yourself paying big monthly payments on several different loans, talk to Wachovia to consolidate loans into one monthly payment. Even if you don't have existing loans with Wachovia, you can use Wachovia to consolidate loans and get closer to being debt free.

Homeowners can take advantage of their collateral and use Wachovia to consolidate loans. If you're not a homeowner, you can still work with Wachovia to consolidate loans. You may use alternate forms of collateral, such as stocks, bonds, or valuable items to secure your loan.

Wachovia consolidates loans for students, too. If you're just starting out on your own, you'll need every penny you can save, but paying back your student loan can really cut into your budget. If you need to reduce your monthly payments, you should let Wachovia consolidate the loans to help you pay less toward your student loan and have more money for the things you need and want.

If you're a recently graduated college student with a student loan, the best time to talk to Wachovia to consolidate loans is during the grace period before your repayment begins. If you consolidate loans early, you can start out with low monthly payments. If you have a PLUS loan, you can even consolidate before you've graduated.

To qualify to use Wachovia consolidate loans for your student loan, you must be a college student, graduate or parent with at least one eligible federal loan and no loans in default. If you have questions about what type of loan you have, you can visit the National Student Loan Data System and find out important information about your student loans.

If you use a Wachovia consolidate loan to manage your student loan debt, your repayment is simplified. You won't have to keep track of bills from multiple lenders; your Wachovia consolidate loan payment goes to one place. You can also choose to extend your loan term to up to 30 years with flexible repayment options. There's no penalty for early payment of the loan, and you can easily make extra payments or change your loan term.

You'll have a few different repayment options to consider when you're applying for a Wachovia consolidate loan. Along with familiar standard repayment options, there are special options tailored for recent graduates. With a graduated repayment, your Wachovia consolidate loan payments are smaller at the beginning and gradually increase. With an income sensitive loan, your payments are based on your income and your total loan amount.

Applying for a Wachovia consolidate loan is easy and fast. You can apply online if you have all of your loan information handy, or you can call Wachovia to discuss your loan options if you need assistance. If you accidentally forget to include one of your loans with your application, don't worry! You can add a new loan to your Wachovia consolidate loan within 180 days of your loan application.