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In the absence of any satisfactory method, loanproviders will prefer not to lend. Some lenders placerestrictive conditions on students in order to deter studentsfrom using the facility. Age restriction like upping the age ofstudents who can use student loan debt consolidation is one suchtactic.
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Might be you feeling overwhelmed with debt? May be you paying out too much every month for your credit cards, store cards and loans? Then why not replace them all with one, lower, manageable repayment with a Debt Consolidation Loan? ...
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Another point of disqualification is the lack of stable income.Stable income to enable regular payments is a prerequisite formost loans. This can be mended if the student shows that he isinvolved in some part time jobs. With guardians guaranteeingrepayment, in case the student fails to do so, the problem isoffset to a large extent.
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