It allows you to deal with a single monthly payment
instead of multiple payments which can be time - consuming and often leads to missed payments.
You make one payment to one lender with one deadline every month in
place of multiple payments to multiple creditors with multiple deadlines.
This can help make it easier for you budget, since trying to keep track
of multiple payment dates and amounts for multiple cards each month can be difficult.
Rather than keeping
track of multiple payments and interest rates each month, you only have to worry about making one payment — with one lower interest rate.
A spokesman for the governor, Matt Wing, said the money was the
first of multiple payments that Mr. Cuomo would receive for the book, although he would not elaborate about the overall size of the governor's book contract.
The monthly payment will probably be much less than the
sum of the multiple payments, and student loan consolidations usually have lower interest rates than conventional loans.
Ease of mind - having one monthly loan payment to think of is healthier for your state of mind, rather than
thinking of multiple payment dues in one month.
What's more, because you'd be paying one payment each month
instead of multiple payments, you would simplify your monthly money management and reduce the possibility of missing a payment, which could damage your credit rating.
A third reason some borrowers choose to refinance is to have only one payment, instead
of multiple payments each month.
A third reason some borrowers choose to refinance is to have only one payment, instead
of multiple payments each month.
You make one payment to the lender each month, instead
of multiple payments to multiple lenders.
The result is a single monthly payment instead
of multiple payments.
Simplification from only having one monthly payment to one lender instead
of multiple payments to various companies