The deal with single lender rule and the single lender list
After the decision of choosing student loan consolidation and having a look at the market for those special offers, problems may still occur. The single lender rule may come into discussion and change it all
The single lender rule is something everybody wants to get rid of. More precisely, the single lender rule says that if a person has borrowed money more than once from the same lender, that lender is the only one capable to consolidate his loan. If its the case where the single lender rule does apply, it will mean that the person cannot choose a consolidation offer thats more convenient to him and that he is stuck with the same lender.
Campaigns to vote against the single lender rule were started and results are expected. It seems that more and more people are against the single lender rule and want it abolished. As there are many online resources which offer information about the single lender rule, student loan consolidation sites are becoming very popular also. To try and eliminate the single lender rule law, people can contact their congressperson and tell them personally how they feel...
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