Specializing in Delinquent and Defaulted Student Loans
Student Loan
Consolidation
Typically, when student loan consolidation is discussed, we refer to the federal program called the Direct Consolidation Loan, which also gives you access to the Income-driven repayment plan. Private student loan consolidation is when you combine all your current private loans into a single refinanced loan, typically with a better interest rate and terms. That is how Yrefy can help you.
Reasons Why Private Student Loan Consolidation
with Yrefy Makes Sense
Get a Low Fixed Interest Rate
By combining all your current private student loans into a single refinanced loan with Yrefy, you can get a low fixed interest rate of 0.1 - 5.99%.
Pay Off Your Loan Faster
When you consolidate all your student loans into one loan with Yrefy, you can take advantage of your new lower interest rate and better terms to pay off your loan faster. You can choose to pay extra each month or shorten your loan terms to pay it off sooner.
Get Lower Monthly Payments
Our student loan consolidation calculator above will demonstrate and compare your current loan balances and interest rate to a new combined Yrefy refinanced loan. This comparison will demonstrate how much lower your monthly payment can be with your new fixed interest rate from Yrefy.
Simplify Your Finances
When you refinance and combine all your private student loans into one loan, you will only have to keep track of paying one lender instead of paying multiple lenders at different times throughout the month. Also, keep in mind what you can do with the extra monthly savings: pay off your high-interest credit cards, buy a house, a car, etc. We help you simplify your private student loans and payments.
See if you qualify for refinancing
Apply for student loan refinancing
How Loan Consolidation Works with a
Yrefy Refinanced Loan
Four simple steps to transform your student loan debt into a manageable financial plan and help you plan for the future.
Call us or apply online
You can fill out our simple form online or call us to start the process. Our goal is to provide you with an easy solution to get started. When you call us, you will speak directly with one of our loan specialists in Arizona.
Speak with a specialist
Every borrower gets their own dedicated loan specialist to help guide you through the refinancing process. Our specialist will collect the details on all your private student loans you have.
Start qualification
Getting started with the qualification process is simple, and we are here with you every step of the way. We keep you informed at every step to get all your current private student loans combined into one loan with Yrefy.
Get out of debt
With a lower fixed interest rate on your total student loan balance, you will have a lower monthly payment and loan terms to help you get out of debt faster.
Talk to a Person
Why Choose Yrefy?
| Yrefy | Traditional Lenders | |
|---|---|---|
| Target Borrower | Defaulted or delinquent private loans; low/bad credit | Generally requires good to excellent credit (670+) |
| Credit Check | Soft inquiry to explore options; focused on the full financial picture | Hard inquiry; score heavily weighted in approval decision |
| Minimum Credit Score | No set minimum - bad credit borrowers considered | Typically 650–700+ required to qualify |
| Rate Type | Fixed rate | Fixed or variable |
| Cosigner Option | Yes! Co-borrower release available after qualifying payments | Yes - often required for low-credit applicants |
| Repayment Plans | Custom repayment plans tailored to the borrower | Standard plans determined by lender terms |
| Defaulted Loans | Yes - specializes in defaulted/delinquent private loans | Rarely accepted; usually requires loans in good standing |
| Federal Loan Refinancing | Private loans only | Private loans; some accept federal (converts to private) |
| Loan Consolidation | Yes - private loans only | Yes - private loans; some accept federal (converts to private) |
Frequently Asked Questions (FAQs)
Can I refinance both federal and private student loans?
Yes, some lenders can combine both federal and private student loans into one new refinanced loan. Keep in mind by refinancing your federal loans into a private loan, you will lose all federal benefits on your federal student loans. Yrefy only consolidates your private student loans. We do not offer a refinancing option for federal student loans at this time.
How does student loan consolidation work?
Typically, federal student loan consolidation allows borrowers to combine multiple federal loans into a single Direct Consolidation Loan, creating a single monthly payment and potentially enabling access to new repayment plans. There is no application fee, and no credit check is required. Loan consolidation of federal loans is offered by the U.S. Education Department and averages your current loan rates into a single rate with a single loan.
When to consider student loan consolidation?
You might consider consolidating your private student loans into one refinanced loan in these situations:
1. You have more than one private student loan, and you are juggling payments between them.
2. Your current private student loans are higher-interest-rate loans, and you want a lower fixed interest rate.
3. You currently have variable interest rates, and they are making budgeting difficult.
4. You want a lower monthly payment that can be provided by obtaining a lower fixed interest rate.
5. You are in student loan delinquency or default and want to refinance to get out of default and get a lower monthly payment.
What are the disadvantages of consolidating loans?
Typically, with federal student loan consolidation, you will see a longer repayment period, pay more interest on the loan, and potentially lose certain borrower benefits.
Is it worth it to consolidate private student loans into one refinanced loan?
This depends on your financial situation. Refinancing multiple student loans into a single loan may be a good option if you are looking to lower your monthly payment, get a fixed interest rate, pay lower interest over the life of your loan, or obtain a shorter repayment period. All of these benefits can be obtained with a student loan refinance through Yrefy.
Bad credit shouldn't stop you
from getting financial relief.
We work with borrowers of all credit backgrounds to find flexible
refinancing solutions with affordable monthly payments.
Talk to a Person
Refinancing Options We Offer
Bad Credit
We specialize in default and delinquent student loans. Learn more about how Yrefy works and what makes us unique.
Consolidation
We can help you consolidate multiple private student loans into one loan with a low fixed interest rate.
No Cosigner
We offer no cosigner private student loan refinancing options with low fixed rates.
Undergraduate
There are many undergraduate private student loans we help refinance and get you a lower rate.
Graduate
Graduate schools student loans can be expensive especially for business or medical school.