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Debt Relief – Insolvency – Bankruptcy Information » Student Loan Help » Is Fynanz (custudentloans.org) private student loan consolidation program legitimate?

Is Fynanz (custudentloans.org) private student loan consolidation program legitimate?

I’ve been looking around forever for companies that offer private student loan consolidation. I could never get approved before, because I didn’t have a cosigner. I finally have a cosigner with a high credit score and high income. I also have a credit score in the mid 700s.

I’ve never heard of Fynanz and I’m just now reading up on p2p lending institutions. It is a new concept to me. I can’t find a single review of their program. Does anyone have any information on them?

The terms they list are ridiculously good compared to any previous options and especially compared to the only other current option Wells Fargo. Interest rate between 4.75 and 7.25 percent and cosigner is released after 12 months of on-time payments.

My loan balance is $34,000 and the interest rate is a whopping 14 percent.

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One Response to "Is Fynanz (custudentloans.org) private student loan consolidation program legitimate?"

  1. Frankie Eybsen says:
    I work in the loan industry and have worked with Fynanz many times. Let me see if I can clear this up for you.

    Their rates tend to be better than other lenders because the loans come from not-for-profit credit unions (the cu in custudentloans stands for credit union). That is probably the main difference that you are seeing which is obviously not advertised by larger for-profit lenders.

    You can email them yourself for any specific questions at customer.care@custudentloans.org. Everyone I’ve ever talked to there has been really helpful.

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