Go Back   The Finance Forums: Financial planning, debt help, loans, mortgages, retirement and 401k, investment, and general finance discussion forums > Finance forums > Debt


Debt Discussions about debt and how to deal with debt.

Reply
 
Thread Tools
  #1 (permalink)  
Old 03-20-2008, 02:55 PM
sah1012 sah1012 is offline
Junior Member
 
Join Date: Mar 2008
Location: NY, USA
Posts: 2
Default Is it possible to consolidate debt overseas?

I'm wondering if it would be possible to consolidate my HIGH student loan debt with, using a cosigner, an English bank, where the currency is worth twice our dollar. Also, if so, would it be practical to do so?

Thanks
Reply With Quote
  #2 (permalink)  
Old 03-20-2008, 03:42 PM
realworldknowledge realworldknowledge is offline
Junior Member
 
Join Date: Mar 2008
Location: VA, USA
Posts: 28
Default Re: Is it possible to consolidate debt overseas?

Pounds or Euros? Are you asking because you feel the dollar will increase In value?
Reply With Quote
  #3 (permalink)  
Old 03-20-2008, 05:22 PM
sah1012 sah1012 is offline
Junior Member
 
Join Date: Mar 2008
Location: NY, USA
Posts: 2
Default Re: Is it possible to consolidate debt overseas?

Quote:
Originally Posted by realworldknowledge View Post
Pounds or Euros? Are you asking because you feel the dollar will increase In value?

Pounds. But, you know, now that I think of it, I'd be paying monthly in dollars; so, short of moving to the UK - an option - just consolidating overseas doesn't seem like it would do much.

Update: One idea though is consolidating in a country where I might be charged a much lower interest rate than in th US. I'd think a less wealthy country would have lower rates, to compete for the US dollar?

Last edited by sah1012; 03-20-2008 at 05:28 PM.
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


» Boards




All times are GMT +1. The time now is 03:49 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.0.0 ©2007, Crawlability, Inc.