Is it possible to consolidate debt overseas?

sah1012 · #1 (**permalink**) 03-20-2008, 10:55 AM

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

realworldknowledge · #2 (**permalink**) 03-20-2008, 11:42 AM

Pounds or Euros? Are you asking because you feel the dollar will increase In value?

sah1012 · #3 (**permalink**) 03-20-2008, 01:22 PM

Quote:

Originally Posted by realworldknowledge

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?

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