Should I consolidate? bad credit and Wells Fargo is hammering me

[paco]

I have a 5000 student loan with Wells Fargo. THey are bangin me for 14.1 percent. Basically of my 88 dollar payment 60 is goin to interest alone. Ill never pay this loan off at this rate. I know i should make larger payments but can I consolicate and get a better rate with a 538 FICO? what do i do? where should i try and consolidate?

[LynnInMN]

I have a 5000 student loan with Wells Fargo. THey are bangin me for 14.1 percent. Basically of my 88 dollar payment 60 is goin to interest alone. Ill never pay this loan off at this rate. I know i should make larger payments but can I consolicate and get a better rate with a 538 FICO? what do i do? where should i try and consolidate?

 

Sounds like your Wells Fargo is a private loan. You cannot do a federal consolidation with a private loan.There are a couple of places that do private loan consolidations but you will need to do a google search for them.