This post is was originally published on The Penny Hoarder
Adult people, you know that moment when you’re getting snuggly with your boo… maybe things are, you know, heating up? And then…
You see that family photo on your dresser with your Grandma May smiling right at you.
Yeah. It’s going to be another night of Netflix ’n’ just Netflix.
Student Loan Debt Is Killing Your Libido
Apparently, a grandmother’s watchful eye isn’t the only thing crowding us out of the bedroom these days.
In a recent survey by Student Loan Hero, about a third of respondents said they’ve experienced a low sex drive because of their student loan debt.
You’ve got to get this monkey off your back.
How to Repay Student Loan Debt So You Can Have Sex Again
The last thing you want to worry about when you slip into a new negligee and pour a couple glasses of wine is your next student loan payment.
(See how terrible they sound together just in that sentence? Imagine it in the moment. Yikes.)
Here are two simple steps you can take to get your student loans under control, so you can put them out of your mind and keep your focus on more pressing matters.
1. Refinance Student Loans to Reduce Your Monthly Payment
Refinancing your student loans basically means replacing your binders full of loans with a single new loan from a private lender. That also means just one monthly payment.
You can see refinancing options through a marketplace like Credible, which will show you offers from a variety of lenders in one place. Checking offers doesn’t ping your credit score, and you won’t be signed up for anything without your consent.
Along with simplifying the process, refinancing could help save you money — today and/or in the long run.
Starting fresh on your loans could help you:
- Owe a lower monthly payment, in case you’re struggling to keep up with payments now.
- Get a lower interest rate, which means you’ll pay less over the life of your loan.
Feeling sexier already? Find your new interest rate and loan options at Credible, and get back in the game, tiger!
2. Keep an Eye on Your Credit Score
You’ll probably want to see how good your credit score looks after you get those student loan payments under control.
I’ve heard self-confidence is a serious libido booster.
You can always request those free credit reports from the bureaus or pay to get your credit score. But it’s 2017. These things are much easier now.
To keep an eye on my score, I use Credit Sesame. The free app shows me my TransUnion credit score and a credit report card with monthly updates.
This way, I can see everyone I owe money to — my student loans, my auto loan, that credit card debt from college… Credit Sesame also offers suggestions for ways to improve my credit score, like applying for a secured credit card or refinancing my auto loan for a better interest rate.
I’m not making any guarantees, but you should know my relationship is in excellent shape.
Bankroll in the Hay
I hope these help get you back on track.
I’d hate to think 33% of you are lying in an empty bed worrying about student loan debt. Life’s simply too short.
Dana Sitar (firstname.lastname@example.org) is a senior writer/newsletter editor at The Penny Hoarder. Say hi and tell her a good joke on Twitter @danasitar.