Definitions for "debt consolidation"
The process of combining a number of loans and other liabilities into one loan....
A process of combining debts into one loan or repayment plan. Debt consolidation can be done on your own, with a financial institution or through a counseling service. Student loans are often consolidated in order to secure a lower interest rate. (See Debt Counseling and Debt Settlement)
The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. also called consolidation loan. see also consolidation.
Debt Management Defaults Discharged Bankrupt
Replace multiple arrears with single finance.
The combination of several debts into one single debt. This is done to reduce interest payments and get debts paid faster.
Defaults | Deposits | Discounted Rate Mortgage