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Debt Consolidation |
Also found in: Wikipedia | 0.07 sec. |
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Debt Consolidation The action of combining several loans or liabilities into one loan. Put another way, debt consolidation is the process of taking out a new loan to pay off a number of other debts. Most people who consolidate their debt are usually doing it to attain a lower interest rate, or the simplicity of a single loan. Also known as a "consolidation loan". Notes: This is common among companies or people with credit problems (maxed-out credit cards, car loans, student loans, etc.), who combine all their debts into one loan to create greater ease in repayment. In the case of credit card debt, this can often be advantageous since credit cards generally carry a high interest rate. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Credit consolidation in the cable industry and in-creased competition from telephone companies for The speedy transition to speedier hookups According to Russian news agency Prime-Tass, GS bought a stake in Russian debt-collecting agency ZAO Sequoia Credit Consolidation. |
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