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Consolidation loan
(redirected from Debt consolidation)

   Also found in: Wikipedia 0.02 sec.
Consolidation loan
A loan that is used to combine and finance payments on other loans.

Consolidation loan
A loan that pays off two or more loans. A consolidation loan often comes with a lower monthly payment and/or interest rate than the previous loans, as well as a longer repayment period. The process is usually called debt consolidation, and is often used for student loans.


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Debt consolidation would not be a good idea because your situation is not severe.
As a result of the one-year agreement with NPDF, First Hallmark will serve as the exclusive lender for mortgages, refinancing and debt consolidation and will waive its application fee of $349 for members of NPDF and law enforcement personnel living in New Jersey, New York, Pennsylvania, Maryland and Florida.
Both bids include "industrial and financial aspects" such as debt consolidation and cash or cash equivalents, Vivendi said in a statement.
 
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