Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,272,271 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

consolidation loan
(redirected from Loan Consolidation)

    Also found in: Dictionary/thesaurus 0.01 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.
consolidation loan

A new loan that pays off two or more existing loans or indebtednesses, usually resulting in lower payments.Home equity lines of credit are often marketed as consolidation loans, urging consumers to pay off high-interest-rate credit cards and automotive debt for lower-interest-rate, tax-deductible, mortgage debt.While the practice does reduce monthly payments significantly, it replaces relatively short term debt with long-term debt and results in higher total interest payments over time.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Private student loan consolidation provides the opportunity to simplify finances and lower monthly payments and interest expenses.
Fynanz Introduces New Consolidation Program for Private Student Loans by PR Newswire
Of several means to mend your dented credit status, student loan consolidation is the most preferred choice.
Shake Off Your Defaulter Status Through Student Loan Consolidation by Peter Paul / Advertising, marketing, public relations community
Federal student loan consolidation is the most sought after option to lower the figure of monthly installment and lengthen the period of repayment.
Federal Student Loan Consolidation ? An Ideal Solution by Peter Paul / Business community
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.