consolidation loan


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Related to consolidation loan: Debt consolidation

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.

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The subject of the order is the service of granting a long-term consolidation loan for the town and commune of drobin in the amount of pln 9 239 000 (in words: Nine million two hundred and thirty nine thousand zlotys zero grosz) for the repayment of liabilities under the title.
Granting A Long-term Consolidation Loan (poland-drobin: Credit Granting Services)
Raju, however, points out that with credit card debts racking up 40 to 50 per cent per annum in interest liability, it may be worth pursuing a consolidation loan.
Debt consolidation: will it work for you?
Private student loan consolidation is the process of having one or more existing private loans paid off by the creation of a new single consolidation loan with new terms and conditions (such as repayment length, interest rate, repayment benefits, etc.
College funding FAQs
Trading Standards officers advise people to look closely at the duration of the consolidation loan and the total amount payable.
Trading Standards issues debt broker warning
When you're looking at your finances, you may decide that a debt consolidation loan would help you to plan for the future more effectively.
New Year - New Budget
95), suggests, "When looking for a consolidation loan, tap into your existing bank and credit union relationships.
Debt consolidation
The group said 85 per cent of people who took out a debt consolidation loan were not asked by their lender about using it to pay off their existing debts and it called on banks to at least warn people about the dangers of not doing this.
The debtor's road to ruin; PERSONAL FINANCE
The interest rates were also hiked on July 1 for consolidation loans.
Summer conference report: three major higher ed organizations converged in Honolulu to discuss the 'Campus of the Future,' while financial aid officers took the pulse of the economy
Her concern is whether she can get a six-month grace period from repayment on a consolidation loan after graduation.
Increasing student loan rates will harm minorities, experts say: some interest rates may increase by 2 percentage points
5 billion in FFELP consolidation loans, and an estimated gain to the federal government of $620 million if the projected FFELP consolidation loan volume of $25.
Student Consolidation Loans: Potential Effects of Making Fiscal Year 2006 Consolidation Loans Exclusively through the Direct Loan Program
Perhaps MPs could also cast an eye over the advertising of consolidation loans.
`a law that wipes clean all credit card debt ...'
All too often a consolidation loan simply compounds the problem.
Debt firms face OFT scrutiny

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