What is Debt Consolidation ?
Debt consolidation means Securing a Loan to pay off many others.
Advantages of debt Consolidation
lower interest rate
Sometimes one fixed interest rate instead of many rates
One loan in place of Many loans
Debt consolidation often needs something as guarantee ,an asset that serves as collateral.So the risk of lender is reduced and it offers lower interest rates
Situations in which debt Consolidation Must be used
Credit card loans
personal Loans
Students loans
payday loans
Emergency Loans
Debt consolidation means Securing a Loan to pay off many others.
Advantages of debt Consolidation
lower interest rate
Sometimes one fixed interest rate instead of many rates
One loan in place of Many loans
Debt consolidation often needs something as guarantee ,an asset that serves as collateral.So the risk of lender is reduced and it offers lower interest rates
Situations in which debt Consolidation Must be used
Credit card loans
personal Loans
Students loans
payday loans
Emergency Loans
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