With a debt consolidation loan, you’ll only owe one lender instead of multiple. FromSlate One option may be consolidating your credit cards under a 0% balance-transfer card or a debt consolidation loan, which saves money on interest and frees up additional cash. FromSeattle Times But borrower...
debt consolidation loan From Longman Business Dictionaryˌdebt consoliˈdation loan a loan used to pay back a number of existing loans, so that payments are only made to one lender instead of to severalIf they’re applying for debt consolidation loans to pay off their credit cards, we ...
The meaning of CONSOLIDATE is to join together into one whole : unite. How to use consolidate in a sentence.
When you choose toconsolidate your debt, it will come with additional costs. Understanding them can help you create a strategy to pay off it off for the least amount of extra money. Here are a few things to keep in mind: A Lower Interest Rate on a Debt Consolidation Loan May Increase ...
intransitive verbTo make a loan. idiom(lend a hand) To be of assistance. idiom(lend (itself) to) To accommodate or offer itself to; be suitable for. from The Century Dictionary. To land; arrive; dwell; stay; remain. nounA Middle English form ofland. ...
from a wide range of sources.They took out a loan to consolidate their debts.The company is planning to consolidate its business activities at a new site in Arizona.—consolidation/kənˌsɒləˈdeɪʃən$-ˌsɑː-/noun[countable, uncountable]the consolidation of political ...
That new loan you take out is called a ‘consolidation loan.’Debt Financing Raising funds by either taking out loans or issuing bonds.Debt Ceiling The maximum amount of money a government is allowed to borrow, as legislated by its governing body. We also refer to it as the debt ceiling....
Consumer Debt Consolidation When it comes to the consumer market, consolidation relates to a transfer of debt. This happens when several debts are combined together into a single loan. A lot of times, this can come in handy since the debt transfers from multiple creditors to a single point of...
Direct Consolidation Loans These loans allow a student or family tocombine all eligible federal student loansinto one loan with a single service provider and loan payment. Direct consolidation loans also provide access to additional loan repayment programs.4 How to Get a Federal Direct Loan Toobtain...
credit cards, or other types of debt, and debt cancellation is not an option, then it’s important to consider all the solutions available to you. Seeking debt relief, for example, may allow you to take advantage of things likedebt settlement or debt consolidationfor managing outstanding obliga...