The simple process of combining debts into a favorable and single monthly payment plan is called debt consolidation. (ovlg.com)
Combine this debt with a poor job market, not to mention the other expenses of living and perhaps undergraduate debt, and you may find yourself in financial crisis. (lawyerist.com)
Debt consolidation is an effort to combine debts from several creditors, then take out a single loan to pay them all, hopefully at a reduced interest rate and lower monthly payment. (debt.org)