Finally, the loan typically comes with quite low annual interest rates. (valuepenguin.com)
Another problem with debt consolidation loans is that although they may offer lower annual interest rates, they usually come with a longer repayment term. (poorerthanyou.com)
Most credit consolidation loans have a significantly lower annual interest rate because they take many small loans and combine them into one big one, and reduce the risk of default. (debtmerica.com)