Sentences with phrase «involves multiple debts»

Refinancing and consolidating are almost the same except for one key difference: Refinancing involves one debt, while consolidating involves multiple debts.

Not exact matches

Puerto Rico's total public sector debt adds up to 104 percent of GDP and it's multiples of the roughly $ 20 billion involved in Detroit's restructuring, for example.

Debt consolidation typically involves getting a lower interest loan to pay off multiple high interest secured or unsecured debts, such as credit cards or payday loans.

But, when there are 13 figures worth of debt involved, chances are the ramifications are far - reaching and span across multiple generations.

All of them involve bringing your multiple existing debts under one account.

Basically, a credit card balance transfer involves exactly what it says - transferring the balance of multiple debts to a single card.

Refinancing involves taking out a single, new loan to pay off all or a portion of outstanding student debts to achieve a lower cost of borrowing, a more amenable repayment term, or a consolidation of multiple -LSB-...]