Credit consolidation refers to the process of combining multiple debts or loans into a single payment. It helps simplify managing and repaying debts by merging them into one loan, typically with a lower interest rate. This can help individuals or businesses regain control over their finances and pay off their debts more efficiently.
Full definition
Synonyms for individual words can be found below.
«credit»
«consolidation»
Phrases with «credit consolidation»
Sentences with «credit consolidation»
- However bad credit consolidation loans typically come with a high interest rate, often as high as 12 to 18 %. (hoyes.com)
- Bad credit consolidation loans above $ 15,000 are risky. (hoyes.com)
- An added benefit of credit consolidation loans is that rates on them are typically considerably lower than those on credit cards. (debtmerica.com)
- (see all
sentences)