Debt refinancing refers to the process of paying off an existing debt with a new loan, typically at a lower interest rate or more favorable terms.
Full definition
Synonyms for individual words can be found below.
«debt»
«refinancing»
Sentences with «debt refinancing»
- Along with those benefits, there are challenges to using a HELOC as a student debt refinancing plan. (studentloans.net)
- Due to the growing level of consumer debt, the personal financial management offers different types of debt refinancing. (personalmoneyservice.com)
- Along with those benefits, there are challenges to using a HELOC as a student debt refinancing plan. (studentloans.net)
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