consolidation loan

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consolidation loan

n
(Banking & Finance) a single loan which is taken out to pay off several separate existing loans
References in periodicals archive ?
M2 PRESSWIRE-September 3, 2019-: Keel Associates Announce Launch of New Debt Consolidation Service
For this, Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, has come up with an exclusive personal loan for debt consolidation. By consolidating your debts, you can combine multiple monthly debts into one new loan.
Procida Funding has provided Nyack (N.Y.) College with a $38.5 million debt consolidation and working capital loan on behalf of The 100 Mile Fund, which Procida manages exclusively.Procida Funding has provided Nyack (N.Y.) College with a $38.5 million debt consolidation and working capital loan on behalf of The 100 Mile Fund, which Procida manages exclusively.
As a result, the agency has lowered its base case default assumption by 1% for each sub-pool, to 7% for flexible loans (ie, the Dynamic product label), 9% for debt consolidation loans (ie, Compact) and 6% for the residual category "other loans", leading to a weighted average (WA) lifetime default base case of 8.3% (down from 9.2% at closing in April 2016) for the Fitch-stressed portfolio at the end of the revolving period.
Debt consolidation is often associated with emails that land in your spam.
The good news, however, is that the situation can be fixed through a process of debt consolidation.
Los Angeles, CA, March 27, 2018 --(PR.com)-- Debt relief and credit card debt consolidation programs are becoming increasingly sought after by Americans today as consumer debt is at an all-time high.
Strategic Financial Solutions, a provider of comprehensive debt relief services and debt consolidation loans for consumers, has once again been selected as one of the Best companies to Work for in New York State in the large companies category, the company said.
If you are having a hard time paying your bills and making ends meet, it is important to look into debt consolidation. Going into debt consolidation with a strong credit score is more desirable than going in with a damaged credit score, so fast action is essential.
What was most infuriating, however, was that the breaks were full to bursting with ads for online gambling, debt consolidation and payday loans.
"A debt consolidation loan can not only potentially reduce people's outgoings, but reduce the total amount of interest they pay and help clear their debt sooner."