consolidation loan

(redirected from Debt consolidation)
Also found in: Financial, Wikipedia.

consolidation loan

n
(Banking & Finance) a single loan which is taken out to pay off several separate existing loans
References in periodicals archive ?
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.
com)-- Vancouver, BC-based specialists for mortgage management services, Invis - The Siemens Group are now working with clients to help them move forward in the debt consolidation process.
However, the contract would be offered be on condition that the "Nedbank contract be deferred subject to the debt consolidation process finalisation".
Therefore, you are facing drastically less interest liability if you go with a debt consolidation loan as opposed to allowing the interest to pile up on your credit cards.
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.
Paul Newey's big break came in 2006 when he sold his Tamworth-based debt consolidation business - Ocean Finance and Mortgages - for a rumoured pounds 200 million.
With mortgage rates being historically low, debt consolidation is becoming a worthwhile option for many people.
Global Banking News-6 April 2009-Citi Advance offers new debt consolidation service(C)2009 ENPublishing - http://www.
Well, the holiday period is well and truly over as remortgages for debt consolidation are hard to come by and property values are stagnating.
A round a quarter of personal loans are taken out for debt consolidation purposes, with the average loan being just under pounds 12,000.
The firm said over-indebted borrowers were more likely to need to turn to debt consolidation firms as the tightening in credit markets left them unable to refinance their way out of trouble.
Sydney's been through $90,000 in debt consolidation loans and a $20,000 equity line of credit on top of her $297,000 first mortgage on a house that had a $100,000 mortgage when she inherited it.