Investor Glossary-consolidate loansInvestor Glossary-consolidate loansInvestor Glossary-consolidate loansInvestor Glossary-consolidate loansInsightful stock market charts - Click here
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Consolidate Loans

The HTML to link to this page

When a person seeks to consolidate loans, he/she is essentially taking out one loan to pay off many others. Usually when a debtor is in danger of bankruptcy, he/she will hurry to consolidate loans. Those who consolidate loans often aim for a lower or fixed interest rate. There are many debt consolidation companies that offer to help consumers consolidate loans. To consolidate loans carries some level of risk, as many people are tempted to consolidate unsecured debt into secured debt, which is usually secured by a home or other dwelling. Although monthly payments can be lower, to consolidate loans in this manner often causes the total repayment amount to skyrocket. In addition, predatory lenders often prey on those seeking to consolidate loans. Prudence and research are the keys to successfully consolidate loans. Other than consumers, students are also working aggressively to consolidate loans.

Rate this consolidate loans definition...

Learn about investing with the Investor Glossary Term of the Day

Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.

Popular Terms: APR, required rate of return, in escrow, per diem, stock split, cancelled check, labor relations, liquidity ratio, inflation, 401a, limit order, risk management, Key Rate Duration, retained earnings, FICO score, quality assurance, 144a, real GDP, command economy, dividends payable, deferred revenue, class C shares, stock market close, deferred tax, balance sheet, reverse mortgage, phantom income, ex-dividend, option premium, LIBOR, annual return, debt service coverage, open position, 1035 exchange, current ratio, EBITDA, implied volatility, average price per share, wholly-owned subsidiary, Zero Cost Collar, irrevocable trust, ex-dividend date, FTSE, diluted share, covered put, minority interest, VIX, 1031 exchange, margin rate

Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use