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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | 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