   
|
|
Consolidation Loan
|
Consolidation loan is a type of loan that encompasses a number of other liabilities into one loan. The greatest advantage of a consolidation loan is its low rate of interest. For instance, those with outstanding credit card debt face significant interest rate charges and may therefore benefit from a relatively low interest rate consolidation loan that actually reduces the dollar amount owed each month. Other powerful pluses of a consolidation loan are practicality and convenience. By encapsulating all debt into one loan, a consolidation loan can break through the clutter of numerous bills and place all debt on one consolidation loan statement. A consolidation loan can provide a one payment solution for such financial burdens as credit card bills, automobile loans, college loans, and various other consumer debt.
Rate this consolidation loan definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: EBITDA, liquidity ratio, 401a, deferred tax, command economy, 144a, per diem, margin rate, deferred revenue, required rate of return, cancelled check, open position, stock split, ex-dividend, implied volatility, in escrow, irrevocable trust, limit order, quality assurance, risk management, 1035 exchange, Key Rate Duration, class C shares, current ratio, Zero Cost Collar, 1031 exchange, wholly-owned subsidiary, VIX, reverse mortgage, retained earnings, phantom income, option premium, minority interest, labor relations, ex-dividend date, covered put, real GDP, LIBOR, inflation, dividends payable, diluted share, debt service coverage, balance sheet, APR, equities, average price per share, FICO score, FTSE, stock market close
|
|
| |
