debt consolidation
Debt consolidation is the process of combining multiple outstanding debts into a single loan or payment plan, typically with a lower interest rate, making it easier to manage and pay off the debt.
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Related Concepts (22)
- bankruptcy alternatives
- budgeting
- consolidation of multiple debts
- credit card consolidation
- credit counseling
- debt accumulation
- debt consolidation companies
- debt consolidation loans
- debt counseling services
- debt management
- debt management strategies
- debt repayment strategies
- debt restructuring
- debt servicing
- debt settlement
- financial planning
- government borrowing
- government debt
- interest payments on debt
- mortgage refinancing
- personal finance
- student loan consolidation