debt consolidation
noun[U]
FINANCEukusamethodused formanagingdebt, in which you take out asinglenewloanand use it topayback several ofyourotherdebts:
TheOFTsaid that themajorityofdebtconsolidationloanstook theformof a secondmortgage.
Examplesofdebt consolidation
debt consolidation
Sometimes,debtconsolidationcompanies can discount the amount of the loan.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.There are many companies who offerdebtconsolidationservices.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Debtconsolidationis often advisable in theory when someone is paying credit card debt.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Debt settlement is often confused withdebtconsolidationor debt management.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The company primarily serves consumers wheredebtconsolidationor home refinancing is undesirable or an unavailable option.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In many countries, the ease with which individuals can accumulate consumer debt beyond their means to repay has precipitated a growth industry indebtconsolidationand credit counseling.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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