Debt consolidation

Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a personal finance process of individuals addressing high consumer debt but occasionally refers to a country's fiscal approach to corporate debt or Government debt. The process can secure a lower overall interest rate to the entire debt load and provide the convenience of servicing only one loan.

单词	Debt consolidation
释义	Debt consolidation 原声例句托福写作素材 Prioritizing high-interest debt repayment and exploring debt consolidation options are steps toward achieving greater financial stability. 优先考虑高息债务偿还和探索债务合并方案是实现更大金融稳定的步骤。英语百科 Debt consolidation Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a personal finance process of individuals addressing high consumer debt but occasionally refers to a country's fiscal approach to corporate debt or Government debt. The process can secure a lower overall interest rate to the entire debt load and provide the convenience of servicing only one loan.
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