To Start things off we’ll make it simple - Definitions of Debt consolidation on the Web:
- Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest …
en.wikipedia.org/wiki/Debt_consolidation - To combine all several financial liabilities into one loan.
investor.infospaceinc.com/glossary.cfm - A strategy sometimes used by consumers to better manage their debt problems. Rather than paying off several separate bills each month, a consumer consolidates his or her debts with a financial institution that will arrange for one lower monthly payment extending over a period of time.
www.your-financial-advisor.com/terms.htm