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  2. How does debt consolidation work? Answers from someone who’s ...

    www.aol.com/finance/debt-consolidation-loans...

    Debt consolidation vs. personal loan Debt consolidation is a form of debt refinancing in which the borrower takes out a loan, credit card or line of credit and uses it to pay off other debts.

  3. 8 Ways to Use a Debt Consolidation Loan for Your Credit Card Debt

    www.aol.com/8-ways-debt-consolidation-loan...

    Shop for a Debt Consolidation Loan: Look for lenders offering debt consolidation loans with favorable terms, such as lower interest rates than what you're paying on your credit cards, and longer ...

  4. Debt consolidation vs. Bankruptcy: Which is right for you?

    www.aol.com/finance/debt-consolidation-vs...

    Debt consolidation loan: This is a type of personal loan. Some loans are secured , meaning you need collateral in exchange for funds, but most are unsecured. Each loan comes with its own repayment ...

  5. Debt consolidation - Wikipedia

    en.wikipedia.org/wiki/Debt_consolidation

    Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. [1] This commonly refers to a personal finance process of individuals addressing high consumer debt , but occasionally it can also refer to a country's fiscal approach to consolidate corporate debt or government debt . [ 2 ]

  6. How to consolidate debt without hurting your credit

    www.aol.com/finance/consolidate-debt-without...

    Your credit score: One goal of debt consolidation is to reduce the interest rate on your debt. The idea here is to pay a lower interest rate on a consolidation loan or balance transfer credit card ...

  7. How to pay off credit card debt - AOL

    www.aol.com/finance/pay-off-credit-card-debt...

    Debt consolidation can be a useful way to combine multiple lines of high-interest credit card debt under a loan with one fixed, monthly payment — and it’s one 8 percent of YouGov/CreditCards ...

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