English version

debt consolidation loan

From Longman Business Dictionarydebt consolidation loanˌdebt consoliˈdation loanFINANCEBANKING a loan used to pay back a number of existing loans, so that payments are only made to one lender instead of to severalIf they’re applying for debt consolidation loans to pay off their credit cards, we talk to them about what they’re doing with the cards. loan
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