Debt consolidation

（重定向自Consolidation loan）

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	Consolidation loan
释义	Consolidation loan 原声例句中高级英语短文 He has since taken out a consolidation loan to pay off rising debts. 此后，他申请了一笔合并贷款来偿还不断上升的债务。英语百科 Debt consolidation （重定向自Consolidation loan） 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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