A cross-collateralization clause in a debt consolidation loan agreement allows a lender to repossess other property they financed for the borrower if the borrower defaults on the consolidation loan, even if payments on the other financed property are current.

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• Person: Not available Organization: Nolo
  Debt Consolidation v. Bankruptcy: Which is Better? - Nolo

Sources

• Debt Consolidation v. Bankruptcy: Which is Better? - Nolo www.nolo.com Nolo via serper

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• debt consolidation loan concept