Debt consolidation involves grouping unsecured debts, such as credit cards, and paying them off by taking out a new loan from a bank, credit union, or online lender, typically resulting in a lower interest rate and a single monthly payment.

Authors

• Person: Not available Organization: Debt.org
  Debt Stress: How Debt Affects Mental Health - Debt.org

Sources

• Debt Stress: How Debt Affects Mental Health - Debt.org www.debt.org Debt.org via serper

Referenced by nodes (1)

• debt consolidation concept