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How Debt Consolidations Loans Work?

  1. wordsscriber profile image59
    wordsscriberposted 7 years ago

    How Debt Consolidations Loans Work?

  2. profile image50
    AsDaddyposted 7 years ago

    A "debt consolidation" loan can be any kind of loan, even a high balance, low interest credit card can be used to consolidate.  A personal loan, or other loan of choice, is taken out and used to pay the balances of your other debts, thus consolidating in one lower monthy payment with less interest paid out since it is only going to one account.

  3. mirage erin profile image82
    mirage erinposted 7 years ago

    go towards the bottom of this article for some explanation:
    http://hubpages.com/hub/Debt-Management … -your-Debt

  4. Wilsonsorin2011 profile image54
    Wilsonsorin2011posted 6 years ago


    If you want to know about the working procedure of debt consolidation loans so, please visit - http://www.galleryfinance.co.uk/consoli … tion-loans
    they will helps you for understanding the debt consolidation loans...