Debt Consolidation

Debt consolidation: what to consider before making a decision

Debt consolidation is a form of debt refinancing, which involves obtaining one loan to repay many other ones. This usually applies to individuals who are faced with the problem of consumer and personal debts, but sometimes it can also relate to a country’s fiscal approach to consolidating corporate debt or public debt. The consolidation process can provide a lower overall interest rate for the entire debt burden and provide the convenience of servicing only one…

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