answersLogoWhite

0

How do debt consolidations work?

User Avatar

Anonymous

15y ago
Updated: 9/10/2019

Debt consolidation works by taking out one loan to pay off many others.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Are debt consolidations bad for your credit score?

Yes, debt consolidations can be a negative factor on your credit reports. Though it is probably worth it to consolidate your debt rather than go deeper into debt, which will hurt your credit even more.


what's the best website for debt consolidations?

One of the good websites is debtconsolidation.com


Who can give me good advice on debt consolidations?

You can visit www.debtconsolidationcare.com and they can give you several companies in your area that can help.


Where can one get a business debt consolidation?

Business debt consolidations can be found in several places. The primary place they are found are in business debt consolidation firms as well as business management firms.


What companies provide college debt consolidation?

Care One Credit and Debt Settlement USA are two great places for loan consolidations. They also offer services for college student loan consolidations. However, you may want to consider the Money Management Organizaiton as the service is free.


What company will give me the best advice on debt consolidations?

Care One Credit will help you with debt consolidation and credit counseling, however, they are not free. http://www.careonecredit.com/


What is the definition of Accelerated Debt Consolidation?

Accelerated Debt Consolidation consolidates all of your debt into one lower monthly payment at a lower percentage rate. There are many different online websites available for accelerated debt consolidations.


What is a debt consolidation loan company from the UK?

UK Debt Consolidation Services is one of the many companies in the UK which specializes in debt consolidations. They will help people consolidate their loans, often with a lower monthly payment.


What companies offer the best debt consolidation loans?

Debt consolidation is basically a larger loan to pay of your smaller debt. Many companies out there offer debt consolidations but the best place to start is you bank or credit union since you already have a relationship to them.


How many debt consolidations are done by the average American in their lifetime?

An average American will go through atleast one debt consolidation in their lifetime. Although it does not sound a lot but it should be noted that there are about 120 million households in America.


What companies offer reliable information on debt consolidation?

Many financial institutions offer reliable information on debt consolidations. They regularly work with customers helping with debt solutions. Money Mentors also helps with debt consolidation.


What are some problems with debt consolidations?

Some of the problems with debt consolidation can get cause people to dig themselves deeper into debt. The original debts occur, but due to the smaller monthly payments many people feel that they can take on more debt. Another problem is that many people use their home equity to consolidate debt, and when it can not be paid they lose their house.