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The most common questions asked about Credits Cards.
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Credit Card Glossary
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Debt consolidation
definition
What does Dept consolidation mean?

Debt consolidation means replacing and combining multiple loans with a single, new, better loan offering, which has a lower interest rate per month and also a smaller payment. The newer loan offer can also have a longer repayment period. In terms of credit card debt, debt consolidation often a balance transfer from more high interest cards to a single low interest credit card.

Debt consolidation is also known as consolidation loan.
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