Question: Consolidation loans... usually have shorter terms than your initial debts usually have lower interest rates because you are considered to be a lower risk for

Consolidation loans... Consolidation loans... usually have shorter terms than your initial debts usually have

usually have shorter terms than your initial debts usually have lower interest rates because you are considered to be a lower risk for the lender usually pay less overall when you extend the term of poyment have the advantage of a single interest rate on the full amount of your selected debts are best used for low or no interest debts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!