Debt consolidation

Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.^[1] This commonly refers to a personal finance process of individuals addressing high consumer debt, but occasionally it can also refer to a country's fiscal approach to consolidate corporate debt or government debt.^[2] The process can secure a lower overall interest rate to the entire debt load and provide the convenience of servicing only one loan or debt.^[3]

^ Fontinelle, Amy (November 26, 2014). "Alternatives To Balance Transfers". Investopia. Retrieved 21 December 2014.
^ Global risk insights (December 20, 2014). "China's Interest Rate Cut Not as Reformist As It Seems". Seeking Alpha. Retrieved 21 December 2014.
^ Joan Ryan (14 January 2011). Personal Financial Literacy. Cengage Learning. pp. 292–. ISBN 978-0-8400-5829-4. Retrieved 13 December 2011.

[Investopia-1] Fontinelle, Amy (November 26, 2014). "Alternatives To Balance Transfers". Investopia. Retrieved 21 December 2014.

[china-2] Global risk insights (December 20, 2014). "China's Interest Rate Cut Not as Reformist As It Seems". Seeking Alpha. Retrieved 21 December 2014.

[Ryan2011-3] Joan Ryan (14 January 2011). Personal Financial Literacy. Cengage Learning. pp. 292–. ISBN 978-0-8400-5829-4. Retrieved 13 December 2011.

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