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If you have 10 different debts that total $1000.00 and borrow $1000.00 to pay them all off, you have consolidated all those small debts into one big debt. You save 9 stamps per month. Answer:Taking multiple debt or credit lines and consolidating them into one new payoff plan. Frequently, this is a consolidation loan, provided to consolidate debts into one loan with one payment, typically shifting credit card debts to secured debt by refinancing a mortgage. It could also refer to a credit counseling or debt settlement program.
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Q: What does it mean to 'consolidate debt'?
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What is minimum debt due to be able to consolidate credit card debt?

don't consolidate, pay the debt off. To answer your question, it depennds on the company giving you the loan?


How do I consolidate my debt to improve my credit score?

The best way to consolidate your debt is to go to your bank and speak with their consultant. They usually have a department to help you with reducing your debt.


How would someone consolidate their debts?

One way to consolidate your debts is to seek financial debt counseling from your bank or from a debt consolidator. They will discuss with you what you can and cannot do with your outstanding debt.


How can one consolidate debt fast?

One can consolidated debt faster by seeking help from a bank to help. There are also many programs, online or in person, that can help a person consolidate debt fast.


Why is it advisable to consolidate debt for a credit card?

It is wise to consolidate debt for credit cards when the debt is at a high interest rate, a person may take all the high interest rate debt and combine it into one debt with a lower interest rate to save money.


Does a debt counseling corp help consolidate debt into smaller payments?

Yes, debt counseling can help you. However please be aware that not all are created equally. Many scams have be discovered. Look to nonprofit organizations first to help you consolidate your debt payments.


Any ideas for how to consolidate debt?

Credit.org can help you figure out how to consolidate your debt. They offer certified experts and are a non-profit organization that is just there to help people in situations like yours.


Where can a person go to get tips on how to consolidate your debt?

There is a vast amount of information available to those who wish to learn how to consolidate ones debt. Some sites that offer great tips are the "Bills" website and the "Debt Consolidation Care" website.


What are the best methods to consolidate debt?

The best methods to consolidate debt usually involve finding a loan with a good rate of interest and transferring all debt to this. A financial advisor is useful in this situation to ensure the best rate is obtained.


Where would it be possible online to find information on how to consolidate debt?

There are many online resources available for those looking to consolidate their debt. There are many options to consider when doing so, including bankruptcy.


How do you consolidate payday loans?

I would contact a debt consolidation company.


How can one resolve unsecured debt relief?

There are different ways to resolve unsecured debt relief. One way is to pay the loan off as soon as possible. If one has multiple unsecured debt, sometimes they can get a loan to consolidate them. One can consolidate with or without collateral.