Loan Consolidation

Definition: Loan Consolidation is a process in which one loan is taken out to pay off many others.
This is typically done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.
Also called debt consolidation.

More on loan consolidation. More on financial management: Accounts Receivable Factoring, Credit Management, Credit Rating, Debt Settlement, Investor Relations, more...