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Viewed: [177] | Comments: [0] | 3-02-2010, 21:59
People often accrue debts through a variety of channels – EG credit cards, bank loans and other creditors. All these debts will have different interest rates and can be difficult to keep track of. A consolidation loan is a loan which is used to pay off these debts so that you are only paying the one debt consolidation loan, This way you can both keep track of your debts under one easy to manage loan and; more importantly will almost certainly save you money on repayments as the interest rate is generally very low.