Meaning of the word: Consolidation
Debt consolidation is a consolidation of many loans to the one loan. It is convenient for a debtor who has many loans with high interest rate. The financial institution pay for the customer all his loans then repays only one loan with one interest rate, which is usually less than the sum of the previous interest.back to dictionary >
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The collection means debt collection. This expression is usually used to indicate auto-collection, which is useful payment instrument, when the…go to the dictionary >
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