September 24, 2019 David Black

Debt consolidation is the combination of two or more previously drawn loans into a single liability while harmonizing the interest rate and other conditions, usually with the simultaneous extension of the repayment period. The main reason for using debt consolidation is to reduce your monthly installments. You can consolidate many types of loan obligations – mortgage, cash, installment, car, personal account overdraft or credit card debt, but also previously consolidated loans. It is a kind of game with several parameters – interest rate, commission, repayment period and collateral if the consolidation is a mortgage. You might consider us if you want…