Meaning of "debt consolidation" in the English dictionary

PRONUNCIATION OF DEBT CONSOLIDATION

debt consolidation  [det kənˌsɒlɪˈdeɪʃən]

GRAMMATICAL CATEGORY OF DEBT CONSOLIDATION

Debt consolidation is a noun.

A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES DEBT CONSOLIDATION MEAN IN ENGLISH?

Debt consolidation

Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house. In this case, a mortgage is secured against the house. The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale of the asset to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower. Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully.

Definition of debt consolidation in the English dictionary

The definition of debt consolidation in the dictionary is the process of taking out a new loan in order to pay off a number of existing debts.

TRANSLATION OF DEBT CONSOLIDATION

Find out the translation of debt consolidation to 25 languages with our English multilingual translator.

The translations of debt consolidation from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «debt consolidation» in English.

• Translator English - Chinese: 债务合并
• Translator English - Spanish: consolidación de la deuda
• English: debt consolidation
• Translator English - Hindi: ऋण समेकन
• Translator English - Arabic: توطيد الدين
• Translator English - Russian: консолидация долгов
• Translator English - Portuguese: de consolidação da dívida
• Translator English - Bengali: ঋণ একত্রীকরণ
• Translator English - French: consolidation de la dette
• Translator English - Malay: Penyatuan hutang
• Translator English - German: Schuldenkonsolidierung
• Translator English - Japanese: 借金の整理
• Translator English - Korean: 부채 통합
• Translator English - Javanese: Konsolidasi utang
• Translator English - Vietnamese: củng cố nợ
• Translator English - Tamil: கடன் ஒருங்கிணைத்தல்
• Translator English - Marathi: कर्ज एकत्रीकरण
• Translator English - Turkish: Borç konsolidasyonu
• Translator English - Italian: consolidamento del debito
• Translator English - Polish: konsolidacji zadłużenia
• Translator English - Ukrainian: консолідація боргів
• Translator English - Romanian: de consolidare a datoriei
• Translator English - Greek: αναδιάρθρωση του χρέους
• Translator English - Afrikaans: skuld konsolidasie
• Translator English - Swedish: skuldkonsolidering
• Translator English - Norwegian: gjeld konsolidering

10 ENGLISH BOOKS RELATING TO «DEBT CONSOLIDATION»

Discover the use of debt consolidation in the following bibliographical selection. Books relating to debt consolidation and brief extracts from same to provide context of its use in English literature.

Debt Consolidation 1, Bad Credit Card Debt 0

This book gathers recent, credible, public information about debt consolidation and presents it in a convenient, easily searched format, specifically intended for high compatibility with Amazon.com's Digital Books initative and Google's ...

W. Frederick Zimmerman, 2005

Benefit Of Debt Consolidation

If you are a homeowner, debt consolidation would certainly mean more in terms of savings. Home loan allows debt consolidation by placing the home as collateral. Home loan for debt consolidation seems very attractive to a homeowner who ...

Charles M. Hawkins

Debt Consolidation Strategies

The term debt consolidation may be fairly confusing as the term itself is fairly deceptive. When a homeowner re—finances his home for the purpose of debt consolidation, he is not really consolidating the debt in the true sense of the word.

Louis Waweru

Slash Your Debt: Save Money and Secure Your Future

-- Why a 13% credit card can cost more to pay off than a 19% one-- Where to get consolidation loans with no credit check-- How to create a rapid repayment plan based on your personality-- The eight essential keys to successful debt ...

Gerri Detweiler, Marc Eisenson, Nancy Castleman, 2001

Debt: A Guide To A Systematic Study Of Debt Consolidation, ...

A quick guide to understanding debt, debt consolidation, debt relief, debt free u, debt trap, debt tracker.

Sally Navarro

Credit Card Debt Relief: Based On The Proven Principles and ...

Credit card debt consolidation is regarded as the first step towards getting rid of credit card debt. Credit card debt consolidation loan is one of the ways of consolidating credit card debt. Besides, credit card debt consolidation loan, you can also ...

Mary Braum

Escape Credit Card Debt Today

Credit card debt consolidation is regarded as the first step towards getting rid of credit card debt. Credit card debt consolidation loan is one of the ways of consolidating credit card debt. Besides, credit card debt consolidation loan, you can also ...

Barbara Pacheco

Credit Card Debt Help: Learn Expert Advice On How to Get Out ...

Thus, the main benefit of credit card debt consolidation is realized in terms of APR reduction (and hence reduction in credit card debt growth rate). This is touted as the most important benefit (and sometimes the sole benefit) from credit card ...

Sara Smith

Debt Management:

About Debt Consolidation And Consumer Counseling Help It does not matter what type of debt you accumulated. If you have outstanding debt and seek help, there is some debt consolidation management program or credit card debt ...

Rhed Tillyard, 2014

Smart Debt: Borrow Wise, Live Rich

Debt consolidation could save you a fortune in interest charges and help keep negative information off your credit report. Plus, you would pay just one monthly bill. Debt consolidation is often used by people with multiple high-interest credit ...

Jason R. Rich, 2006

10 NEWS ITEMS WHICH INCLUDE THE TERM «DEBT CONSOLIDATION»

Find out what the national and international press are talking about and how the term debt consolidation is used in the context of the following news items.

Debt Consolidation USA Shares Tips In Teaching Children Money …

Debt Consolidation USA shared in a recently published article some valuable tips for parents to consider when teaching their children some ... «Benzinga, Jul 15»

Find the Right Low-Interest Credit Card: Flowchart

If you need a lot more time — say, several years — you might want to consider talking out a personal debt consolidation loan instead. If you're ... «NerdWallet, Jul 15»

Debt Consolidation USA Shares Tips In Handling Financial …

Debt Consolidation USA shared in a recently published article how consumers can deal with financial challenges in their lives. The article titled ... «Benzinga, Jul 15»

Understanding the pros and cons of debt relief

Debt consolidation is the process of compiling multiple debts into one loan, with one monthly payment. Some people undertake this process on ... «WDAM-TV, Jul 15»

New Credit Card Rule Makes Mortgage Qualification Easier

The second consumer group which benefits from the DTI rule change is existing homeowners doing a debt consolidation; refinancing and ... «The Mortgage Reports, Jul 15»

Debt Consolidation USA Talks About Retirement Planning

Debt Consolidation USA shared in an article published recently some ways soon-to-be-retirees can manage and prepare their retirement fund ... «Benzinga, Jul 15»

How to Prove You Paid Off an Old Debt

We used a debt consolidation company in 2010 to settle some credit cards. A (credit) card was settled for about half the amount owed and the ... «Money, Jul 15»

The Secret Way to Get Rid of an Old Debt

We used a debt consolidation company in 2010 to settle some credit cards. A (credit) card was settled for about half the amount owed and the ... «STLtoday.com, Jul 15»

Loan or Balance Transfer? What's Best for Saving Money When …

Debt consolidation is the concern of many people in the world. Consumers are trying the best they can put their bills together so that they can ... «FinancialNews.co.uk, Jun 15»

Allstate Debt Consolidation Shares Tips for Using Mint.com when …

If someone is in debt, or is currently involved with some kind of debt consolidation program, this app can be a great compliment to that. «Digital Journal, Jun 15»