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Feature Article August 31, 2010

The Principles Of Debt Consolidation

- August 31, 2010, 10:31 am

Debt consolidation is basically transferring of balances from multiple accounts with high interest rates to another account with relatively lower interest rate. Debt consolidation may involve transferring of balances from multiple unsecured loans into another unsecured loan. However, in most cases, it involves transferring of balances from unsecured loans into a secured loan.

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