Debt Consolidation

Debt consolidation is the replacement of multiple debts with a single loan. Often this is done to secure a lower interest rate and monthly payment or for a longer repayment period. One example of debt consolidation is moving debt from multiple credit cards to a single lower interest credit card.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!