Consolidating debt student loans


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The bulk of the consumer debt, especially that with a high interest, is repaid by a new loan.

Most debt consolidation loans are offered from lending institutions and secured as a second mortgage or home equity line of credit.

Personal loans comprise another form of debt consolidation loan.

In some countries, these loans may provide certain tax advantages.

Because they are secured, a lender can attempt to seize property if the borrower goes into default.