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2. Debt consolidation vs. debt payoff vs. debt counseling: What ...

   www.aol.com/finance/debt-consolidation-vs-debt...

   • No collateral required for unsecured loans ... After comparing lenders online, she qualifies for a debt consolidation loan at 12% interest for five years. Her new single payment is $556 ...

3. Debt Consolidation vs. Debt Settlement: Which Is Best for You ...

   www.aol.com/debt-consolidation-vs-debt...

   Debt consolidation loans can be unsecured, meaning no collateral is required, or secured, meaning collateral is required. ... Costs: Many lenders charge an origination or application fee for a ...

4. What is a debt consolidation loan — and can it help you lower ...

   www.aol.com/finance/what-is-a-debt-consolidation...

   A debt consolidation loan is best for when you have unsecured debt that you can’t pay off within a year — such as credit cards and high-interest personal loans. Loan amounts can range from ...

5. What is an unsecured loan? - AOL

   www.aol.com/finance/unsecured-loan-204331407.html

   Consolidating debt. Unsecured loans are useful as debt consolidation tools that can make debt repayment simpler. This strategy can also help borrowers save money if they qualify for lower interest ...

6. Debt consolidation - Wikipedia

   en.wikipedia.org/wiki/Debt_consolidation

   Most debt consolidation loans are offered from lending institutions and secured as a second mortgage or home equity line of credit. [13] These require the individual to put up a home as collateral and the loan to be less than the equity available. The overall lower interest rate is an advantage that debt consolidation loan offers to consumers.

7. What is unsecured debt? - AOL

   www.aol.com/finance/unsecured-debt-020031866.html

   Unsecured debt is any debt that isn’t backed by collateral. Since no asset can be seized if you default, it’s riskier for the lender. ... You can also seek a debt consolidation loan to replace ...

8. Unsecured debt - Wikipedia

   en.wikipedia.org/wiki/Unsecured_debt

   While unsecured loans offer the convenience of borrowing without collateral, they typically come with higher interest rates compared to secured loans, reflecting the increased risk for the lender. They are commonly used for various purposes, including debt consolidation, home improvements, or covering unexpected expenses.

9. How does debt consolidation work? Answers from someone who’s ...

   www.aol.com/finance/debt-consolidation-loans...

   Debt consolidation loans generally have terms between one and seven years, and many will let you consolidate up to $50,000. But debt consolidation isn’t the only way borrowers can use personal ...