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  2. Consumer debt - Wikipedia

    en.wikipedia.org/wiki/Consumer_debt

    A country's private debt can be measured as a 'debt-to-GDP ratio', which is the total outstanding private debt of its residents divided by that nation's annual GDP. A variant is the consumer leverage ratio , which is the ratio of debt to personal income.

  3. Household debt - Wikipedia

    en.wikipedia.org/wiki/Household_debt

    Household debt in Great Britain 2008-10. Household debt is the combined debt of all people in a household, including consumer debt and mortgage loans.A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012.

  4. Debt - Wikipedia

    en.wikipedia.org/wiki/Debt

    Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor.Debt may be owed by a sovereign state or country, local government, company, or an individual.

  5. What is debt forgiveness? - AOL

    www.aol.com/finance/debt-forgiveness-202301471.html

    Debt consolidation: Debt consolidation merges multiple debts into a single loan, typically with a lower interest rate. This can simplify payments and potentially reduce overall debt.

  6. 4 types of debt you can consolidate

    www.aol.com/finance/3-types-debt-consolidate...

    For example, if your APR is 16% on your credit card and you consolidate $10,000 in debt with a new, 24-month personal loan with a 7.5 percent rate, you could save: Nearly $1,100 in interest fees.

  7. How to consolidate debt without hurting your credit

    www.aol.com/finance/consolidate-debt-without...

    Key takeaways. Debt consolidation puts multiple debts into a single account to make your payments easier. Debt consolidation can lower your credit score temporarily, but your score will improve if ...

  8. Unsecured debt - Wikipedia

    en.wikipedia.org/wiki/Unsecured_debt

    Personal loan – A personal loan is a loan which can be taken to meet unspecified financial needs, such as a wedding, travel, or medical emergencies. [1] The interest paid on a personal loan is in most cases higher than that payable on secured loans.

  9. Debt consolidation with a personal loan

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

    High-interest debt, such as credit card debt, might make you a good candidate for a debt consolidation loan since personal loans tend to have lower interest rates than credit cards. But aside from ...

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