Back توحيد الديون Arabic Reagrupament de crèdits Catalan Konsolidace úvěrů Czech Konsolidierung (Finanzwesen) German Regroupement de crédit French Hitelkiváltás Hungarian Consolidamento debiti Italian おまとめローン Japanese Consolidatie (economie) Dutch Konsolidacja długu Polish
Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.[1] This commonly refers to a personal finance process of individuals addressing high consumer debt, but occasionally it can also refer to a country's fiscal approach to consolidate corporate debt or government debt.[2] The process can secure a lower overall interest rate to the entire debt load and provide the convenience of servicing only one loan or debt.[3] Debt consolidation is sometimes offered by loan sharks,[4] charging clients exorbitant interest rates.[5] Further regulation has been discussed as a result.[6][7][8]
- ^ Fontinelle, Amy (November 26, 2014). "Alternatives To Balance Transfers". Investopia. Retrieved 21 December 2014.
- ^ Global risk insights (December 20, 2014). "China's Interest Rate Cut Not as Reformist As It Seems". Seeking Alpha. Retrieved 21 December 2014.
- ^ Joan Ryan (14 January 2011). Personal Financial Literacy. Cengage Learning. pp. 292–. ISBN 978-0-8400-5829-4. Retrieved 13 December 2011.
- ^ "Debt consolidation". www.nationaldebtline.org. Retrieved 2024-08-27.
- ^ "Loan shark debt". www.stepchange.org. Retrieved 2024-08-27.
- ^ "Long-Term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions". www.federalregister.gov. 19 September 2023. Retrieved 2024-08-27.
- ^ "Code of Federal Regulations". www.fiscal.treasury.gov. Retrieved 2024-08-27.
- ^ "Agencies request comment on proposed rule to require large banks to maintain long-term debt to improve financial stability and resolution". www.federalreserve.gov. Retrieved 2024-08-27.