Consolidation Loans

question 94

Multiple Choice

Consolidation loans

• A)have the advantage of a single interest rate on the full amount of your selected debts
• B)usually have shorter terms than your initial debts
• C)usually have lower interest rates because you are considered to be a lower risk for the lender
• D)are best used for low or no interest debts
• E)usually pay less overall when you extend the term of payment

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