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Consolidation Loans combine several student or parent loans into one bigger loan from a single lender, which is then used to pay off the balances on the other loans.
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These loans are flexible for repayment of the loan amount, but the rate is usually higher compared to other loans. These can still be found, despite bad credit. Just search ...
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If the debts incurred are comparatively small and you want to clear them as soon as possible, then prefer applying for unsecured consolidation loans.
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