A Secured and an Unsecured Debt Consolidation Loan Are Two Very Different Things   Debt consolidation loans come in two varieties: secured and unsecured. As opposed to unsecured loans, secured loans need collateral. When a borrower requests a higher loan amount, the lender will frequently need collateral. In which case would you choose the first …

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What are the average interest rates for consolidation loans? It is possible to be surprised by the rates offered by different lenders for consolidation loans. There are many options for consolidating debt, such as personal loans, home equity loans, or balance transfer credit cards. Different lenders will charge different interest rates. Different lenders might charge …

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What is better: Student loan deferment or forbearance?   Deferment is a better option than being forborne if you are eligible. Both are not the best long-term solutions. If you need solutions for your student debt: Help is available: Contact organizations and resources for student loans. Payoffs: Learn the difference between deferment and student loan …

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