Consumers whose debt burden has become very heavy might apply for a(n)
A)personal loan.
B)single payment loan.
C)buy-down loan.
D)consolidation loan.
E)interim financing.

Question

Quizplus · Accepted Answer

A consolidation loan is specifically designed to help consumers with heavy debt burden by merging multiple debts into a single payment with a lower interest rate. This helps to simplify the payment process, making it easier for the consumer to manage their debt and ultimately pay it off. Personal loans, single payment loans, buy-down loans, and interim financing are not specifically designed for debt consolidation and may not offer the same benefits.

Consumers Whose Debt Burden Has Become Very Heavy Might Apply