A _____ loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit.
A) personal
B) single-payment
C) buy-down
D) consolidation
E) standard

Question

Quizplus · Accepted Answer

A consolidation loan is designed to help consumers merge multiple debts into a single payment, typically with a lower interest rate. This can be particularly useful for individuals who have accumulated debt due to overusing their credit cards or having a less-than-perfect credit score.

A _____ Loan Is Intended to Help Consumers Who Have