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

Question

Quizplus · Accepted Answer

Consolidation loans combine multiple debts into one, often with a single interest rate for the entire amount.

Consolidation Loans