The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

DEBT CONSOLIDATION Definition & Legal Meaning

Definition & Citations:

Taking smaller loans and getting one big one to pay them off. It is longer to pay back but the payments are smaller than the previous needs of the smaller loans.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.