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LSDefine

Simple English definitions for legal terms

consolidation loan

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A quick definition of consolidation loan:

A consolidation loan is a type of loan that helps people manage their debt. It works by combining multiple loans into one, making it easier to keep track of payments and potentially lowering the interest rate. For example, if someone has three different loans with different interest rates, they can take out a consolidation loan to pay off all three loans and have just one payment to make each month. This can help them save money and simplify their finances.

A more thorough explanation:

A consolidation loan is a type of loan that is used to pay off multiple individual loans, resulting in a more manageable debt. For example, if someone has three different loans with different interest rates and payment schedules, they can take out a consolidation loan to pay off all three loans and have only one loan to pay back.

For instance, if someone has a car loan, a credit card debt, and a personal loan, they can take out a consolidation loan to pay off all three debts. This way, they will only have one loan to pay back, with a single interest rate and payment schedule.

Consolidation loans are helpful for people who have multiple debts and want to simplify their finances. They can also help people save money on interest payments, as consolidation loans often have lower interest rates than credit cards and other types of loans.

consolidation | consolidation of actions

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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