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LSDefine

Simple English definitions for legal terms

loan consolidation

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A quick definition of loan consolidation:

Loan consolidation is when you combine several loans into one new loan with a lower interest rate and a new payment plan. This means you only have to make one payment each month instead of many. It can help you save money on interest and make it easier to manage your debt. However, if you extend the repayment period too much, you may end up paying more in interest in the long run. Lenders will look at your credit score, income, and credit history to see if you qualify for loan consolidation. If you make your payments on time, it can also help improve your credit score.

A more thorough explanation:

Loan consolidation is the process of combining multiple loans into one new loan with a lower interest rate and a new payment plan. This means that instead of paying different creditors, the debtor only has to make one payment to one creditor each month.

For example, if a person has three different loans with different interest rates and payment schedules, they can consolidate those loans into one new loan with a lower interest rate and a longer repayment period. This can make it easier for the debtor to manage their finances and make payments on time.

However, there are also risks involved in loan consolidation. If the repayment period is extended too much, the debtor may end up paying more in interest even if the interest rate is lower. Lenders usually consider the debtor's credit score, income, and credit history before deciding if they are eligible for a loan consolidation.

After a loan consolidation, the debtor may have a higher credit score if they make their payments on time. This can make it easier for them to get approved for future loans or credit.

loan broker | Local government - State statutes

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18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
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