What is the difference between consolidation program and loan?

Is there any major difference between the debt consolidation program and consolidation loan? Are they the same thing? Do I need to pledge collateral for both?

1 Answers

If you go for a secured consolidation loan, then you'll have to pledge collateral against it. In cse of a consolidation program, you won't be required to pledge any collateral.

In case of debt consolidation program, all your unsecured bills are consolidated into a single low monthly payment plan. On the other hand, in case of a consolidation loan, all your unsecured bills are consolidated into a single low interest loan. 


Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 3 and 4


Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV


Page loaded in 0.138 seconds.