Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Consolidation Loan
A consolidation loan is a tool used by indebted individuals, as a means to pool a number of debts together into one place. This type of loan allows the borrower to pay off all of his creditors in one go, repaying the sum of their debts (the consolidation loan) to just one provider.
