480aff71_n_vs__Debt_Consolidation_Loans__Comparison_Criteria
[Debt Consolidation] Debt consolidation is the practice of consolidating multiple bills and payments into a single payment through some type of debt repayment plan or program, offered by a debt consolidation provider. The two main types of debt consolidation plans are a Debt Management Plan (DMP) and a Debt Settlement Plan (DSP). [Debt Consolidation Loan] A debt consolidation loan is a loan obtained from a lender, with the purpose of paying off the outstanding loans and debts you currently have. With a debt consolidation loan, all of your monthly payments are consolidated into one payment, which is made to the new lender. [Comparison Criteria] 
Definition
D e f i n i t i o n
H o w I t W o r k s
A d v a n t a g e s
D i s a d v a n t a g e s
T y p e s
R e q u i r e m e n t s
Debt Consolidation vs. Debt Consolidation Loans
Comparison Criteria