Sentence examples for consolidating debt from inspiring English sources

At Prosper, 46 percent of recent loans were to people who were consolidating debt from elsewhere (often from credit cards), while at Lending Club, debt consolidation and paying off higher-interest credit cards account for just over 70 percent of all loans since inception.

The financial data collection and research company said growing demand for equity release products was driven by older homeowners consolidating debt.

Particularly worrying is the trend of consolidating debt by switching from unsecured to secured lending, which puts homes at greater risk.

Consolidating debt onto one card can lower your score because a high ratio of debt to your credit limit, what the industry calls "credit utilization," looks like you are about tapped out.

So by consolidating debt with the home-equity loan, consumers get a single payment, a lower interest rate and tax benefits.

Either way, the key to consolidating debt successfully is taking your new loan seriously instead of using it as a crutch.

Q I want to refinance my co-op share loan and tap into my equity to consolidate debt.

During a period of falling interest rates, homeowners refinance their mortgages and often take out cash to consolidate debt.

For some, this was a good financial move, helping lower monthly mortgage payments or consolidate debt, Strasser said.

Total debt outside of mortgages reached £94.7bn in 2010, at the same time as the opportunity to "consolidate" debt on to a mortgage has virtually disappeared.

Some services offer effective, affordable ways to manage or consolidate debt, but experts warn that many others can lead already desperate customers into deeper financial problems.