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The process of accumulating multiple debts and combining them into a single loan is referred to as debt consolidation. Essentially, a person obtains a new loan to pay out several smaller loans, debts or bills. This effectively brings all the existing debts together into a single loan with a monthly payment. For more information, visit: 20 Trafalgar Square STE 626, Nashua, NH 03063 USA or Call us at: (978) 272-2088
