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Debt consolidation - Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Credit (finance) - Credit as a financial term, used in such terms as credit card, refers to the granting of a loan and the creation of debt. Any movement of financial capital is normally quite dependent on credit, which in turn is dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds.

Collateral (finance) - Collateral is a word used for assets that secure a debt obligation. For example, in the case of a mortgage the house serves as the collateral for the mortgage loan.

Subordinated (debt) - Subordinated debt, also known as junior debt, is a finance term to describe debt that is unsecured or has a lesser priority than that of an additional debt claim on the same asset. This means that if the party that issued the debt defaults on it, people holding subordinated debt get paid after the holders of the "senior debt," and hence is more risky.


Suggested Web Sites

Loan Finders - Broker offering debt consolidation and home improvement loans

Mobile Finance Centre - First mobile finance service. Offers professional advice and finance solutions for all situations including personal loans, car, boat and business finance, second mortgages and debt consolidation.

Bluesky Finance - UK Broker offering debt consolidation and secured loans for homeowners.

Source: BazSites.com

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