FINANCE
Loan Consolidation Solves One Problem. Refinancing Another.
Consolidation's Single Purpose
It merges multiple debts into one payment. But it solves for simplicity, not necessarily a lower overall APR.
Refinancing Targets One Loan
This strategy replaces an existing loan with a new one. The goal is better terms, not fewer monthly payments.
Choose the Right Strategy
The full article compares key decision factors for your financial situation.
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