A consolidation loan takes all of a person's debt and puts it together in a new note that has a lower interest rate. Understand how interest is calculated on a new note with help from a financial planner in this free video on personal loans and money management.
Expert: William Rae
Contact: www.hbwfl.com
Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years.
Filmmaker: Christopher Rokosz
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