The flipside of debt consolidation Mwangi Muiruri
Series: Financial JournalPublication details: Nairobi The Standard Group Tuesday, February 3, 2009Description: [The Financial Journal] The Standard, February 3, 2009; p.14Subject(s): Summary: Debt consolidation (taking one loan to repay another) only treats the symptoms of debt, but not the problem. the borrower still risks being pushed to the wall. In some cases, the lender goes for a foreclosure of a borrower's security to pay back the consolidated loan.
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Debt consolidation (taking one loan to repay another) only treats the symptoms of debt, but not the problem. the borrower still risks being pushed to the wall. In some cases, the lender goes for a foreclosure of a borrower's security to pay back the consolidated loan.
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