Why Can't I Get a Debt Consolidation Loan? - Harvard Federal Credit Union

: Unlike a home equity loan, your physical assets are not at risk if you default.

: You borrow a lump sum to pay off several smaller debts.

: These loans typically offer fixed interest rates and a set repayment period, such as 3 to 5 years. 2. Qualification Criteria

: One payment reduces the risk of missed deadlines.

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