Question:
Does debt consolidation affect buying a car?
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Debt consolidation entails putting together underlying loans in the company and their interest earned within a specified period and paying them off by using a newly secured loan. The company is rescued from interest earned by previously taken loans, but its financial status still includes an outstanding loan.
Answer and Explanation:
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No, debt consolidation doesn't affect buying a car. When a company utilizes its earnings in making purchases for a car, there is no relationship with...
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