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A/R Finance & Factoring Terms GLossary

What isDebt Consolidation

Debt consolidation combines multiple high-interest debts, such as credit cards, lines of credit or merchant cash advances, into a single monthly payment. Ideally, it’s used to lower the overall monthly payment of all debt along with decreasing the repayment period. Additionally, invoice factoring can be leveraged to consolidate stacked or multiple MCA or ACH loans improving monthly cash flow for the debtor.

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