Consolidating loans definition Free local pussy no credit card
Debt consolidation is the process of taking out one loan to pay off two or more unsecured debts.
A consolidation loan often comes with a lower monthly payment and/or interest rate than the previous loans, as well as a longer repayment period.But in 1987, Klynveld Main Goerdeler (KMG) merged with Peat Marwick Mitchell to create KPMG Peat Marwick, reducing the number of top-tier players to the "Big Eight." Then in 1989, Ernst & Whinney merged with Arthur Young, and Deloitte Haskins & Sells merged with Touche Ross, further consolidating the industry to the "Big Six." In 1998, the merger of Price Waterhouse and Coopers & Lybrand created the "Big Five," and the dissolution of Arthur Andersen in 2002 left the "Big Four."Another, more recent example can be found in the online brokerage business, where after several rounds of consolidation, three major competitors have emerged: E*Trade (following its acquisitions of Brown Co and Harris Direct), Ameritrade (which recently won a bidding war for TD Waterhouse), and Charles Schwab.