The main reason for a lending institution to consolidate all of a customer's credit products into one

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The main reason for a lending institution to consolidate all of a customer's credit products into one loan is to:

Reduce the interest rate and overall monthly payments for the customer.

Improve the customer's Credit Bureau report.

Make it easier for the customer to keep track of the money they owe.

Provide room for the customer to take on additional credit products by reducing their GDSR

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Feb 12, 2024 02:55 AM

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The main reason for a lending institution to consolidate all of a customer's credit products into one

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Advanced Accounting

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