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What to do if you have many loans from private money lenders?

One of my relatives has quite a few loans from private money lenders at high rates of interest. What is the best possible way to repay all the loans in one shot by taking one loan from some bank?

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  1. you can talk to a bank to see if they will consolidate all your loans into one big one will a lower interest rate. there are also companies that specialize in consolidating loans
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