An origination fee is defined as an upfront charge
that lenders assess for the purpose of simply processing your loan.
This fee is considered a potential hidden cost of debt
consolidation, and borrowers must watch out for it when reviewing loan offers.
Origination fees are administrative costs that can add up quickly and diminish
the financial savings gained from consolidating debt. It is advisable to shop
around for loans that do not charge origination fees if possible.
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