Difference between a home equity loan and a consolidation loan?

What is the difference between a home equity loan and a consolidation loan? Which one looks better on your credit report?

Difference between a home equity loan and a consolidation loan?
A home equity loan is secured by your property and a consolidation loan may not necessarily be a secured loan. It may be just a large personal loan with the purpose of consolidating debts into one payment. A home equity loan may be used to consolidate debts but may also be used for home improvements, college costs, or any other expenses that come about. Visit http://www.nmtw.org/99/second-mortgage.h... to know more about the home equity loan. Also you will get low loan rates for NMTW membership.
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