You’ll not only have more options and solutions available to you, it will ease your stress and you may even sleep better (we find this is true with more than 60% of the people that we help).A debt consolidation loan is when someone borrows money and then uses that money to pay off other debts.To learn more about consolidating debt payments with a Debt Management Program, click here.
Depending on the type of debts you have and your overall circumstances, filing a Consumer Proposal may be a good option for you.
Speak with one of our qualified Credit Counsellors to determine if you should also speak with a Bankruptcy Trustee.
Credit cards can be easy to get into trouble with because after you make a payment, unless you’re maxed out, you can use your credit card again. Before you apply for a low rate credit card to consolidate other debts, make a free, confidential appointment with one of our Credit Counsellors and look at other debt consolidation options.
To learn more about consolidating debt with credit cards, click here.
In return, they will write off what you aren’t able to pay back.
It is important to speak with one of our Debt Settlement Specialists to find out if signing a debt settlement agreement with your creditors is a good option for you.
Getting help from us is as easy as giving us a call or chatting with us online.
We know that it can be hard to ask for help with your debts, so we do everything we can to answer your call quickly, provide you with the information you are looking for and book you a free credit counselling appointment if that’s what you need.
There are long term consequences to your credit rating when you have debt written off against you. To find out more of the pros and cons of consolidating debt using debt settlement services, click here.
A legal type of debt consolidation is available in Canada through a Bankruptcy Trustee.
You may want to apply for a consolidation loan if you’re struggling to make your minimum monthly payments on your credit cards, line of credit or overdraft.