REDUCE YOUR INTEREST CHARGES WITH DEBT CONSOLIDATION

Consolidate your debts into a lower interest rate loan or with no interest!

What is Debt Consolidation?

Debt consolidation is a new loan that will pay off your existing debts into one monthly payment. This can be a good option if you have multiple debts at a high interest and can consolidate them into one loan at a lower interest rate.

Major banks offer consolidation loans if you have a steady income, good credit record and can afford the monthly payments.

What if I don't get approved?

These types of loans can be difficult to get approved for if you have poor credit scores and low income.

A consumer proposal would then be a good option to consolidate your debts and stop all interest.

Debt Consolidation vs. Consumer Proposal

While a debt consolidation can lower your interest rate, it will not lower your debt. A consumer proposal can reduce your debt, and there will be no interest charges while you are in the proposal.

If you are not approved for debt consolidation, then a consumer proposal is a great option for paying off debts.