Consolidating credit card debt online online
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.To “settle your debts” means to offer your creditors a one-time lump sum payment to pay off part of what you owe them.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.
A legal type of debt consolidation is available in Canada through a Bankruptcy Trustee.
To learn more about using home equity to consolidate debts, click here.
It can be tempting to use your line of credit or bank account overdraft to consolidate your debts into one monthly payment.
However, if your credit rating has gone down because of your debts, you may have difficulty applying for a loan.
In this case one of our Credit Counsellors can help you look at other debt consolidation options.