Start Consolidating student loans in canada

Consolidating student loans in canada

There are mortgage rules in Canada about using your home equity to consolidate debt.

A debt consolidation loan is when someone borrows money and then uses that money to pay off other debts.

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.

To learn more about consolidating debt with credit cards, click here.

A Debt Management Program (DMP) is a way of consolidating your unsecured debts without borrowing more money.

It allows you to get out of debt by making one monthly payment that fits your budget.

To find out if a DMP is a good debt consolidation option for you, one of our Credit Counsellors would be happy to look at your situation with you.

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.

Our appointments are either in-person, in one of our offices, or over the phone; whatever is easier for you.

Rather than using credit that never really has to be paid off to consolidate your debts, our experienced Credit Counsellors will help you look at all of your options.

Having a loan or repayment plan with one monthly payment that fits your budget will let you pay all of your debts off and get you back on track with your finances.

If you’re stressed and having trouble paying your debts, get help sooner than later.