Consolidating debt canada trust
Late or missed payments may cause your program to be cancelled and in that event, this estimate would not apply to you.
Review case studies from real debt management program graduates to see how credit counselling helped them find debt relief through credit consolidation.
You should know all of your options before doing anything.
There are other ways to get out of debt besides through a debt consolidation loan.
The company you choose to work with will negotiate your interest rate down and set up a repayment plan. You will pay one fixed monthly payment to the consolidation company that is then dispersed to your creditors, minus their fees.
One of the advantages of this debt relief program is that you don’t need perfect credit.
Working with a trained credit counsellor can reduce or eliminate interest charges and lower your total payments by up to 30-50% See debt consolidation in action » Don’t waste time and energy hunting down the answers you need to your top debt and credit questions.
For immediate assistance, please call: Hours of Operation: Monday – Thursday 8AM to 10PM (EST) Friday and Saturday 8AM to 8PM (EST) Sunday 9AM to 5PM (EST) Headquarters: 505 Consumers Road, Suite 400 Toronto, Ontario M2J 4V8 Ontario Registration #: 4705786 This estimate compares paying your credit card debt on your own vs. Actual interest rates will vary by consumer and creditor – yours could be higher or lower.
Getting a consolidation loan with a high rate just doesn’t make much sense.
So, if you have bad credit what are your options for consolidating your debt? Transactions are not always black and white, relationships play a big part in a credit union.
But how do you get a debt consolidation loan with bad credit?
We asked the experts to find out the best types of loans for consolidating debt for people with poor credit.