To learn more about the pros and cons of consolidating debt with a line or credit or overdraft, click here.
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.
The appointment doesn’t cost you anything, it’s completely confidential and without obligation.
Our goal is to provide you with expert advice about your debts so that you can resolve your situation successfully.
In this case one of our Credit Counsellors can help you look at other debt consolidation options.
Related: More information on how a debt consolidation loan works Home equity is what’s left when you subtract what you owe on your house from what it’s worth.
Consolidating multiple credit accounts into one new loan with a single payment may help you lower your overall monthly expenses, increase your cash flow, and eliminate the stress of multiple monthly payments.
When you're choosing the term of a loan, consider the total amount of interest and fees you’ll pay.
It can be tempting to use your line of credit or bank account overdraft to consolidate your debts into one monthly payment.