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.
Or, it might make sense to consolidate high interest rate debts into one monthly payment with a lower interest rate.
Credit cards can be easy to get into trouble with because after you make a payment, unless you’re maxed out, you can use your credit card again. Before you apply for a low rate credit card to consolidate other debts, make a free, confidential appointment with one of our Credit Counsellors and look at other debt consolidation options.
A debt consolidation loan is when someone borrows money and then uses that money to pay off other debts.Getting help from us is as easy as giving us a call or chatting with us online.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.The appointment doesn’t cost you anything, it’s completely confidential and without obligation.In return, they will write off what you aren’t able to pay back.