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.
To learn more about consolidating debt with credit cards, click here.
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.
Our goal is to provide you with expert advice about your debts so that you can resolve your situation successfully.
If you’re stressed and having trouble paying your debts, get help sooner than later.
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 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.
If a DMP is a good option for you, they will explain how it will consolidate your debts into one payment, how the interest rate is lowered or waived by your creditors and how we will help you successfully complete your Debt Management Program.
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.