You have a few outstanding debts and are having trouble keeping up with the monthly payments. A debt consolidation loan can be an efficient alternative to consolidate these multiple payments into one. You end up with a simpler debt repayment plan and may be able to lower your overall monthly payments.
But is a debt consolidation loan the best option for you? Who should you borrow from? Your banker, a mortgage company or a finance company? Are there other alternatives that will help you get out of debt sooner?
Our quick slideshare offers a brief overview of the landscape of debt consolidation in Canada, including the advantages and disadvantages of taking out a debt consolidation loan.
Want to know more? We’ve also summarized some of our most read blog articles about debt consolidation to help you make the right choice.
Where to Start
- Know Your Debt Consolidation Objectives
- How A Mortgage Consolidation Works
- Is An Unsecured Debt Consolidation Loan The Solution?
- Will You Qualify For A Debt Consolidation Loan?