Debt Consolidation

Interest Rates on Debt Consolidation Loans Interest rates on unsecured forms of borrowing, like credit cards and personal loans, are often double-digit. It is not unusual for people to pay creditors over 30 percent per year on these loans, with some short-term loans bearing an annualized rate of more than 100 percent. Given these high … Read more

The Secrets Behind Personal Debt Consolidation Loans in Canada Are you currently exploring personal debt consolidation as a way to escape debt that you have accumulated? Here’s everything that you need to know about this particular option. There are numerous ways to escape a significant level of debt that you are dealing with. It’s important … Read more

Consolidating Credit Card Debt Credit cards are an excellent tool that, in theory, allows you to purchase something while delaying payment. For significant expenses that you couldn’t afford to make in one lump sum, it can be a good idea to spread out payment, plus interest, over a few months. Unfortunately, when credit card utilization … Read more

What are the Risks Of Debt Consolidation Loans? The idea of a debt consolidation loan is fairly straightforward. You receive a new personal loan with more favourable terms and use the money to pay off multiple high-interest rate debts, such as credit card debts. You’ll have a single monthly payment, which will benefit you and … Read more

Avoiding Common Debt Consolidation Mistakes You may soon become stressed out and tired of calls from collection agencies and looking at the continuous stream of credit card statements that begin to pile up at home. Therefore, you may consider consolidating your debt to help get you back on your feet. When you avoid common mistakes, … Read more

What are the Reasons For Debt Consolidation Being Declined? Many households in Canada are worried about the rising cost of living. Especially when their income doesn’t necessarily rise to meet it. In order to bridge the gap between income and expense, many are forced to rely on lines of credit to keep the proverbial wolves … Read more

Information on Debt Consolidation What you need to know before consolidating debt. Get fast facts on debt consolidation, what it could mean your finances and whether it’s the right option for you. A proactive approach to debt management is always a good thing but it’s important to understand the implications of your financial decisions. If … Read more

What Options Do I Have to Consolidate My Debt? For many Canadians, debt has become an unavoidable part of day-to-day life. As the cost of living continues to rise, yet our wages don’t rise to meet it, we can find that we need to pile debts on top of debts just to keep our heads … Read more

Are Debt Consolidation Services the Right Solution? Household debt has become just another part of daily life for many of us. Since the ‘90s, we’ve had low interest rates and easy access to cheap credit. As such, we’ve become accustomed to leveraging credit to pay for everything from unforeseen expenses like auto repairs to luxuries … Read more

Getting A Debt Consolidation Loan With Bad Credit The harsh reality of life is that there will be times when you can’t afford to pay your bills. For example, this might be due to loss of earnings or other personal circumstances. When repayments don’t get met as agreed, you’re likely to end up with bad … Read more

When you are dealing with a number of debts, consolidating your debts is one option that often makes them more manageable. By consolidating your debts, you can turn several different payments into a single payment, which makes it easier to manage and pay what you owe. There are various ways to consolidate your debts, including … Read more

Consolidating Debt With a Line of Credit If you owe a lot of money to a bunch of different people, it can be stressful, especially if you make late payments. Each creditor wants to know when you will repay them, and so they all correspond with you independently. Thus, you continually have to juggle letters, … Read more

Debt Consolidation Dangers Consolidation loans are a common debt relief option for those that are struggling with multiple debts and high interest rates. By consolidating all of your debts, you can reduce the interest that you pay, but there are a lot of potential dangers involved with consolidating your debts. It is important that you … Read more

What Can I Do if I Was Declined for a Debt Consolidation Loan? Paying back your debts can be much easier with a consolidation loan. However, there are situations in which you might be declined for one. Thankfully, there are a handful of alternatives to consider if you’re having money problems that keep piling up … Read more

How to Get Debt Consolidation with Bad Credit Debt consolidation can be a useful way to get the money you owe under control. But could it still be beneficial when you have a bad credit score? This article will explain everything you need to know. People who are suffering from high levels of debt often … Read more

A survey conducted on behalf of insolvency firm MNP last year revealed that as many as 47% of Canadians foresee issues covering basic living expenses due to debt this year. Unless, of course, they take on more debt to see themselves through. This snowball effect has primarily come to the fore since announcements of upcoming … Read more

Debt Consolidation Advice Debt consolidation can be a most effective strategy to help you eliminate your debt burden. Even substantial financial liabilities can be made more manageable, brought more into control by means of simply consolidating them all into one easy to manage, more affordable one. However, before you consolidate your debts, it helps for … Read more