Debt Consolidation
Read our articles and real-life stories to learn lots of useful information about debt consolidation and what it involves.
How to apply for a debt consolidation loan?
If you think that a consolidation loan might be the solution to settling your debt, the following will provide you with more information with regards to eligibility, duration as well as advantages and disadvantages of the process.
Is debt consolidation a good solution for settling my debts?
Debt consolidation is done through a loan from your financial institution used to pay off all your other debts. In effect, the new loan replaces the old debts. Why consolidate...
The dangers of juggling multiple credit cards
As you will see from Sophie’s* case, having more than 2 credit cards can quickly turn the management of monthly payments into a real circus. By multiplying due dates,...
When to consolidate debt: Real-life case
We often wonder when we should consolidate our debts. The first thing that should prompt us to consider debt consolidation is if you have significant balances on your credit...
How to manage your budget with a reconstituted family?
Real-life case: A valuable lesson for a “new” family Derek and Macha** have been in a relationship for 2 years. With each having 2 children from previous relationships, they decided...
What is the difference between debt consolidation and consumer proposal?
In summary: Debt consolidation is a loan granted by your financial institution to repay all or part of your debts. A consumer proposal is an agreement negotiated on your behalf by...
How to settle your debts without going bankrupt?
More than ever, when it comes to resolving their debt, people have options other than bankruptcy. Why? First of all, because the consumer proposal, which is a reduced settlement...
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