Consolidate with a Debt Consolidation Program

How Our Debt Consolidation Works

Debt consolidation is the process of combining two or more debts into one.  It should result in a single debt payment and lower total interest costs.

Through a debt consolidation program, Credit Canada Debt Solutions can consolidate your debts and provide you with a road map to becoming debt free. You will meet with ahighly trained credit counsellor who will:

• Review your budget to make sure a program is right for you
• Work with your creditors to reduce or remove interest
• Set your monthly payment at an amount you can afford
• Teach you about budgeting and setting financial goals

To consolidate your debt call us at 1-800-267-2272 or complete our Online Debt Assessment to speak with one of our qualified credit counsellors.

Hear Our Clients Talk about Debt Consolidation

What You Need to Know About Consolidation Loans

You may have already applied for debt consolidation with your bank or other financial institution. If your bank has turned you down for a consolidation loan you may need to improve your credit score. You should avoid taking a consolidation loan with any lender if the interest rate is higher than the rates you’re already paying.

It is important to remember that when dealing with debt problems you deal with the problems and not the symptoms. Consolidation loans are one way to tackle debt problems but credit counselling with one of our highly trained credit counsellors is always a good first step.

Your credit counsellor will go through your budget to see what options are available for you to deal with your debt. Your counsellor will explain each of the options available to you and make recommendations on your best course of action. We can show you the way to become free from debt problems but it is up to you to follow that map and stay the course.