Consolidating your debt canada
If you get turned down for a debt consolidation loan it is time to consider alternatives including filing a consumer proposal.
A consumer proposal is a settlement arrangement offered to your creditors that stops the interest and allows you to make one monthly payment you can afford.
Instead, all of our debt consolidation advice is centered around your financial situation, your priorities and finding what option will work best for you.
Our Counsellors can assist you right now with a plan to: has been helping people consolidate their payments and learn how to manage their debt and money better since 1996.
Over this time we have earned the Better Business Bureau's highest possible rating of A and have now been more appropriately designated an Accredited Charity.
Our unwavering commitment to provide Canadians with the best credit counselling and debt relief service has not only resulted in many awards for exceptional service but more importantly 97% of our clients surveyed report they would recommend our services to family and friends.
When you are ready to speak with someone about your , connect with us by phone, email, online chat, or in person at our office nearest you.
Our appointments are completely free and confidential and non-judgmental. If you would like to look into this some more before you talk to anyone, feel free to check out the 8 most common ways to consolidate debt in Canada.
Take charge of your finances with the CIBC Debt Consolidation Calculator.
This debt calculator can help you create a debt repayment plan.
Debt starts to increase again and those debt obligations are on top of maintaining the loan.
This can lead to a financial crisis where your situation is worse than it was when you sought the consolidation loan.
Debt consolidation has many benefits: Your first step is to apply to your bank or financial institution to see if you qualify for a consolidation loan.