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Debt consolidation

WHAT IS DEBT CONSOLIDATION?<br>Debt can become unmanageable and overwhelming when you are dealing with multiple creditors, balances and interest rates. Debt consolidation is the easiest solution to get you back on track with a single loan payment that helps you pay down all your debt and begin a simple repayment plan.<br>https://www.charlesdebtmanagement.ca/personal-financial-services/consumer-debt-management/

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Debt consolidation

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  1. Debt Consolidation Services

  2. What is debt consolidation? • If you are struggling with multiple debts,debt consolidation helps to combine the debts into single one. • It’s a personal loan and have to pay for only once in a month • It helps to consolidate the credit card debt,line of credit ,car loan and other debt into single loan.

  3. How to obtain a debt consolidation loan? There are several ways to obtain debt consolidation services in etobicoke: • Through your financial institution • Mortgage broker • Finance company • Agencies providing debt management or debt settlement

  4. Advantages • One month payment • Lower interest rate • Lower monthly payments

  5. Disadvantages • All debts are not been consolidated • Need to have sufficient income • Need a cosigner or collateral • There will be no protection from your creditors

  6. Alternatives for debt consolidation • Must have a debt management plan • A consumer proposal

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