If you're having financial difficulties and live in the Burnaby area, call (604)-451-5799 today to meet with one of our experts, or complete the ask a question form to send us a message and we'll get in contact with you.
What is a debt consolidation loan?
A debt consolidation loan is one that allows people to pay back all of their debts in one single payment. For example, if you have a number of credit card debts, and are used to making multiple monthly payments, a debt consolidation loan will allow you to pay all of them with only one payment.
Why is one monthly payment better than several?
Usually people like one monthly payment because it makes budgeting easier. Debt consolidation loans also have lower interest rates than credit cards.
How do I know if I qualify?
To figure out if you qualify, you must give a copy of your monthly budget to the bank (to prove that you are capable of making payments), you must be employed or have some form of income, and you may need someone to be a co-signor.
What next?
If you believe a debt consolidation loan would be ideal for you, please contact us today. Our licensed bankruptcy trustees in Burnaby, British Columbia will meet with you personally, to ensure that you understand all of the available options and to make sure you are making the right decisions.
