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Debt Consolidation

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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