Income and financial help in Barrie, Ontario
Credit Canada Barrie - Debt Management Program
Offered by Credit Counselling of Regional Niagara
49 High St, Barrie, ON L4N 5J4
In short
A debt consolidation loan is a debt repayment strategy.
- Where
- 49 High St, Barrie, ON L4N 5J4
- How to reach
- (705) 252-2327 · info@creditcanada.com · Website
- Last verified
- , by HelpSeeker
Contact the organization to confirm Call Email
About this service
A debt consolidation loan is a debt repayment strategy. Once someone has been approved for a debt consolidation loan by a bank, credit union, or finance company, it's used to merge multiple debts, or consolidate them, into a single debt. The borrower is then left with one monthly loan payment with a set interest rate. Most often, a debt consolidation loan can only be used to pay off unsecured, high-interest debts, such as credit cards and payday loans. While it's possible to find a lender who will include secured debt, such as a mortgage or auto loan, these types of debt tend to have comparatively low interest rates, so it wouldn't make financial sense to include them in a Canadian debt consolidation loan.
How do I get in touch?
Call (705) 252-2327, email info@creditcanada.com, or use the website.
Listed in Barrie, Ontario.
49 High St, Barrie, ON L4N 5J4
49 High St, Barrie, ON L4N 5J4Barrie, Ontario
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