Education and training in Sault Ste. Marie, Ontario
Credit Canada Sault Ste. Marie & District - Debt Consolidation Loans Guide
Offered by Credit Counselling Service of Sault Ste Marie and District
Suite 301 262 Queen St E, Sault Ste. Marie, ON P6A 1Y7
In short
A debt consolidation loan is a debt repayment strategy.
- Cost and access
- Free
- Where
- Suite 301 262 Queen St E, Sault Ste. Marie, ON P6A 1Y7
- How to reach
- (705) 254-1424 · info@creditcounsellingssm.ca · 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, its 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 its 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 wouldnt make financial sense to include them in a Canadian debt consolidation loan.
How do I get in touch?
Call (705) 254-1424, email info@creditcounsellingssm.ca, or use the website.
Listed in Sault Ste. Marie, Ontario.
Suite 301 262 Queen St E, Sault Ste. Marie, ON P6A 1Y7
Suite 301 262 Queen St E, Sault Ste. Marie, ON P6A 1Y7Sault Ste. Marie, Ontario
Directions