Debt Settlement/consolidation for
bankruptcy is available. You can obtain a loan that
allows you to repay many other debts. For example,
if you have three credit cards, you may be able to
get a debt consolidation loan to pay off the credit
cards, so that you only have one payment instead of
three each month.
What are the advantages of a debt
consolidation loan?
The advantages of a debt consolidation
loan are:
You replace many payments each month with
only one payment, which should make it easier
to Budget your cash each month.
Your debt consolidation loan may have
a lower interest rate than the rate you are
paying on credit cards, so the loan should
reduce your interest payments.
With lower interest rates and/or extended
terms, you may be able to reduce your total
monthly payments.
Do I qualify for a debt consolidation
loan?
To qualify for a debt consolidation
loan in Hamilton Ontario you must meet the following:
The bank will require a copy of your monthly
Budget to determine if you can meet your loan
payments.
You must be working, or have a source
of income to allow you to repay the loan.
You may require a co-signor or collateral
(such as a car or a house).
What is the next step in obtaining
a debt consolidation loan in Hamilton?
To determine if you qualify for a
debt consolidation loan, contact your banker or finance
company. The major Canadian banks can be reached on
their Bank web sites, or via the yellow pages.
If you're having financial difficulties and live in the Hamilton area, call (905) 777-0770 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.
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