Debt Consolidation Review Canada | What is Debt Consolidation?
Put simply, debt consolidation can be broken up into two words in order to give the most accurate definition. To “consolidate” means to “put things together.” In terms of consolidating debt, it means taking two or more separate debts and putting them together into one new debt. There are different ways of consolidating debt. Some require borrowing more money; others use money you’ve already got to pay back part of what you owe. Sometimes the payments happen over a period of time, while other times it’s possible to make a lump sum payment against the debt.
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When you are ready to take the next step, or if you would like more information about debt consolidation, feel free to contact us to discuss your situation confidentially with one of our Credit Counsellors. You chat with us online or call us toll free at 1-888-527-8999. One of our Credit Counsellors will discuss your situation with you; this is 100% confidential and free. We’re always happy to help and share our expertise with you.