Category: Options canada

Finding Your Financial Footing through Debt Consolidation

Credit canada

Across Canada, people struggle with debt every day. Sometimes producing stress and anxiety, debt can cause people to feel like they are out of options. Personal debt has reached record highs, as has the number of Canadians looking for financial help. In fact, between 1999 and 2008, total consumer borrowing skyrocketed from $4.6 trillion to $12.7 trillion. Since then, consumer debt has fallen by $1.4 trillion. One of the tools in the arsenals of credit counseling firms is debt consolidation. After consolidation debt doesn’t disappear, but it becomes easier to manage.

Through the debt consolidation process, those with many loans are able to combine all of their debts into one loan to make repayment easier by taking out another loan. The process isn’t difficult to understand, but it’s not right for everyone, so

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