One way we do this is by consolidating your merchandise


02-Sep-2014 05:49

one way we do this is by consolidating your merchandise-54

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So if you ask your bank for a debt consolidation loan of ,000, but your net worth is only ,000, they will probably decline your request.They may be able to give you a ,000 unsecured loan (10% of your net worth), but not much more.If none of the above options will work for you, you can speak with a Credit Counsellor to see what other options may be available to you.You may qualify for a debt management program or orderly payment of debts program (depending on your province).

If your bank or credit union can’t help you, then see if maybe a family member or friend is able to lend you the money necessary to consolidate your debts.

You can see if your bank or credit union is able to provide you with a debt consolidation loan.



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