Debt Consolidation
Simplify your situation by grouping your debts together to make one payment.

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.

Explore the Many Debt Consolidation Options

There are many different ways of dealing with debt. Here we’ll briefly outline some of the ways people consolidate debt.

Jump to a debt consolidation topic:

How to Choose the Right Debt Consolidation Option

Using a Debt Management Program to Get Out of Debt

Common Debts People Are Looking to Consolidate

What is a Debt Consolidation Loan?

Using Home Equity to Consolidate Debts | Refinance Your Home or Get a Second Mortgage

Using a Line of Credit or Bank Overdraft to Consolidate Debts

Debt Consolidation Using a Credit Card

Becoming Debt Free with a Debt Settlement

Consolidate and Settle Debt with a Consumer Proposal

Borrowing Money from Family and Friends to Consolidate Debt

Debt Consolidation Company Review

Contact Us for More Information About Debt Consolidation

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.

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Not sure which option is right for you?

Get answers from an expert.

With so many debt consolidation options out there, it can feel overwhelming to try and find the right one by yourself. One of our professional credit counsellors would be happy to guide you through this process by carefully reviewing your whole financial situation with you and answering any questions you have. Speaking with our certified counsellors is always free, confidential and without obligation. 

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