Debt Consolidation
Simplify your situation by grouping your debts together to make one payment.
  1. Debt Consolidation
  2. Debt Consolidation Canada – Choose the Right Option

How to Choose the Right Debt Consolidation Option

Choosing the right alternative out of the many debt consolidation options can be difficult, especially given how stressful it is to deal with debt to begin with. You want more than just a quick-fix. You need a debt solution that will help you deal with the debt you have right now, as well as help you stay out of debt in the future. Nothing would be worse than spending a few years making payments on a consolidation program now, only to struggle again a few years later with the same problem.

Each Type of Debt Requires a Different Solution

When you’re looking at a debt consolidation option that might work for you, consider the “what-ifs.” What if my income changes, up or down? What if my family or living situation needs to change? What if I face an unexpected expense? What if I can’t follow through with my plan/program?

If you’ve chosen a good debt consolidation option for your situation, your answers to these questions should be realistic and make sense. If you’re still unsure, speak to a trusted family member or friend to see what they think, or approach another organization for a second opinion about your debt consolidation options.

Getting the right advice now, about how best to consolidate your debts, means that you’ll gain money skills and knowledge to help you avoid debt troubles in the future.

Contact Us for More Information

Our Counsellors know that giving you the best guidance and information is what counts, even if that means referring you to someone else for the help you need. Call us at 1-888-527-8999 to make an appointment or to ask us some questions. We’re happy to help.


Related article

How to Get Good Debt Consolidation Advice for Free


<< Return to the Debt Consolidation blog overview page

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.

Related Articles

Debt consolidation

Debt Consolidation

There are a number of ways to consolidate your debt, and many aren’t well known. Learn more.

disadvantages of consolidating with credit cards

Credit Card Debt

Here are 10 tips that will help you deal with credit card debt and pay it off as quickly as possible.

A couple signing an agreement with advisor.

Credit Counselling

Are you curious about what credit counselling is or how it works? Here’s what you need to know.


Was this page helpful?

Helpfulness of page - face 1
Helpfulness of page - face 2
Helpfulness of page - face 3
Helpfulness of page - face 4
Helpfulness of page - face 5


Submit a Comment

Your email address will not be published. Required fields are marked *