Our Solutions

Debt Consolidation

What is debt consolidation?

A debt consolidation is a loan that allows you to pay off other debts. For instance, assume you have three credit cards you may be able to get a debt consolidation loan to repay 100% of the outstanding balance on all three cards. You would end up with one monthly payment instead of three. You are consolidating your many debts into one loan usually at a much lower interest rate.

What are the advantages of debt consolidation?

The advantages of a debt consolidation loan include; replacing many monthly payments with a single payment making it easier to plan and budget your monthly cash flow, reduced interest costs and with more time to pay overall monthly payments can reduce significantly.

How to find if you qualify for debt consolidation loan:
To qualify for debt consolidation you must meet the following:
· The bank will require a copy of your monthly budget to determine if you can meet your loan payments.
· You must be working, or have a source of income allowing you to repay the loan.
· You may require a co-signor or collateral (such as a car or a house)

What‘s the next step in obtaining a debt consolidation loan?

WBLI has a team of people to help you through tough times. We’ve helped hundreds of people just like you. Our success is based on earning your trust and seeing you through to financial freedom.

To help determine if you qualify for a debt consolidation loan, contact us today.

More Solutions

Direct Negotiation with creditors | Consumer Proposals | Division 1 Proposals | Personal Bankruptcy

WBLI serves clients in Nova Scotia, Canada.