Toronto Debt Consolidation is essentially a ‘reorganization’ of your unsecured debt into one manageable payment plan. This plan, run through either a bank or a private lender, can offer considerably reduced interest rates to save you a great deal of money that would otherwise be lost in interest.
Debt consolidation in Toronto can also offer an opportunity to renegotiate your payment plan, allowing you the opportunity to work out a more manageable schedule that better suits your current financial situation.
When it comes to debt consolidation services, it’s important to know that Fuller Landau is not a lender, and cannot issue a loan on your behalf. Our objective is to simply help you find the most favourable solution to your debt problems, whether it be through debt consolidation or credit counselling, or a more serious solution such as a Consumer Proposal to help you avoid Bankruptcy.
Debt Consolidation and Your Credit Rating
While debt consolidation will qualify as another loan on your record, which could nudge your credit score down in the short-term, it more than makes up for this slight dip when compared to the alternative of missing payments, defaulting on loans, and possibly even being forced to declare Bankruptcy down the line.
When you first meet with Fuller Landau for an initial consultation on your financial situation, we’ll discuss all of the alternatives available to you, and the impact each would have on your credit rating, moving forward.
More Simple. Less Expensive.
Debt consolidation plans are custom-tailored to your debt, your needs, and your current financial situation, and could include any of the following:
To learn more about Fuller Landau’s debt consolidation services, or to schedule a free assessment on getting a fresh start, contact us today at our Toronto and Hamilton offices.