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Hamilton (905) 769-2005

Debt consolidation can be a life-saver, particularly when facing a potential Bankruptcy. However, while debt consolidation services can often present a feasible solution for managing debt, it’s not always the best choice for every financial situation.

Debt Consolidation in Hamilton and Toronto

In a perfect world, all of your personal debts (including mortgages, credit cards, car payments, personal loans, lines of credit, etc.) would be fully paid off before you retire. This is generally considered ‘best practice’ because upon retirement, we rely on subsidized income (such as retirement savings, workplace pensions, RRSPs, CPP) for our living expenses.

The Bank of Canada has raised their interest rates for the second time this year, and while economists assure us that this is a sign of faith in the stability and growth of our economy, the increased rates will impact the costs of debt for residents of Toronto and Hamilton, as well as every household across