Consolidation Loan Canada – 8 Canadian Debt Consolidation Options
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Consolidation Loan Canada – 8 Canadian Debt Consolidation Options

Keeping up with multiple loans, overdue bills, and credit card balances can feel overwhelming. Debt consolidation is one way to make paying them easier by combining them into a single monthly payment. It can also help improve your credit score by demonstrating responsible repayment behavior, but not everyone will be eligible for it. If you’re considering it, check out the following eight Canadian debt consolidation options.Go here

1. Loans Canada

Loans Canada is a loan broker that matches you with lenders who offer personal and debt consolidation loans for all credit scores. Its free application takes less than 10 minutes to complete, and you can use it to compare rates and terms to find the best options for your needs.

2. SkyCap Financial

SkyCap is an online lender that offers low-interest debt consolidation loans for people with good to excellent credit. You can apply for a loan amount of up to $100,000 and the company will let you know if you’re approved within 3 minutes. Its eligibility requirements are straightforward: you need a high credit score and income, and you must have an active checking account.

3. TD Canada Trust

TD Canada Trust offers debt consolidation loans with a fixed interest rate. Its terms can run from 1 to 5 years, and you can make weekly, bi-weekly, or monthly payments. You can even set up automatic payments to simplify your life and reduce the risk of missing a payment. To qualify, you must have at least 20% – 25% equity in your home.

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