Debt Consolidation Winnipeg
About Candidate
There are numerous options for dealing with your debts. These include, among others, debt consolidation, bankruptcies, and consumer proposals.
Debt consolidation occurs when a person takes out a single loan to pay off a number of smaller debts. The idea is to replace multiple, high-interest debts with a single, unified or ‘consolidated’ loan. Contact Caplan Debt Consolidation Winnipeg today if you are interested in discussing the mechanics, benefits, and pitfalls of debt consolidation. Debt relief Winnipeg residents, and all residents of Manitoba, can schedule a free in-person consultation at their earliest convenience.
How Do I Qualify for a Debt Consolidation Loan?
Debt consolidation loans are generally offered by large financial institutions. The institution from which you seek your loan will determine the specific requirements. In general, though, consolidation loans require satisfactory credit scores and a steady income – if your credit is too low, or if you have insufficient income, you may want to consider a Consumer Proposal or filing for bankruptcy. In some cases, you may need to offer collateral – often your home – in order to qualify for a debt consolidation loan. Winnipeg residents can schedule a consultation with Caplan Debt Solutions to go over the details.