However, by doing that, you run the risk of never paying your debt off.
Rather than using credit that never really has to be paid off to consolidate your debts, our experienced Credit Counsellors will help you look at all of your options.
Getting help from us is as easy as giving us a call or chatting with us online.
We know that it can be hard to ask for help with your debts, so we do everything we can to answer your call quickly, provide you with the information you are looking for and book you a free credit counselling appointment if that’s what you need.
To learn more about consolidating debt payments with a Debt Management Program, click here.
To “settle your debts” means to offer your creditors a one-time lump sum payment to pay off part of what you owe them.
Related: More information on how a debt consolidation loan works Home equity is what’s left when you subtract what you owe on your house from what it’s worth.
Some people think of home equity as how much they’ve paid off on their mortgage.
In return, they will write off what you aren’t able to pay back.
It is important to speak with one of our Debt Settlement Specialists to find out if signing a debt settlement agreement with your creditors is a good option for you.
We’ll help you prepare your budget and the information you need for your appointment ahead of time.