LORI ASKED: Can I consolidate all my credit card debt into one LOW monthly payment without filing for bankruptcy? ANSWER: There are three ways to “consolidate” all of your personal credit card debts into one low monthly payment:
CAMERON ASKED: I was just wondering if I could consolidate credit cards and a line of credit as one payment? ANSWER: There are a couple of ways to consolidate your credit card debts and line of credit into one monthly payment.
Recently, a client told me that they'd like to keep one credit card that has a low interest rate and keep a line of credit for emergencies.
KEVIN ASKED: Am I able to claim bankruptcy if I already consolidated my credit card, line of credit and overdraft debts into one consolidation loan?
Everyone trying to get out of debt has the same options to choose from:
Consolidation loans are one of the debt settlement strategies we review with people but we're not a lender. While consolidation loans are a popular debt settlement strategy there are a number of issues.
We receive many questions regarding the difference between debt consolidation and a consumer proposal.