When you find yourself paying several lenders, and it seems like your whole pay cheque is being sent out quicker than you receive it, you might want to consider a debt consolidation loan.
Consolidation loans are a great way to manage your debt. The problem is, they are hard to get approval for. If you qualify for a consolidation loan, it will allow you to:
If you carry around a credit card or two, like most Canadians, it’s not necessarily a problem. Credit cards offer convenience and flexibility, and used correctly, can help you build a good credit rating as well.