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1. 3 Truths About Debt Consolidation
on How it Solves Debt Flaws

2. WHAT IS DEBT
CONSOLIDATION?
From different financial terms, debt
consolidation is the combination of several
unsecured debts like- payday loans, credit
cards, medical bills into one monthly bill with
the illusion of a lower interest rate, lower
monthly payment, and simplified debt-relief
plan.

3. 3 TRUTHS ABOUT DEBT CONSOLIDATION AND
HOW THEY ARE WORTHY TO HELP YOU CLEAR
YOUR DEBTS
A Debt Consolidation Loan is not the Same as a Program
of Consolidate Debt.
There are many ways to consolidate debt and clear ones. A debt consolidation loan
involves borrowing a new worthy loan from a recognized body. A debt consolidation
program involves the help of a professional who will care to help you clear off the
loan. They will help negotiate with the creditors and lender to change your terms to
restructure as per your budget preparation.

4. YOU ARE ONLY RESTRUCTURING
YOUR DEBTS
Consolidating your debts does not pay it off. It is more
of restructuring it, so it is more friendly with budget
allocation. The restructuring will depend on what your
achievements are! If you want lower monthly
payments, you can stretch the payment terms under the
loan structure. You should target to shorten your loan
terms to lower the interest amount you will pay.

5. IT HELPS YOU BUILD YOUR CREDIT AS YOU
PAY OFF THE DEBT -AT LEAST IF YOU USE
A DEBT CONSOLIDATION LOAN.
Since this involves a new loan, paying it off regularly can help
you manage your credit profiles. In this way, you can pull off
your debts while increasing your credit score.

6. WHICH IS A TRUSTED
WEBSITE TO SEEK A
GUIDE ON DEBT
CONSOLIDATION?
Hence, if you, as a user, are
looking for more guidance on Debt
Consolidation in Canada, never
miss connecting RateShop.ca!
Recognized by CMP, they stand as
“Top Independent Brokerages in
2020” to seek guidance on
mortgage rates!

7. THANKS
https://www.rateshop.ca/