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A very common option to solve your debt problem is for you to apply for a debt consolidation loan with your bank or some other financial institution.
A debt consolidation loan allows you to make one easy payment over time to rid yourself of the debt, since the financial institution pays out your other debts. However, the problem worsens for you if you are turned down for this loan, or even worse, if you take on this loan, and you find you cannot manage the monthly payments because of other financial responsibilities in your life.
Another common way to obtain a debt consolidation is through mortgage financing, where your debts are paid out by a lender who then puts a charge against your house.
In our years of experience we have also found that many of our customers refer to a consumer proposal as a debt consolidation.
To find out what “debt consolidation” means to you and your situation, please click here for your free consultation or call 46 736 HELP (4357).