If you are struggling to make ends meet, debt consolidation might be a solution to your financial troubles. Talk with a trustee to learn the pros and cons of debt consolidation and to see if it might be a good remedy for your difficulty with debt.

1. Bromwich & Smith: 1-866-353-6726 inquiries@solvingdebt.ca
Debt Consolidation Guide

2. Bromwich & Smith: 1-866-353-6726 inquiries@solvingdebt.ca
Debt consolidation is the
process by which you combine
your unsecured debt into one
loan.

3. Bromwich & Smith: 1-866-353-6726 inquiries@solvingdebt.ca
Your goal when shopping for a
debt consolidation loan should
be to find a loan with the lowest
interest rate you qualify for.

4. Bromwich & Smith: 1-866-353-6726 inquiries@solvingdebt.ca
Using the proceeds from your
consolidation loan, you will pay
off your individual loans in full,
leaving you with just one
monthly payment to your loan
holder.

5. Bromwich & Smith: 1-866-353-6726 inquiries@solvingdebt.ca
Secured Loan:
A consolidation loan secured by an asset
such as your home will help you get a
better interest rate.
UnSecured Loan:
An unsecured loan usually offers a higher
rate due to there not having any assets
attached.
What kind of consolidation loan should you get?

6. Bromwich & Smith: 1-866-353-6726 inquiries@solvingdebt.ca
The benefits of a debt
consolidation include saving
on interest charges, lower
monthly payments, and
making just one payment to
one lender.

7. Bromwich & Smith: 1-866-353-6726 inquiries@solvingdebt.ca
To learn more about the pros and cons of debt consolidation,
reach out to us here at Bromwich & Smith.
We will help you review all of your options to see which meets
your needs most effectively.

8. Bromwich & Smith: 1-866-353-6726 inquiries@solvingdebt.ca
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