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Local: 204 594 7160
Toll Free: 1-866-941-6353

 

Debt consolidation in Winnipeg

Debt consolidation, in Winnipeg and throughout Manitoba, means you repay your multiple creditors with a single loan that you have one monthly payment for. The interest rate is usually lower than on your existing debt, and you have the simplicity of just one payment. If your bank refuses you for a debt consolidation loan in Winnipeg or elsewhere in Manitoba, we can discuss other options to get out of debt.

Debt consolidation loans

If you are approved for a debt consolidation loan, your bank or financial institution will pay off your debts. In return, the financial institution will issue you a debt with a single monthly payment at what is likely a lower interest rate than your previous debts. Your eligibility depends on things like your credit rating, your total amount of debt, your income, and in some cases the security you can offer.

A debt consolidation loan can:

  • Combine your debts into one low monthly payment

  • Help simplify your budget

  • Save you hundreds or thousands of dollars of interest

  • Help you to pay your debt faster

As we are not a financial institution, Grant Thornton Limited cannot provide the debt consolidation loan to you. However, the professionals at Grant Thornton in Winnipeg can help you find out if this is an appropriate option for you.

Debt consolidation through a consumer proposal

If you think (or know) that you will not be able to qualify for a debt consolidation loan in Winnipeg or throughout Manitoba, you could consider a Consumer Proposal. A consumer proposal is a federally-legislated process to consolidate your debt into one simple payment and/or to repay only a percentage of the amount owing. A proposal gives you a fresh start, without having to go bankrupt.

We'll go over all your options for debt consolidation and becoming debt free

Our debt help professionals can suggest your various options and help you to select the one that is right for you. We will customize your plan to help you meet your unique long-term financial goals.

We can also provide solutions for other problems that may have resulted in you being declined for a debt consolidation loan. Our advice is based on your personal financial situation and discussing which debt solution is the best fit for you.

Debt help programs in Winnipeg and Manitoba

For debt consolidation advice, call us in Winnipeg at 204-594-7160 or toll free in Manitoba at 1-866-941-6353 for a free, no obligation, confidential consultation.

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