Are you paying multiple loans, several credit card bills, and having trouble keeping up as debt and interest charges rise?
Debt consolidation will allow you to consolidate multiple debts and lines of credit into one manageable, reduced monthly payment plan with the help of EmpireOne Credit, helping you get out from under multiple loans and managing your finances easier.
To begin your debt consolidation and repair bad credit, get a free consultation from EmpireOne’s registered credit counsellor now.
Overwhelmed by bank loans or line of credit debt? We can help you to eliminate or reduce your debt by up to 80%.
Are you making minimum payments on your high interest credit card debt, using one card to pay off another—or missing payments altogether? We can help you reduce or eliminate your credit card debt.
If high-interest payday loans are keeping you from getting ahead, work with our team to stop the interest and eliminate the loan.
Do you owe tax debt to the CRA? We can help you reduce or eliminate your tax debt while avoiding more serious problems.
Are you harassed by creditors and collection agencies, stressed out by the constant calls? We can help you put an end to those calls, getting relief within 10 days of filing.
We can help put a stop to your wage garnishment and prevent your bank account from being garnished further - quickly!
If you are ready to get one easy manageable monthly payment and stop calls from creditors, set up a free consultation now with a member of our EmpireOne team.
EmpireOne Credit is dedicated to helping clients in the Greater Toronto Area who are struggling with debt and financial hardship. EmpireOne Credit’s passion is derived from the knowledge that the situation isn’t always as bad as it seems. Through credit counselling, EmpireOne guides their clients toward the best options possible, whether that is a debt consolidation, a consumer proposal or declaring bankruptcy.
Regardless of the path taken, EmpireOne Credit is proud to help clients every step of the way.
Debt consolidation is a form of debt refinancing taking one loan out to pay off many others. It doesn’t erase the original debt amount but transfers the amount to a different lender or type of loan. Multiple debts are combined into one, with one monthly payment that includes a lower interest rate, making this easier to pay off the debt consolidation sooner. A debt consolidation is used as a tool to deal with student loan debt, credit card debt, and other liabilities.
Debt Consolidation is a personal loan you apply for in an amount that will pay off all or some of the existing debts that you wish to get paid. The lender will review your credit and verify your income to ensure your qualification. Once the lender approves your loan, the interest rate will be set based on your credit score. The money from the loan will be used to pay off all or some of your existing debts. It can make your life easier as you only have to repay the consolidation loan with a one monthly payment.
Debt consolidation involves taking out one big loan to pay off many small loans while in a consumer proposal, it takes care of all unsecured debts, reduces the debt amount, and having to pay only one low monthly payment, stopping all interest.
While debt consolidation lowers or eliminates your debt, it has a positive impact on your credit score, too. Beyond helping you reduce your number of monthly payments into one payment that is more manageable to keep you on track by not missing any payments that helps to build your credit score.