Canada offers several debt consolidation options to give residents debt relief in Victoria. You may consider consolidation loans for bad credit and other debt consolidation programs. Before choosing one, you should schedule an appointment with experienced debt consultants to discuss the pros and cons. They can refer you to an LIT when you’re ready.
Compile Debt Information
You must first compile your debt information. Collect your most recent bills from all creditors. Your debt consultant needs to see these details to recommend the appropriate steps for debt relief in Victoria. Many debt types qualify for consolidation loans, including credit cards, unsecured lines of credit, and more. They will let you know which debts you can include and which don’t qualify.
Review Your Income and Budget
In addition to your debt, you will need to provide information about your income and other expenses. Your debt consultant will determine how much you can afford to pay each month, considering your bills to help you create a livable budget.
Schedule a Consultation
4 Pillars debt consultants work with individuals to determine the best debt consolidation solutions in Victoria. They will discuss how each process works and help individuals decide which one to pursue. Once you choose which debt relief program you want to use, they will refer you to a LIT to start the process.