Debt Solutions Winnipeg

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Owyn Branch

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Dec 1, 2022, 1:18:44 PM12/1/22

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What are Some of the Downsides of Debt Consolidation

You still have to pay 100% of the balance that you borrow

You still have to pay interest on your debt

You don’t get the benefit of financial counselling from a qualified professional

You don’t get an independent professional review of your financial situation by a qualified insolvency professional You may not qualify. Because most consolidation loans are provided by banks, the criteria for qualifying for a loan can be quite high.

While a consolidation loan may help you resolve your debt issues, it may not solve the root cause of your financial problems. Contact Caplan Debt Solutions Winnipeg to schedule a credit counselling session today.