Thread: Debt consolidation
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Feb 19th, 2008 02:11 PM
#1
Debt consolidation
I am having difficulty finding (canadian) resources for debt consolidation.
Got a 20k debt @ 10%, and was wondering If I could get a better rate.
Any ideas of where to start?, besides the bank I have the debt with
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Feb 19th, 2008 03:03 PM
#2
Have a look at www.ioucentral.ca. Maybe you can get a better rate there.
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Feb 19th, 2008 04:09 PM
#3
Wow, I never heard of that site. Anyone try them for lending?
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Feb 19th, 2008 08:14 PM
#4
google : credit counseling society of bc
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Feb 19th, 2008 09:51 PM
#5

Originally Posted by
fakishan
Got a 20k debt @ 10%, and was wondering If I could get a better rate.
i
how much is this monthly? and when will it be all paid off??
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Feb 19th, 2008 10:03 PM
#6

Originally Posted by
gerbil
how much is this monthly? and when will it be all paid off??
about 138$ and that's just the interest (yeah very bad situation).
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Feb 19th, 2008 10:04 PM
#7

Originally Posted by
Germack
Haven't read everything, but at a glance seems to be for business and investment purposes.
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Feb 19th, 2008 11:17 PM
#8

Originally Posted by
fakishan
I am having difficulty finding (canadian) resources for debt consolidation.
Got a 20k debt @ 10%, and was wondering If I could get a better rate.
Any ideas of where to start?, besides the bank I have the debt with

If your credit is decent (beacon over 650) you might be able to get an unsecured line of credit at a lower rate than that. For fixed rate loans though, banks usually reserve the single-digit rates for secured loans.
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