Reduce your payment by up to 50%
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Tell us how much debt you currently have and the monthly payment amount. We'll take it from there.
Get instantly matched with the best debt consolidation solution for you from the top Canadian options.
Bask in the satisfaction of paying less per month and taking control of your finances.
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Debt consolidation is a loan intended to lower monthly payments from several debt sources. Lenders include banks, credit unions, private loan companies, and trust companies. Be sure to consider all your options and compare terms and rates. Comparewise can help you in this regard by providing you with multiple quotes to compare and analyze.
Debt consolidation comes in handy if your current debts are too much for you to handle. For example, if you find it unsustainable to make your monthly payments on your existing debts, debt consolidation may be a solution for you.
Once a Canada lender approves you for a debt consolidation loan, you will only have to pay that one lender instead of making payments to all of your previous debt sources. You'll work with the debt consolidation lender for the remainder of your loan term.
Lower your monthly payments