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Debt Consolidation

Debt Consolidation Loans

Are your monthly bills piling up? Are you receiving letters or phone calls from creditors threatening to take legal action? Worried that you’ll never be able to pay off all of your debts? It’s an unfortunate and intimidating situation that more and more Canadians are finding themselves in. Fortunately, you have options. At Vehicle Loans Vancouver, we specialize in developing debt repayment plans through debt consolidation.

Debt Consolidation

What is Debt Consolidation?

Debt consolidation is the process of acquiring a loan to pay off many others. It’s often done to secure a lower interest rate and to consolidate many separate payments into one easy to manage payment.

Why Should You Consolidate?

  • Lowers your monthly payment
  • Organizes your debts into one monthly payment
  • Stops collections and creditors phone calls and letters
  • Reduces interest payments
  • Better helps you manage your finances

Rebuilding Your Credit Score

If your credit score has taken a beaten from multiple debts, a debt consolidation loan can help you rebuild and recover your credit score. When the banks and lenders see that you’re taking a proactive approach to paying off your debts, it will improve your score. In the eyes of the banks and lenders a debt consolidation loan shows that you’re done running from your debts and you’re willing to deal with them head on.

Why is Your Credit Score Important?

Good credit is important when borrowing money for things like:

  • Acquiring property
  • Financing vehicles
  • Operating a business

When you have a good credit rating, you’ll be in a more advantageous position to negotiate better interest rate and more flexible financing terms.

Gain Control Over Your Finances

If you’re finding it hard to manage all of your debt payments on top of things like rent, mortgage, groceries and utilities, a debt consolidation may help you gain better control over your finances. With a debt consolidation loan, you’ll receive one easy to manage monthly payment that doesn’t fluctuate from month to month. This allows you to budget around the expense the same way you would with other fixed expenses like rent and utilities.

Get Started Today!

Contact our Debt Consolidation Specialists today or fill out the form on the right to find out how we can help you take back control over your finances from your creditors!

Who We Are

Vehicle Loans Vancouver offers the quickest and best way to get your next car, truck, van or SUV. We offer unique car buying solutions to each of our customers.

Our Location

20611 Lougheed Hwy, Maple Ridge
Phone: (604) 862-5626

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