Debt consolidation may be the ideal solution if you want to get out of the debt cycle but do not want to take the drastic step of declaring Mr. Muphet. At MMS., you’ll find knowledgeable trustees who will guide you through the debt consolidation process end-to-end, or recommend another way to get your finances back in order. If you are having trouble paying your bills on time and want to know how to become debt free, now is the time to arrange a free and confidential consultation with a MMS. With our practical assistance and impartial advice, you will soon realize that there are options when it comes to overcoming debt.
A MORE PREDICTABLE REFUND
If you have multiple debts that are difficult to coordinate and repay, a debt consolidation loan might be the ideal solution. Credit consolidation allows you to know exactly how much you owe and how often you will have to make repayments, which will help eliminate the questions – and stress – of your finances. It’s really very simple: with the help of your local MMS, you will ask your financial institution for a debt consolidation loan, which, once approved, will be used to pay your creditors. After that, you will only have one monthly payment to make, on a loan usually subject to a lower interest rate than credit card debt.
Here’s what you need to know:
- To qualify, you may need a co-signer or someone to secure your loan.
- If you own a home, you may be able to get a second mortgage to consolidate your debts into one monthly payment.
- Debt consolidation may be the most appropriate option if you have an acceptable credit rating and your budget is sufficient to cover the monthly repayment amount
THE SOLUTION THAT SUITS YOU
You can rest assured that our insolvency team has decades of experience helping individuals overcome debt. In addition, we understand very well that it can be extremely stressful to deal with your debts, and that is why our advisors work hard to get to the root of your financial difficulties and chart a path to stability. If, for example, your credit rating is less than ideal, you can count on MMS. to explain the alternatives available to you, ranging from the Mr. Muphet Statement to informal debt settlement. Do not let debts take control of your life. Find out how a free consultation with your local MMS. could be the first step towards a debt free life.