Can Debt Consolidation Hurt Me Financially?

Posted in Debt Help
Posted by Howard Hayes, Btec, CIRP - LIT

"Debt consolidation" is often a phrase that people associate and confuse with "debt relief".  The belief is that if you consolidate your debt, you’ll be better off. But is that true? There are pros and cons to the different forms of debt consolidation. Whether or not it's right for you depends on your situation. Consolidating […]

What's The Right Way To Consolidate Debt?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

We talk with licensed mortgage agent, Mark Moreau to get his take on loaning against your home. He talks about the process of refinancing a home through a secured line of credit or second mortgage.

Show #37 - Full Transcript - Debt Consolidation

Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Listen to the podcast about What's The Right Way To Consolidate Debt Doug H:            Welcome to Debt Free in 30, the show where every week we talk to industry experts about debt, money and personal finance. I'm Doug Hoyes. So, you've got a bunch of debts. You owe money on three different credit cards, and […]

Turned Down For Debt Consolidation: A Windsor Case Study

Posted in Success Stories

Download Windsor Debt Consolidation Declined Case Study PDF Michael and Christine (not their real names) were a young Windsor couple experiencing cash flow problems. Mortgage payments, car loan payments, a bank loan to finish their basement and some over-used credit cards were using up most of their take-home pay. They approached their bank for help with a […]

Failed Debt Consolidation. Now What?

Posted in Debt Help
Posted by Angela Marquis, CERTIFIED CREDIT COUNSELLOR

Sometimes when faced with numerous loans and credit card bills, the first step people try is obtaining a debt consolidation loan.  The attraction is obvious – a single, lower monthly payment where a lot of unmanageable monthly payments used to be. Remember a debt consolidation loan does not actually reduce your debt.  While debt consolidation […]

Will A Second Mortgage Clean Up All Your Debts?

Posted in Debt Help
Posted by Angela Marquis, CERTIFIED CREDIT COUNSELLOR

The number one reason people take out a second mortgage is to pay off credit card debt! The question is will this help you clear up those debts? For some people it will and for others, it can create even more problems. Before you commit yourself to a possibly high interest second mortgage, here are […]