Debt Consolidation Guide
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Transcript of Debt Consolidation Guide
![Page 2: Debt Consolidation Guide](https://reader038.fdocuments.in/reader038/viewer/2022100606/55a0f6a01a28abda4f8b47ec/html5/thumbnails/2.jpg)
Bromwich & Smith: 1-866-353-6726 [email protected]
Debt consolidation is the process by which you combine your unsecured debt into one
loan.
![Page 3: Debt Consolidation Guide](https://reader038.fdocuments.in/reader038/viewer/2022100606/55a0f6a01a28abda4f8b47ec/html5/thumbnails/3.jpg)
Bromwich & Smith: 1-866-353-6726 [email protected]
Your goal when shopping for a debt consolidation loan should be to find a loan with the lowest
interest rate you qualify for.
![Page 4: Debt Consolidation Guide](https://reader038.fdocuments.in/reader038/viewer/2022100606/55a0f6a01a28abda4f8b47ec/html5/thumbnails/4.jpg)
Bromwich & Smith: 1-866-353-6726 [email protected]
Using the proceeds from your consolidation loan, you will pay off your individual loans in full,
leaving you with just one monthly payment to your loan
holder.
![Page 5: Debt Consolidation Guide](https://reader038.fdocuments.in/reader038/viewer/2022100606/55a0f6a01a28abda4f8b47ec/html5/thumbnails/5.jpg)
Bromwich & Smith: 1-866-353-6726 [email protected]
Secured Loan:A consolidation loan secured by an asset
such as your home will help you get a better interest rate.
UnSecured Loan:
An unsecured loan usually offers a higher rate due to there not having any assets
attached.
What kind of consolidation loan should you get?
![Page 6: Debt Consolidation Guide](https://reader038.fdocuments.in/reader038/viewer/2022100606/55a0f6a01a28abda4f8b47ec/html5/thumbnails/6.jpg)
Bromwich & Smith: 1-866-353-6726 [email protected]
The benefits of a debt consolidation include saving
on interest charges, lower monthly payments, and
making just one payment to one lender.
![Page 7: Debt Consolidation Guide](https://reader038.fdocuments.in/reader038/viewer/2022100606/55a0f6a01a28abda4f8b47ec/html5/thumbnails/7.jpg)
Bromwich & Smith: 1-866-353-6726 [email protected]
To learn more about the pros and cons of debt consolidation, reach out to us here at Bromwich & Smith.
We will help you review all of your options to see which meets your needs most effectively.
![Page 8: Debt Consolidation Guide](https://reader038.fdocuments.in/reader038/viewer/2022100606/55a0f6a01a28abda4f8b47ec/html5/thumbnails/8.jpg)
Bromwich & Smith: 1-866-353-6726 [email protected]
For More Information & Other Financial Tips,
Visitwww.SolvingDebt.ca