Get instantly approved home equity loans for debt consolidation

By: Ontario Mortgage Action Centre  09-12-2011
Keywords: Debt Consolidation, debt relief, Debt Relief Tips

Browse >

/ Archive by category 'Debt Relief Tips'

I came across an article from reportonbusiness.com yesterday that supports the idea that the Canadian economy is not in a recession. And by true definition of a “recession” maybe the people over at reportonbusiness.com are right…. However…

These reasons are always followed up with a litany of reasons why debt consolidation is a bad idea.  There are a few negatives associated with debt consolidation – if you don’t make changes in your mindset and the way in which you deal with money.

You’ve seen TV ads from personal bankruptcy lawyers telling you about all the ways filing for bankruptcy can help you.  What they don’t tell you is that there are some severe limitations.  Here are some of the things that it CAN’T do:

Stop Repossession – Filing for personal bankruptcy won’t stop repossession, so if you’re behind on your payments and you file for bankruptcy protection, you can kiss your car goodbye.  It will delay the process, so it can be a long goodbye.  The only way to stop the repossession process is to get current with your payments.  If you can’t catch up you need to face the harsh reality that you can’t afford to keep it and you’ll probably need to get used to walking. 

It’s happened countless times in Canada with dishonest consumer credit counseling services: 

The culprits in these schemes?  Bad apple consumer credit counseling services whose agenda isn’t in helping you, but helping themselves – to your cash.

Keywords: Debt Consolidation, debt relief, Debt Relief Tips

Contact Ontario Mortgage Action Centre

Email - none provided

Print this page

Other products and services from Ontario Mortgage Action Centre

09-12-2011

Grab the opportunity to get top debt consolidation loans and tips for refinancing home

As the citizens of the world are bracing against the downturn and life has gone back to the basics, realigning our finances could mean a better way of coping with the current times. Deciding to refinance a mortgage is a big financial decision and it takes more than the decrease in interest rates to urge you to avail of another loan.


09-12-2011

Low Mortgage Rate Refinance : Get Info About Best Mortgage Rate Refinancing

Your broker is going to have in his or her possession your entire financial life, from Social Insurance Number or Social Security number, and how much you make, to how long you’ve worked for your present employer. I read an article the other day supposedly written by a mortgage broker that said that when you’re refinancing you can’t be afraid to take chances if you want to get your refinance or home equity loan approved.


09-12-2011

Credit Repair Help - Part 2

If, like most Canadians, you don’t pay close attention to your credit card terms of service, you may not have noticed that the standard 25 day period has fallen to as little as 15 days.Most of us just take for granted that these things never change, but the fact of the matter is that credit card companies are looking for new ways to make money.


09-12-2011

Get Info About Best Mortgage Rate Refinancing

In an attempt to avoid getting one’s home into foreclosure, many resort to refinancing their mortgages or stretching their credit limits so that sometimes they are in a deeper, more complicated financial mess than prior to making those seemingly unnecessary decisions. This fact makes it a more precarious situation for lenders therefore they offer second mortgages on certain properties at a much higher interest.


09-12-2011

Credit Repair Help

Your credit information are stored in databases so that applying for any type of loan can mean that the lender will look up into your records and see that you have not been as prompt in paying your debts as you should be. It is quite a challenge when it comes to refinancing for people with bad credit because lenders are very careful when it comes to approving loans, and like it or not, they will look into your credit history.


09-12-2011

Get instantly approved home equity loans for debt consolidation - debt relief tips

In an attempt to avoid getting one’s home into foreclosure, many resort to refinancing their mortgages or stretching their credit limits so that sometimes they are in a deeper, more complicated financial mess than prior to making those seemingly unnecessary decisions.