Consolidating debt canada government

23 Oct

For starters, this term is misunderstood by some people — so much so that the Canadian government even describes debt consolidation loans in detail.

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Up to 60 percent of the cost of your education may have come from federal student loans administered by the Canada Student Loan Program.Additionally, these loans are a type of installment debt, and that can benefit your credit score in many ways.Prime borrowers can get private financing for credit card payoffs via Lending Arch’s debt consolidation loans with a better APR rate than a typical credit card.If you needed more financial assistance, you may have explored provincial or territorial loans.Finally, you may have accumulated private loans and lines of credit offered by banks to help you meet the costs of your education.