When it comes to debt consolidation, lenders in Vancouver typically look for a credit score of 650. However, there are debt consolidation lenders for bad credit in Vancouver whose credit score requirements are easier to meet. Freedom Capital can introduce you to one of these lenders.
Debt consolidation loans typically have higher interest rates than other mortgages. However, depending on your lender, type of loan, and the amount you need to consolidate, your interest rate may vary.
Yes. Consumer proposal will remain on your record, but only for a certain amount of time. Consumer Proposal in Vancouver will typically stay on your record for five to seven years. However, there are certain measures you can take to ensure it doesn’t affect your credit score; such as maintaining a stable income and getting a debt consolidation mortgage.