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Alpine Blog

Tools and tips from our team of experts to help you make the best decisions for your financial future.

Category: Debt

Debt consolidation loan alternative to bankruptcy.

Consolidating debt: A bankruptcy alternative

When you’re dealing with a lot of debt, you have a handful of options, like home equity debt consolidation loans, to become financially free. Many people think about filing for bankruptcy, but it has to be completely understood before you decide it is your solution to relieving your debt.

credit card debt review

Credit card debt – save thousands of dollars

In the process of building creditworthiness, the possibility of spending too much on your credit card increases. When that happens and the amount of credit card debt reaches the thousands, getting relief feels difficult to achieve. However, the opposite is true. You can have financial freedom through some DIY solutions.

good credit score with debt consolidation

Good credit scores with debt consolidation

For some, their financial goal is to improve their credit score, which can be done through a few ways including partnering with banks and alternative lenders. One distinctive method that has helped many reach their credit score goals is debt consolidation.

Consolidate Your Debt through a Home Equity Loan

Consolidate your debt through a home equity loan

Anyone can achieve financial freedom with the right tools. With all these options on how to consolidate your debt, you want to choose what is best for you. Personal loans, debt management, debt settlement, and home equity loans are the most common methods, but it’s important to understand each one before making your first step.

Many people set their goals to eliminate debt within a year. To achieve this goal, be prepared and know the strategies on how to pay off credit card debts.

Eliminate debt under a year

Whether you want to erase a portion all or your debt, it’s important to understand a few of the strategies that you can take in order to accomplish your goals of being debt free. You can make some changes in your lifestyle, add another source of income, or consolidate your debt through your home equity to make monthly payments more manageable.

Having questions about debt consolidation loans is normal, and Alpine Credits can provide you with clarity so you can start your journey to financial freedom.

An introduction to debt consolidation loans

Outstanding balances that are owed to credit cards, mortgages, and auto loans are the source of financial stress for Canadians. A common solution to make monthly payments more manageable is with debt consolidation through home equity. Understanding what the effects are and what this means for you as a homeowner is an important step.

bad credit mortgages

Bad credit mortgage doesn’t disqualify you

Credit scores play a significant role, according to Canadian banks. A bad credit score doesn’t stop someone from the opportunity to get a personal loan. Personal loans have a number of uses, including home renovation and debt consolidation, among other prospects. Even with a score that’s less than ideal, you have the chance to build it up or look into a home equity loan.

What is Debt Consolidation

What is debt consolidation & how does it work?

Have you been juggling debt payments and feel like there’s no end in sight? If this sounds like you, you may be wondering: What is debt consolidation, and how does debt consolidation work? Consolidating your debt might be just what you need to get your finances back on track and make your payments more manageable.

Does Debt Consolidation Hurt Your Credit

Does debt consolidation hurt your credit?

Many Canadians worry about whether debt consolidation will have an impact on their finances, but the truth of the matter is that debt consolidation does not hurt your credit in the long run. As long as you’re taking the right steps and consolidating through the right avenues. It’s a strategic financial move that can save you hundreds, even thousands of dollars in interest over the course of your repayments.

Cash Out Refinance in Canada

Cash out refinance in Canada: All you need to know

When refinancing your mortgage, you can choose to increase the size of the mortgage loan that you’ve taken out with your lender. Doing so increases the amount of money you owe the lender, but the difference in amount between your previous mortgage amount and the new one can be withdrawn as cash. This is known as a cash out refinance in Canada.

Are Interest Rates Going Up in Canada

Are interest rates going up in Canada?

At the beginning of March 2022, the Bank of Canada announced its first interest rate increase since the start of the COVID-19 pandemic. This means that interest rates in Canada as a whole are likely starting to shift up as the economy begins to recover and the country learns to deal with the pandemic.

Consolidating debt into a mortgage

Consolidating debt into a mortgage

If you have high-interest debt, are you wondering “Can I consolidate debt into a mortgage?” Any kind of debt can be hard to pay down and get permanently dissolved if the interest charges keep accruing. Many people may feel at a loss on what to do to start making a dent in their high-interest debt.

basement renovation costs

A look at basement renovation costs

Basement renovations are among the most common home modifications in Canada. Keep reading to learn how much basement renovations cost and how Alpine Credits has been helping homeowners keep costs low for decades.

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