Whether it’s $10,000 or $500,000 – Alpine Credits is Your Best Alternative to the Bank

Debt Consolidation Loans

Do you have credit card bills and other debts with growing balances? Are you struggling to get ahead financially due to the mounting debt? Do you want to consolidate your high interest payments into a single lower interest payment that will help you pay off the debt?

If you answered ‘yes’ to any of these questions, we can help! If you own your home, a home equity loan used to pay off your high interest debts may be a great solution for you to consider. At Alpine Credits, we have professionals who are capable of working with you to combine several debts into a single loan that has a more favorable term, payment, interest rate, or loan structure. Your monthly payments can be reduced by up to two-thirds!

We completely understand your financial situation and will provide you with options when it comes to consolidating debt.

How to Qualify for a Debt Consolidation Loan

All you need to qualify for a loan is to own your home (or other real estate). At Alpine Credits, our primary concern is not your age, credit or income history in approving you for a loan. Instead we focus on the value you have in home equity or other real estate and, unlike the banks with their stringent lending criteria, we will try to make it as easy as possible.

home equity loans

Apply for a Debt Consolidation Loan now!

We’ve been helping people obtain home equity loans for 50 years, now. If you’ve been turned away by the bank for a loan in Canada, we can help find the financing you need.

Easy Application – 3 Simple Steps – 24 Hr Approval

1. Apply Online

Using the form on this page or call 1-800-587-2161 to speak to one of our representatives,

2. Get Approved

Approved with 24 hours. Your home equity is the key to your approval. Get approved now!

3. Get Your Funding

We make it easy. Loan funds can be deposited directly into your bank account, once approved.

Key Benefits of Our Debt Consolidation Loans in Canada

Our home equity loans come with very competitive interest rates. So if you’re looking to consolidate debt from high-interest loans like credit cards, doing so with Alpine Credits will likely result in lower monthly payments.

By extension, you’ll be able to eliminate debt much faster while still having the funds to enjoy life.

Applying for a debt consolidation loan at one of Canada’s Big Five Banks can be quite stressful. You’ll generally need to provide proof of:

  • Solid credit
  • Steady employment
  • A debt service ratio below 30%

Unfortunately, these criteria – which traditional banks enforce quite strictly – leave out many Canadians who might benefit tremendously from debt consolidation.

That’s where we come in. If you own your home, we can arrange a debt consolidation loan. It’s that simple. We see no need for red tape.

As the leading provider of online debt consolidation loans in Canada, Alpine Credits is also one of the few lenders offering decisions within as little as 24 hours. Upon approval, funds can be transferred directly into your bank account.

Many Canadians struggle with credit cards and other revolving loans in large part because they make it possible to take on new debt even as you make payments.

Here’s an example.

Let’s say you’ve maxed out your credit card with a $10,000 limit, incurring a minimum monthly payment of $200.

There’s nothing stopping you from making that monthly payment then promptly using your regained available credit to spend another $200. Keep this up long enough and you’ll end up spinning your wheels.

This is why credit card balance transfers often fail as a means of debt consolidation.

Our loans, however, are structured to help you get – and stay – out of debt. You can borrow the exact amount needed to consolidate and eliminate your loans. Handled correctly, your payments will then go towards actually digging you out of debt rather than giving you an opportunity to sink further.

Another limitation when consolidating debt through big banks is that they’ll only let you combine certain types of loans. That typically includes:

  • Credit cards
  • Unsecured personal lines of credit
  • Overdue utility bills
  • Certain types of student debt

If you’d like to consolidate any type of debt beyond those, you’re out of luck – at least as far as Canada’s major banks are concerned.

With Alpine Credits, you can consolidate any loan you’d like. If the interest rate we provide is lower than the one on your car loan, for example, we won’t stop you from consolidating that debt with us!

That’s the Alpine Credits advantage. Not only do homeowners get approved. They get approved and afforded much greater flexibility.

Consolidating debt with Alpine Credits gets bill collectors off your back! You’ll no longer have to dodge phone calls and letters from multiple institutions demanding payment. Just make one simple monthly payment and you’re good to go!

Signs You Need a Debt Consolidation Loan

Not sure whether debt consolidation is right for you? Here are some classic signs we’ve observed in clients that come to us and ultimately benefit the most from our services.

Our home equity loans come with very competitive interest rates. So if you’re looking to consolidate debt from high-interest loans like credit cards, doing so with Alpine Credits will likely result in lower monthly payments.

By extension, you’ll be able to eliminate debt much faster while still having the funds to enjoy life.

Applying for a debt consolidation loan at one of Canada’s Big Five Banks can be quite stressful. You’ll generally need to provide proof of:

  • Solid credit
  • Steady employment
  • A debt service ratio below 30%

Unfortunately, these criteria – which traditional banks enforce quite strictly – leave out many Canadians who might benefit tremendously from debt consolidation.

That’s where we come in. If you own your home, we can arrange a debt consolidation loan. It’s that simple. We see no need for red tape.

As the leading provider of online debt consolidation loans in Canada, Alpine Credits is also one of the few lenders offering decisions within as little as 24 hours. Upon approval, funds can be transferred directly into your bank account.

Many Canadians struggle with credit cards and other revolving loans in large part because they make it possible to take on new debt even as you make payments.

Here’s an example.

Let’s say you’ve maxed out your credit card with a $10,000 limit, incurring a minimum monthly payment of $200.

There’s nothing stopping you from making that monthly payment then promptly using your regained available credit to spend another $200. Keep this up long enough and you’ll end up spinning your wheels.

This is why credit card balance transfers often fail as a means of debt consolidation.

Our loans, however, are structured to help you get – and stay – out of debt. You can borrow the exact amount needed to consolidate and eliminate your loans. Handled correctly, your payments will then go towards actually digging you out of debt rather than giving you an opportunity to sink further.

Another limitation when consolidating debt through big banks is that they’ll only let you combine certain types of loans. That typically includes:

  • Credit cards
  • Unsecured personal lines of credit
  • Overdue utility bills
  • Certain types of student debt

If you’d like to consolidate any type of debt beyond those, you’re out of luck – at least as far as Canada’s major banks are concerned.

With Alpine Credits, you can consolidate any loan you’d like. If the interest rate we provide is lower than the one on your car loan, for example, we won’t stop you from consolidating that debt with us!

That’s the Alpine Credits advantage. Not only do homeowners get approved. They get approved and afforded much greater flexibility.

Consolidating debt with Alpine Credits gets bill collectors off your back! You’ll no longer have to dodge phone calls and letters from multiple institutions demanding payment. Just make one simple monthly payment and you’re good to go!

Consolidating debt with Alpine Credits gets bill collectors off your back! You’ll no longer have to dodge phone calls and letters from multiple institutions demanding payment. Just make one simple monthly payment and you’re good to go!

Frequently Asked Questions About Debt Consolidation Loans in Canada

Used correctly, a consolidation loan will improve your credit score in the long run by reducing your debt burden. However, it may cause a temporary dip in your credit score if you immediately close the accounts you’ve consolidated.

One reason for this is that dispatching loans can reduce the length of your credit history. In other words, you’ll leave lenders with fewer data points to use when analyzing your credit report. This increased uncertainty causes a dip in your credit score.

It’s worth noting that this dip is temporary. Your credit score should bounce back within a few months, particularly as the positive effects of debt consolidation take hold.

Your Alpine Credits advisor can help you determine whether this temporary dip would cause issues (i.e. if you’re currently in the process of securing a mortgage).

Consolidating debt can be an incredibly wise move if it helps you manage your finances more effectively. Clients we work with consistently describe their experience as being overwhelmingly positive since it helps them get rid of debt and sleep better at night in the process.

Often, you can secure a much lower interest rate by consolidating debt. In such a scenario, it’d be substantially cheaper to consolidate debt than keep it spread out across multiple high-interest loans.

Shaving even a couple of percentage points from your debt can save you thousands of dollars in the long run.

Using a loan specifically designed to help you consolidate debt is often the smarter play.

The problem with personal loans is that they’re typically unsecured, which comes with higher interest rates. Personal loans (like credit cards and lines of credit) can also be difficult to manage, especially if you’ve already found yourself incapable of handling similar debt burdens in the past.

For these reasons, you’d be wise to consider consolidating your debt rather than simply taking on another unsecured personal loan.

Traditional financial institutions typically require credit scores of 650 or higher for consolidation loans. At Alpine Credits, however, we’re not particularly concerned with your credit score.

Our primary objective is to determine how much equity is available in your home for you to borrow.

If you own your home, consider tapping into its equity for the purpose of consolidating debt. Even with bad credit, you can typically secure a home equity loan from us at Alpine Credits. That’s because our primary concern is not your credit score but, rather, how much equity in your home is available for borrowing.

At Alpine Credits, we’ve structured our consolidation loans in a way that minimizes the negatives.

Downsides of consolidation generally include:

  • A potentially higher interest rate if you’re consolidating debt with a credit card or unsecured personal line of credit
  • The ability to mismanage your consolidation loan if it’s of the revolving variety

Our debt consolidation services consist of secured installment loans. This mitigates both aforementioned risks.

Loan Examples*

FIRST MORTGAGE

SECOND MORTGAGE

*Disclosure on “Loan Examples” Above

Alpine Credits’ intent is to always have full disclosure on all of our loan offerings. Borrowers are provided with all necessary disclosure prior to entering into any obligation. Our objective is to offer Canadian home owners an alternative to the banks and credit unions (not a replacement). Typically, you will find our rates to be higher than the banks; however, with this in mind, we are usually more efficient than the banks in getting you your money and may lend in situations where the banks (and other traditional lenders) will not. Once we have provided you with all necessary information, the decision will be left with you as to whether or not you wish to proceed with our offer. Thank you for your consideration. We look forward to speaking with you soon.

All of the above examples are for discussion purposes only. It is important the reader is aware that the examples may represent the lower priced range of our product offerings. Rates on our loans are subject to change and may vary (up or down) based on the equity you have in real estate, the state / condition / location of your real estate, your personal financial situation and the Canadian mortgage market. The examples are all based on interest only monthly payments (you may elect to pick a shorter amortization to pay off your loan sooner) in which the rate in year 2 increases to the prime rate plus 3.75% and the prime rate plus 6.00% for the first and second mortgages respectively. The Cash Advance in all of the loans above represents the net amount of money to be received. The “Gross Amount” for the $100,000 / $300,000 / $25,000 / $50,000 loans in the examples above are $110,500 / $327,900 / $29,500 / $58,140 respectively. The difference between the Gross Amount and Net amount represents closing costs which includes items such as legal fees, appraisals, brokerage fees, etc. (“Fees”). The APR will increase / decrease in the event of higher / lower Fees. Once again, thank you for your consideration.