Consolidation loans in Ottawa
Whether you need $10,000 or $50,000 – Alpine Credits is the best alternative for consolidation loans in Ottawa, Ontario
Consolidation loans have become a growing need in Canada’s capital, Ottawa, as Canadian consumer debt continues its upwards trajectory. If you feel overwhelmed by your financial situation, and debt is piling up, Alpine Credits can help! Alpine Credits supports homeowners with consolidation loans, debt counselling and multiple financing options.
Helping homeowners across Canada, Alpine Credits is one of the pioneers in private lending. We have been providing debt consolidation in Ottawa, Ontario for over 50 years. Our goal is to deliver you stress-free and reliable service as an alternative to the traditional banking system and credit unions.
How to qualify for a consolidation loan
With the goal of having your loan approved within 24-hours, Alpine Credits can help you get closer to becoming debt-free that much faster!
It is no surprise that rising consumer debts and adds to increasing physical and mental distress. Thankfully, Alpine Credits provides consolidation loans in Ottawa, Ontario.
As long as you own a home, you can qualify for a home equity loan that allows you to consolidate multiple debts into just one monthly payment. As opposed to traditional consolidation lenders, we do not care about your credit score, nor your income—we will work with you to find the right solution, so you can reclaim your financial freedom!
Benefits of our consolidation loans in Ottawa
With the Ottawa housing market staying strong, no one should be put in the position to give up the security of owning a home due to financial burdens and debts. It is important to note that homeownership over time helps you build equity on your property.
So, before you decide to dig yourself out of debt by selling your home, know that alternatives like Alpine Credits provide you with a home equity loan you can use to consolidate your debts at lower interest rates, even with poor credit. We can help you get back on your feet.
At Alpine Credits, we do not dig around for excuses to reject your application. Your income or credit score should not deter you from applying. All you need to be is a homeowner and have equity (value of your home – amount owing on your mortgage).
This means you can apply for a home equity loan even if you have no income, or want to get a home equity loan with poor credit. Our application process is simple and painless. Where a consolidation lender will likely consider you a risky borrower if your debt-service ratio exceeds 35%, at Alpine Credits, we have an option that is just right for you!
Our quick processing time allows homeowners to get approval for their debt consolidation loans within 24 hours, and their funds directly deposited to their bank account.
You can choose to consolidate multiple debts with Alpine Credits. As opposed to traditional banking systems and credit unions that limit consolidating options, we offer the option of choosing whatever debts you want to consolidate. For homeowners in Ottawa, debt consolidation is made convenient as long as they have equity in their homes. This means you can qualify to combine secured and unsecured loans with Alpine Credits.
Even if you suffer from a poor credit score in Ottawa, debt consolidation services provided by Alpine Credits can help you to get competitive interest rates. On the other hand, traditional debt consolidation services consider homeowners with bad credit high risk and will most definitely end up charging a higher interest rate—in some cases, your application might even be rejected.
Keeping track of your monthly payments, especially if you have multiple loans, can be cumbersome and stressful. It is when most people end up with bad credit due to missed deadlines and penalties. To avoid putting you in such a position, Alpine Credits offers debt consolidation loan management services to help you structure your monthly payments into a single monthly payment. You can be on top of your student loans and credit card debt with this option.
The single monthly payment system allows you to avoid missing payment deadlines (hence penalties). Consequently, this helps you improve your credit score over time and repay your loans faster. An improved credit score can help you save thousands of dollars in the long run and get you debt-free faster.
Signs you need debt consolidation in Ottawa
Not sure if consolidation loans in Ottawa is the right choice for you? Continue reading to find out why homeowners choose consolidation loans in Ottawa to conquer their debt and take back control of their financial situation.
If you have multiple loans it sometimes gets difficult to stay organized and keep track of the various payment deadlines. Over time, the stress of missed deadlines only deepens, and coming out of it feels near impossible.
If this sounds like you, it might be time to consider consolidating your debt. Debt consolidation can help you stay on track by combining all your payments into a single monthly payment. No more missed deadlines and no more debt-related stress.
Debt consolidation loans in Ottawa, and across Canada can help you simplify your finances. And as mentioned earlier, instead of keeping track of multiple debt payments across multiple loans every month, you now only have to attend to a single monthly payment.
Missing payment means paying exorbitant amounts towards penalties and late fees, hurting your credit score, and adding to more pressure. If you think your finances are out of control, and that you are unable to manage your situation, debt consolidation loans might be the choice for you.
Managing multiple loans can often lead to missed payment deadlines, and as a result, to low or bad credit scores. Traditional lenders (banks and credit unions) will charge you very high interest rates if your credit score is low. However, Alpine Credits in Ottawa offers debt consolidation loans at competitive interest rates to those even with poor credit scores, or those with little or no income.
Financial burdens caused by debt-related stress can be extremely damaging for mental and physical health. In some cases, it can dig you deeper into debt as you find it harder and harder to manage your everyday life. If you find yourself struggling and are ready for a change—ready to be financially responsible—then debt consolidation may be exactly what you are looking for to make that happen.
Find loan options in your area
Click on the links below to get started, and see the mortgage options available to you, in the provinces we serve across Canada!
Frequently asked questions
At Alpine Credits, our licensed professionals can provide you consolidation loans that serve you best. We are not concerned with your age, income, or credit. As long as you have home equity, we can help you get out of debt and reclaim control of your finances.
In Ontario, collection agencies have to be registered and must abide by the rules set out by the Ontario Collection and Debt Settlement Services Act. Any type of debt can be assigned to a collection agency, and failure of payment can cause them to become aggressive, garnish your wages, or even sue.
As mentioned earlier, Alpine Credits does not discriminate when it comes to income, age, or credit. With a debt consolidation loan in Ottawa, you can pay off your debt with no income, as long as you own a home and have equity (value of your home – amount owing on your mortgage).
Yes! Alpine Credits gives you the option to consolidate small, large, secured, and unsecured debts. For example, you can combine your credit card bills with your car loans.
Debt consolidation can hurt your credit but the damage is temporary. Your lender will perform a credit check when you apply. The check itself will result in a hard enquiry.
This can lower your score by 10 points. However, this will only affect your credit score for a year.