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Debt consolidation
Debt consolidation means combining several balances — credit cards, loans, lines of credit — into a single loan with one monthly payment. Used well, it can lower your average rate, simplify your budget, and speed up repayment. Compare lenders that offer this type of financing, weighing the rate, the amount you qualify for, and the provinces served.
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2lender(s) available
Available in Quebec
Available in Quebec
Coverage last verified on July 3, 2026
How debt consolidation works in Canada: consolidation loan, line of credit, when it makes sense, and the pitfalls to avoid.
Read the guideFixed-rate consolidation loan or revolving line of credit: pros and cons, typical rates, discipline needed and credit impact for Canadian borrowers.
Read the guideThe real pros and cons of debt consolidation in Canada: one payment and a lower rate, but also fees, longer terms and the risk of running up new debt.
Read the guideConsumer proposal or debt consolidation loan? Compare eligibility, credit impact, costs and which debts are covered to choose the right option in Canada.
Read the guideDebt consolidation vs debt settlement in Canada: the key differences, credit score impact, risks of for-profit settlement firms, and safer alternatives.
Read the guideHow balance transfer credit cards work in Canada: promotional rates, transfer fees, the post-promo rate trap, and how to actually clear your debt for good.
Read the guideConsolidating debt with a HELOC: lower rates, but your home becomes collateral. Who qualifies, illustrative costs and the pitfalls to avoid in Canada.
Read the guideDebt management plan or consolidation loan? How each works, the credit impact, typical costs and who each suits — plus how to find a reputable non-profit.
Read the guideDebt avalanche (highest rate first) or snowball (smallest balance first)? Compare both repayment methods for paying down your debts faster in Canada.
Read the guideHow to consolidate credit card debt in Canada: consolidation loans, balance transfers and lines of credit compared, with illustrative savings and clear steps.
Read the guideWhen consolidating student debt in Canada makes sense, and why folding a government student loan into a private loan can cost you key benefits.
Read the guideBankruptcy vs consumer proposal in Canada: how each works, what happens to your assets and credit, duration and cost, and which option fits your situation.
Read the guideMinimum payments only, credit for groceries, mounting late payments: the warning signs of problem debt in Canada and the resources that can help you out.
Read the guideReady to compare the lenders that fit you?
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