Can You Be Denied Debt Consolidation?

When you apply for debt consolidation, lenders will thoroughly assess your financial situation, including your income and any other existing debt (such as a mortgage, car loan, or student loan). If they calculate that you won't be able to afford the monthly payments, there's a good chance they'll reject your application. Debt can be overwhelming and it's important to know all of your options. There are many ways to get out of debt, such as debt help, dealing with creditors, debt settlement, debt management, debt consolidation, consumer proposal, and bankruptcy.