Are you being called by a collections agency with a demand to pay a prior bill? Many consumers don’t realize that with outstanding collection matters reporting on your credit history, it is virtually impossible to borrow in Canada. This coupled with the frustration of having to deal with collectors calling you every day may be where it makes sense to borrow a consolidation loan to pay off these collections, especially if you are now working and making stable income and can afford to pay these off. This could have the immediate effect of paying off your collection matters which could improve your credit if you are borrowing responsibly and within your means.
A debt consolidation loan is a single loan that allows you to repay your debts to several or all of your creditors at once. You are then left with only one outstanding loan – to the financial institution. Click here to learn about 5 key benefits of debt consolidation loans.
People make mistakes and urLoan realizes that, contact us today at 1-855-723-5626 ext. 1 to speak to us about a loan to pay off your collection matters and start on the path to get back to your bank to borrow again!