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Showing posts from April, 2021

Reasons Why People Are Denied for Debt Consolidation Loans

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Denial or rejection is also a common scenario for some Canadians seeking a debt consolidation loan. Unfortunately, not everyone can get approved for debt consolidation.   People trying to obtain a debt consolidation loan are often looing to reduce their debt by merging their credit card debts, personal loans and other unsecured type of debt.   National Debt Relief Services can help Canadians get approved for a debt consolidation program. We are a trusted debt relief provider in Canada and continuously help hundreds of Canadians get rid of debt every day.   Top Reason for Debt Consolidation Rejection 1.       Bad Credit This is a common reason why someone will get rejected for a debt consolidation. Your credit is a big factor to gauge your creditworthiness. This indicates how well you will be able to maintain your debt repayments.   2.       Debt-To-Income Ratio (DTI) Having unmanageable debt, usually, debt being too high can lead to rejection too. Creditors want t

5 Best Ways to Achieve Debt Relief

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Achieving debt relief is everyone’s goal especially those who are struggling with a debt crisis. With the help of National Debt Relief Services , there are debt relief options in Ontario that you can take advantage of to easily and legally deal with unsecured debts.   Below are 5 best ways to achieve debt relief in Ontario:   #1 Aggressively Pay Down Your Debt   The longer you make only minimum payments, the longer your debt will be paid off. This can lead to more interest over time and will expand the timeline for your debt repayment. While it’s okay to pay only the minimum payment every month, but if you are looking to achieve debt relief as soon as possible, then increasing your monthly payment will help a lot in speeding up your repayment timeline.   #2 Focus on Paying One Debt at a Time Making a more significant and noticeable payment towards a debt of your choice will give you big progress. Do this until all your debt is paid off. This method is more effecti