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Paying off your debt when it feels impossible
Rounding it up
If you have multiple types of debt, try consolidating them all so you end up with one loan, one monthly payment, and one interest rate.
If you’re denied a consolidation loan, call your creditors to negotiate a payment plan and speak to a non-for-profit credit counsellor.
If you’re unable to negotiate a repayment plan, it’s time to consider a consumer proposal or bankruptcy.
Don’t forget, even if it feels like you’re at a dead end with your finances, there is always more than one way out.
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