Consolidating credit canada
So instead of making multiple payments, you're now just making one.
Plus, you might find that while you're always making payments, your debt isn't actually going down.
If you're feeling like your level of debt isn't where you want it to be, and you're committed to paying it down, a debt consolidation loan can be a great way to take back the control you're missing.
A debt consolidation loan allows you to combine different debts into one loan.
Actual results and loan or line of credit payment amounts and repayment schedules may vary. Applicants must meet CIBCs lending criteria; all personal lending products are subject to credit approval. Products and their interest rates may change at any time without notice.
Based on the details you’ve entered, it appears that you’ll be debt free sooner with your current payment plan.