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Debt consolidation loans in Alberta

Whether you need $10,000 or $50,000 – Alpine Credits is the best alternative for Debt Consolidation in Alberta

Debt consolidation is becoming an increasingly popular service in Alberta, research shows that an average Albertan’s debt exceeds that of their counterparts in any other Canadian province.

Alpine Credits has helped thousands of homeowners consolidate debt for over 50 years. We make applying for a debt consolidation loan remarkably easy because we recognize how stressful it is to pay off loans to multiple lenders.

Keep reading to learn more about our services and how they might help you.

How our debt consolidation loans in Alberta work

With the goal of approving applications within 24 hours, obtaining debt consolidation loans in Alberta has never been easier!

As mentioned earlier, it is difficult to avoid accumulating debt over time, especially in a province like Alberta. Alpine Credits provides debt consolidation loans in Alberta in the form of home equity loans that allow homeowners to consolidate multiple debts into just one monthly payment.

As opposed to traditional debt consolidation lenders that maintain a high emphasis on credit and income checks, with Alpine Credits, it is much easier to qualify for an equity loan as long as you have equity in your home or real estate.

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Signs you need debt consolidation in Alberta

Wondering whether debt consolidation is a smart choice for you? Here are 5 signs that a debt consolidation is exactly what you need.

This may seem obvious. However, it’s worth pointing out that a large debt burden spread out across numerous loans represents financial trouble in more ways than one. First, keeping your debt disorganized this way makes you more likely to miss payments. It can also have negative effects on your credit because it signals you may be financially tapped out and attempting to juggle the burden by borrowing through multiple lenders. Consolidating your debt, on the other hand, signals you’ve got a plan for getting everything back under control.

When you have multiple loans, it’s crucial to keep track of your payment due dates. Even a single late payment can wreak havoc on your credit score for years to come. One of debt consolidation’s key benefits is that it leaves you with just one monthly payment to worry about. No more waking up in the middle of the night wondering if you’ve missed something!

A soured relationship with lenders can cause significant stress. You’ll find they become inflexible on just about any issue, including those seemingly unrelated to your outstanding balance. Debt consolidation lets you promptly mend (or end, in the case of installment loans) the relationship.

If your credit score was poor when you originally took out the loans, chances are the interest rates are quite high. Even if your credit score hasn’t improved all that much, a debt consolidation loan from Alpine Credits will help you borrow at a lower interest rate.

If you’re serious about improving your financial situation a consolidation loan would help. It could just be the jolt of productive energy you’ve been waiting for!

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How our debt consolidation loans in Alberta work

In Alberta, creditors have a wide range of powers they can leverage to recover funds from consumers. Thankfully, debt consolidation loans level the playing field, giving ordinary people control over their financial situations. These loans allow you to combine multiple debt burdens, leaving yourself with just one monthly payment on a new schedule of your choosing.

These loans allow you to combine multiple debt burdens, leaving yourself with just one monthly payment on a new schedule of your choosing.

At Alpine Credits, our debt consolidation services come in the form of home equity loans. These loans can be obtained even with bad credit or no income, which separates them from other debt consolidation programs (i.e. those offered by traditional financial institutions). As long as you have equity in your home, you qualify! It’s that simple.

Benefits of our debt consolidation loans in Alberta

Currently real estate valuations in Alberta are falling due to the province’s unfavourable economic position. This leaves homeowners in a bind, should they sell their homes in an unfavourable market, downsize and use the proceeds to consolidate debt? Enter home equity loans. With them, borrowers retain ownership of their homes while still withdrawing funds from them for pressing needs.

At Alpine Credits, we make applying for a debt consolidation loan incredibly easy. We understand Albertans have been hard-hit by the pandemic and other economic struggles. This reality has left many Albertans unable to meet the high bar Canada’s major traditional banks have set. They expect you to have amazing credit, stable employment, and a debt service ratio below 30%, among other criteria.

At Alpine Credits, we’re primarily concerned about one thing: do you own your home and have enough equity in it to consolidate your desired loans? If the answer is yes, we can typically approve your application within 24 hours and deliver the money straight to your bank account.

Debt consolidation loans from Alpine Credits aren’t just easier to apply for than those offered by traditional banks, they’re also much more flexible in terms of which debt you can consolidate. Traditional institutions typically limit you to consolidating unsecured loans like credit cards. At Alpine Credits, we understand your debt situation may require a bit more nuance. That’s why we let you consolidate just about any debt you want, including car loans.

We recognize debt consolidation in Alberta is most advantageous when its interest rate is lower than that of your original loans. That’s why we offer very competitive interest rates.

The big draw with lower interest rates is that they help you slash through debt quite quickly. Even a few percentage points can translate into thousands of dollars saved on a larger balance paid off over the course of several years. That money stays in your pocket, allowing you to spend it on things you actually care about rather than enriching banks.

The ease and speed with which you can acquire a debt consolidation loan in Alberta from Alpine Credits makes it possible to get predatory collection agencies off your back within days. No more panicking every time the phone rings or you see an envelope in your mailbox.

Our home equity loans are structured to protect those with a history of trouble managing debt. For one, they’re installment loans, which prevent you from working against yourself and racking up an additional balance as is possible with revolving credit. We structure our loans this way because we’re focused on helping you manage and eliminate debt.

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Frequently asked questions

To get out of debt, create an environment in which you can easily make progress towards eliminating your balance. Debt consolidation facilitates that.

Alberta’s Consumer Protection Act and Collection and Debt Repayment Practices Regulation gives creditors (including collection agencies) the legal right to pursue you. They can even sue! If you don’t respond within 20 calendar days, the court will automatically rule against you. Collectors subsequently will have even greater powers to use against you, including garnishing your wages.

In other words, you shouldn’t ignore collection agencies. If you have multiple outstanding balances, consider consolidating them to make repayment easier on yourself.

Many Alberta residents have money tied up in their homes. In other words, they’re house poor.

A home equity loan is a great solution in this situation because it lets consumers tap into their real estate much like they would a liquid investment.

If you qualify for such a loan, you can use it to pay off debt.

Alpine Credits has been the debt consolidation lender of choice for countless Albertans over the past 50 years. Our loans are easy to apply for and come with competitive interest rates.

With Alpine Credits, you can consolidate any debt you’d like! This differs from the policies at traditional financial institutions, which limit you to consolidating unsecured loans.