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"You only see one puzzle piece, never the whole puzzle.So you miss out on the benefits that consolidation brings, like saving on fees, better rates for your outstanding debt and a clearer picture of whether you're really meeting your financial goals." The easiest place to start consolidating is with your bank accounts-especially if you use several different financial institutions.
"It's like a mosquito that buzzes around your head and then starts gnawing at you until you do something about it." In fact, the more your finances are spread between financial institutions, the more likely you are to be inundated by needless paperwork.
If you have a number of debts, you may wish to merge them all into one loan. There may be a number of reasons why you would wish to do this.
Below are the most common reasons: To learn more about what debt consolidation is and how it works in Canada, click here.
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