Personal Debt Consolidation Loans in Canada

Juggling multiple debts with different interest rates and due dates keeps you stuck in a cycle that never ends. At Inspired Management Consulting, we help Canadians consolidate credit cards, personal loans, and other debts into one loan with a lower rate and single monthly payment. You pay off debt faster, save on interest, and protect your credit score.

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The Interest Trap

Credit Card Companies Want You Stuck Forever

Credit cards charge 19 to 24 percent interest. When you make minimum payments, most of your money goes toward interest, not principal. A $20,000 credit card balance at 19.99 percent takes over 15 years to pay off with minimum payments. You end up paying thousands more than you originally borrowed.

Debt consolidation breaks this cycle. We help you secure a loan at a much lower interest rate and use it to pay off all your high interest debts at once. Instead of five payments going nowhere, you make one payment that actually reduces your balance. Your cash flow improves, your stress drops, and you see a clear end date for becoming debt free.

Unsecured personal loans

Stop Using Credit Cards to Keep Your Business Alive

Many small business owners use personal credit cards to cover payroll, buy inventory, or handle unexpected expenses. It feels like the only option when cash flow is tight. But high interest rates pile up fast and your personal credit score takes the hit. Maxed out cards and rising balances make it harder to qualify for business loans when you need them.

Debt consolidation helps you break this cycle. We consolidate your personal credit card debt into one loan with a lower interest rate and fixed monthly payment. Your credit utilization drops, your score starts recovering, and you regain borrowing power. You stop relying on expensive credit cards and start separating personal and business finances the right way.

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Ways to Consolidate

Find the Consolidation Option That Fits Your Situation

There is no single solution for everyone. Your income, credit score, home equity, and total debt amount determine which consolidation option works best. At Inspired Management Consulting, we assess your full financial picture and match you with the right strategy to lower your payments and pay off debt faster.

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+1(403)975-1705
info@inspiredconsulting.ca

Unsecured Consolidation Loan

No collateral required. Best for debts under $50,000. You get a fixed rate loan to pay off credit cards and other debts quickly.

Home Equity Consolidation

Use the equity in your home to consolidate larger debts at a much lower interest rate. Ideal for homeowners with $50,000 or more in debt.

Line of Credit Transfer

Move high interest credit card balances to a lower interest line of credit. Gives you flexible repayment with reduced interest costs.

Private Lender Consolidation

When banks say no, private lenders offer consolidation options based on income and assets. Good for applicants with lower credit scores.

Why Choose Us

Real Support for Real Business Owners

Most consultants hand you a report and disappear. We work alongside you. From finding the right loan to managing your books, we stay involved until you see real results. Your problems become our problems and we do not walk away until they are solved.

A rejected application is not the end of the road. We review your situation, fix the gaps, and reapply with lenders who are more likely to say yes. We push until you get funded.

No two businesses are the same. We look at your specific numbers, your industry, and your goals before recommending anything. You get a plan built for you, not a recycled template.

Business loans, personal financing, and management support all under one roof. You do not need to juggle multiple advisors. One call to us handles everything.

About Inspired Management Consulting

Licensed Advisors

Our team includes certified professionals who meet industry standards and stay updated on regulations that affect your business.

10+ Years Experience

We have spent a decade helping small business owners across Canada navigate financing and management challenges.

No Hidden Fees

You will know exactly what you are paying for upfront. No surprise charges and no fine print that works against you.

Local Canadian Team

We are based in Canada and understand the local lending landscape, tax rules, and challenges small businesses face here.

Clients we’ve partnered with

  • Brentwood 1
  • Easylink 1
  • Flagship 1
  • SGS consultation
  • RR 1
  • Brentwood
  • Flagship
  • Easylink
  • SGS Constultation
  • RR
Fast cash loans Canada

Eligibility for Debt Consolidation in Canada

You need stable income and manageable debt levels to qualify with most lenders. A credit score above 600 helps with bank approvals. Homeowners can use their equity to consolidate larger debts at better rates. Bad credit does not disqualify you. We connect you with private lenders across Canada who approve based on income, assets, and repayment ability rather than credit score alone.

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FAQ’s

Debt consolidation combines multiple debts into one loan with a single monthly payment. You use the new loan to pay off credit cards, personal loans, and other debts. This simplifies payments and often lowers your interest rate.

Debt consolidation pays off your debts in full with a new loan. Your credit score improves over time. A consumer proposal is a form of insolvency where you pay less than you owe. It stays on your credit report for years and gives you an R7 rating.

No. Debt consolidation typically improves your credit score. Paying off credit cards reduces your credit utilization ratio which is a major factor in your score. One loan with consistent payments builds positive credit history.

Most banks require a minimum score of 600 to 650. Private lenders work with lower scores and focus on income, assets, and ability to repay instead of credit history alone.

Unsecured consolidation loans typically cover up to $50,000. Homeowners can consolidate larger amounts through home equity loans or mortgage refinancing. We assess your situation and find the right option.

You can consolidate credit card balances, personal loans, lines of credit, payday loans, tax debts, and other unsecured debts. Secured debts like mortgages and car loans are handled separately.

Rates vary by lender and credit profile. Bank rates range from 7 to 15 percent. Private lenders charge higher rates but offer approval for applicants banks reject. Consolidation rates are almost always lower than credit card rates of 19 to 24 percent.

Home equity consolidation uses the equity in your property to secure a loan. Because the loan is secured, lenders offer lower interest rates. This option works well for consolidating $50,000 or more in debt.

Yes. We work with private lenders across Canada who approve consolidation loans based on income, employment, and assets rather than credit score alone. Rates are higher but approval is possible.

Bank approvals take one to two weeks. Private lenders often approve within 48 to 72 hours. Once approved, funds are used to pay off your existing creditors directly.

Debt to income ratio compares your monthly debt payments to your gross income. Lenders use this to assess your ability to handle a new loan. A ratio below 40 percent is preferred by most lenders.

Yes. Once your debts are paid off with the consolidation loan, creditors have no reason to contact you. You deal with one lender and one payment going forward.

No. Debt consolidation pays your debts in full with a new loan. Debt settlement negotiates to pay less than you owe which damages your credit and may have tax consequences on forgiven amounts.

No. We are not a lender. We act as your advisor and facilitate the consolidation process. We assess your situation, prepare your application, and connect you with trusted lenders across Canada.

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