What is debt consolidation?
Debt consolidation is the process of combining multiple debts into one simple payment. Interest rates are often much lower than balancing multiple high interest debts. A debt consolidation loan from Tembo Financial allows you to leverage the equity of your home to pay down debts faster while simplifying your finances.
Benefits of Debt Consolidation:
- Save Money (By lowering overall monthly interest rates) *
- Avoiding Bankruptcy or Consumer Proposal
- Maintaining and improving your credit score*
- Putting your home equity to work for you
*All loans are subject to credit and underwriting approval. Loan amounts and interest rates change based on borrowers situation. There are no guarantees that the outcomes from a debt consolidation loan will be the same for all clients.