More loans

Before committing yourself, it’s essential to understand the impact of a new loan on your financial situation. Warning: a new loan is not always the best solution

While this may seem like a quick solution, taking out a new loan in these circumstances involves significant risks:

  • Interest rates are often very high, sometimes between 25% and 30%.
  • You save time, but pay more in the long run
  • The risk of losing your possessions increases considerably
  • Hidden costs may be added that you don’t anticipate
  • The lender may require an endorser, jeopardizing the finances of a loved one

Don’t make decisions without being well informed.
Our BRESSE advisors are here to explain your options and help you find a lasting solution.

Contact an advisor
Contact an advisor
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Do you recognize yourself in this situation?

Here are a few questions to help you make up your mind.

Is your income no longer enough to pay off your debts?

Is your bank refusing to grant you a new loan?

Your credit rating is low and your limits have been reached?

Worried about losing your home, car or other possessions?

Are you looking for a second mortgage, a “second” or “third” chance loan, or a fast loan with no collateral or verification?

 

There are simple solutions.

Our advisors are there for you. Ask them a free, confidential question.

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Possible solution

Informal agreement with creditors

A negotiated settlement with your creditors, without recourse to the Bankruptcy Act, is sometimes possible. The trustee becomes a valuable ally.

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Inspiring testimonial

The Gagnon Family's Situation

The family had accumulated so much debt that they had to cut back on expenses essential to their well-being. On top of that, they were stuck with a car loan that was costing them far too much. Their situation was unsustainable.

Read more

Other situations

Contact an advisor