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

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.

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.

Inspiring testimonial

Catherine and Jean's situation

Catherine and John had an excellent credit rating, easily accumulating credit cards and lines of credit, and obtaining several loan offers. But before long, their debt load became unsustainable.